He hit three monster bets — and then the sportsbook wouldn’t pay
stevek
Posts: 28,871 ✭✭✭✭✭
in Sports Talk
https://www.yahoo.com/sports/hit-three-monster-bets-then-153339808.html
He hit three monster bets — and then the sportsbook wouldn’t pay
There’s a common marketing slogan in sports betting: “Sweat the game, not the payout.” In other words, when dealing with legitimate sportsbooks and not some shady neighborhood bookie, gamblers shouldn’t have to worry about getting stiffed.
Yet bettors say gaming operators aren’t always living up to that promise, and some industry officials agree. Bookmakers sometimes use a clause in their fine print as an “insurance plan,” as one top regulator put it, to get out of paying big winners - and multiple industry observers say the practice is increasing.
0
Comments
Bottom line - if ya hit a big one, probably best not to celebrate until the money is in your bank account.
Interesting although it read that it was some Indian tribal casino not a mainstream betting app like Draftings, MGM or FanDuel
Also I've never heard of a legitimate big name casino not paying a bet made but I'm sure it's happened for whatever reason.
Maybe they will say the winning bets were "malfunctions".
Casinos have deemed some big slot machine hits as malfunctions.
You know, I've never bet on anything in my life, just can't stand the thought of losing money on something I have no control over.
"Also I've never heard of a legitimate big name casino not paying a bet made but I'm sure it's happened for whatever reason."
Perhaps not on a sports bet. But quite a number of times a slots jackpot payout was voided because the casino said it was a machine malfunction. No worries, instead of paying out a million bucks to the player, the casino offers them a cheap meal comp for their aggravation, maybe even a free room for the night. 🙄
I would agree with ya about the three names you mentioned. However the article did basically state that "all" sports gambling venues now have language in their rules that if their staff for whatever reason makes an error in the posted odds, that a winning bet could be null and void.
The interesting thing to me is that I'm sure if their error is made the other way, such as offering 20-1 odds on a prop bet when it should have been say 200-1, they will pay out the 20-1 odds with no problem, never mentioning that it was a ripoff payout which should have been ten times more.
Bottom line - if they post the odds, they should be forced to pay those odds no matter what. That's my viewpoint. They are rich enough, they can easily afford it.
I hate that when somebody beats me to the idea. 😉
Yep I have absolutely heard of machine "Malfunctions" voiding payouts
And the bottom line with your thought process is...
Your 100% better off 😉
I'll have to admit, if I saw a O/U line of 500 points, I would re-mortgage my house, take out a car loan on the auto, pawn all my cards and coins, and borrow money from anywhere I could, to bet that under line. 🤣
The big ones do it less because they know ultimately its bad for business and youll likely lose most if not all of it back to them anyways but it still happens. What they really do the most of is they start limiting your betting if you win to much
Missouri 14 OSU 3
I've never heard of any legit casino limiting your bets if your winning too much, what they do is give you free rooms and dinners and make you feel like an A list guest to get you to stay and hope that you continue gambling and lose it all back
The apps do. Yea the Vegas ones close the table, entice you with other stuff, change the dealer etc. You can get banned though to which is why sports betters spread their bets. For table games like blackjack they can just accuse you of card counting and take all your chips and throw you out.
Poker is the exception,, they couldnt care less how much anyone wins there since theyre getting their rake and youre just winning other players money.
Super high rollers obviously get treated differently, but if some random person comes in and starts winning a ton there is a ton of attention on them
Missouri 14 OSU 3
A story about that was illustrated in the movie Casino, which was based on a true story.
I forget the exact details but a whale had gotten lucky with a huge score at the tables, cashed out, and was ready to go back to the airport in the casino limo. Well the casino operators falsely told him that his flight had been cancelled, and they offered him a free room for the night which he accepted.
Well the operators knew that he was going to start gambling again, which is exactly what he did. In a period of time, he not only lost back the winnings but also his original stake. After that the casino gladly drove him to the airport in their limo to catch a flight.
I won this with a $500 buy in, in two sessions aboard the Celebrity Beyond while on a cruise in Greece. It was a 10 day cruise, and this happened on day 2, I never played another hand! Even for me, that took some serious will power.
Not to entice you, or think this happens all the time, I simply had a great run of cards, and oddly enough, on a cruise ship!! Blackjack is the game, if you know the rules and play smart, you really can't hurt yourself too badly. I play a solid basic strategy, and have 18 plays I follow religiously. Card counting is too tedious, and once detected, you will get perp walked and 86'd from the casino.
When I play, I play at Harrah's Cherokee in NC. It's a pleasant 3 hour pastoral-like drive each way. I generally take between $1.5 -$2k. If I lose it, I'm gone, if I'm up $1k, I'm gone. It's kinda like stopping smoking, takes will power!
The secret is to never, EVER, EVER take more to the casino that if you lost it all, it would change your life, or maybe your marriage. The other secret is to know when to color up, go to the cage, cash in grab your fob and go home. Only a sucker stays and stays and stays, and becomes a perennial loser.
I’ve had 6 dealer changes in one hour when I was playing high stakes blackjack. Every time a dealer comes in they burn a card hoping it will change the deck in their favor. Most time after the 3rd I just cashed out. But to screw with them I’d change to the table minimum and play 2 hands one time.
I always had the table closed off and played one on one.
"I spent 50% of my money on alcohol, women, and gambling. The other half I wasted.
I don't have the link. I read last year that a famous magician in England was banned from the tables throughout the country. Apparently his sleight of hand was too good.
Your correct with your examples for sure
I agree with ya and believe you are correct with one caveat if I may. Online poker versus casino live poker. In casino live poker, you are correct without question. However with online poker, while in theory it's the same as casino live poker, in practice it doesn't seem to work that way.
The reason is say you've got a stake of $500. Well the online poker sites if they don't get that money right away, then chances are you've got a number of other online accounts for bonuses, etc, you'll play there and lose it there. So the poker sites actually are competing against themselves as to which one gets your $500 or the biggest piece of it.
I'm not gonna go into details here, but there are so many countless stories out there about online poker being rigged that it's not even funny. I enjoy poker and watch some of the best poker interview shows on Youtube, and many of them have guests that won't come right out and say it, but strongly imply that online poker is rigged. They prefer to play in live casino tournies or live casino cash games whereby they are sure of getting a fair deal.
I have never played for real money on an online poker site. But I have played for play chips on a number of them, including the sites that are the top sites in the industry, and I'm absolutely convinced that at least on their play money games, the RNG is terribly rigged.
One example. One of the largest online poker sites in the world also offers free to play poker. They will initially stake you for free with around 50,000 play chips. Well I've always been a good poker player. I sign-up and get the 50,000 chips at no charge. Well for around the first twenty hands I'm just steamrolling thru the weak competition, just looking forward to playing the top play money players. So around the twentieth hand, I flop quad jacks, an extreme rarity. I had built the stack up to around 150,000 chips, go all-in, opponent goes all-in, and I'm ready for my stack to be at 300k and on the road to bigger stakes and better competition. I'm not even really paying attention to the turn and river, the hand is won. Well the opponent hits a straight flush with runner runner, also an extreme rarity. Considering that I just signed up, the odds of that happening, both rarities such as that on my twentieth hand for crying out loud, basically is near impossible if ya know poker odds.
Well then suddenly the screen appears and says something such as if ya want more free chips, ya now have to pay for them to continue playing. Well F* them and their obviously rigged site. I quickly deleted the account, and that was that. My viewpoint is if they're willing to do that to con a simple player out of spending money to buy free chips, what are they willing to do to real money players?
At least with online sports betting and other betting such as horse racing, the site can't rip ya off with altered software. If your team wins the game then they win, and vice versa, it's public information. So at least for the results, the website has to be completely legit.
All that being said, it's licensed US websites that should only be used. Because I've read a lot of stories about off shore, unlicensed websites, a player hits a huge parlay, and the website then accuses you of money laundering or something, and not only doesn't pay-off your winnings, but also confiscates your stake. Trying to go thru the legal system in those corrupt countries is fool's folly.
Trying to make money sports betting on a completely legit website is tough enough. But playing on an offshore website, truly is being a glutton for punishment. Avoid them like the plague.
Is that better off or BETTOR off?
Youre spot on about a lot of the online poker being rigged or people using programs to see what cards are coming in the past. I used to play it many years ago and the things that would happen were so outrageous that I gave that up. There were a bunch of players that showed winning percentages to high that was a big scandal probably 15 or so years ago. It may be better today with the US casinos doing it but I just dont trust that aspect anymore.
I couldnt agree more that no one should be using the offshore sites, you might as well just light your money on fire if you use those. I'm not sure I really trust any of the online card games to be honest from past experiences. The sports like you mentioned have a public result and I've thought of getting into it with the apps.
I prefer betting somewhere in person a lot more but unfortunately dont really have any casinos close with where I live now.
Missouri 14 OSU 3
degenerates the lot of you
Not me, I drive a Ford Pinto and proud of it. Runs great downhill. Although uphill is a little bit of a problem.
the only thing more inflammable than a pinto is a brand x (chevy) pickup!
well the corvair of course (also brand X)