Re:FanDuel not honoring bet that would have paid over $82,00...
by jazzyjackson on Wednesday September 19, 2018 @12:42PM
(#18025509)
Hedge funds seem to automate things in an environment where certain bugs are existentially threatening. They hire doctors of math and get their code correct. It's not impossible, just expensive.
Re:FanDuel not honoring bet that would have paid over $82,00...
by goobynight on Wednesday September 19, 2018 @01:11PM
(#18025763)
Right. If you make system creation more expensive, the house needs to collect more juice.
I think most sports betting consumers here prefer the current, lower cost, more diverse system with a slightly higher error rate.
I'd reckon most people complaining here don't even bet on sports, but want to grandstand against bookies. I can understand that I guess.
Re:FanDuel not honoring bet that would have paid over $82,00...
by thejenk on Wednesday September 19, 2018 @04:09PM
(#18027309)
I'm not going to comment on moral or legal responsibilities of bookies and gambling companies, because I am uneducated on both subjects, but I found your use of the term "collect more juice" really interesting. It seems odd to relate pulling revenue from fruit to pulling revenue from people's incorrect bets. Is that an industry term?
Re:FanDuel not honoring bet that would have paid over $82,00...
by hart_russell on Wednesday September 19, 2018 @12:42PM
(#18025510)
This isn't a nonprofit charity. It's a bookie. They decided to offer automated betting systems, in the hopes of winning money from their customers. They should stand behind those same systems when they don't work in their favor.
Re:FanDuel not honoring bet that would have paid over $82,00...
by jonknee on Wednesday September 19, 2018 @12:36PM
(#18025459)
If you can't afford the errors you should not be in the business (but they can easily afford this error).
Re:FanDuel not honoring bet that would have paid over $82,00...
by TomMarius on Wednesday September 19, 2018 @12:42PM
(#18025521)
I don't think so. The legal system in Europe honors good faith.
Re:FanDuel not honoring bet that would have paid over $82,00...
by jonknee on Wednesday September 19, 2018 @12:48PM
(#18025569)
Luckily for the better New Jersey is not in Europe.
Re:FanDuel not honoring bet that would have paid over $82,00...
by TomMarius on Thursday September 20, 2018 @08:48AM
(#18031924)
Oh yeah, it is - I just wanted to offer an alternative to your views, and added a real-world example.
Re:FanDuel not honoring bet that would have paid over $82,00...
by krupan on Wednesday September 19, 2018 @12:29PM
(#18025398)
We do too have software that can be that reliable. A aviation and space flight are quick examples. Gambling houses probably don't want to pay the cost of that software, but it could be done.
Re:FanDuel not honoring bet that would have paid over $82,00...
by goobynight on Wednesday September 19, 2018 @01:13PM
(#18025785)
It wouldn't just be bookies paying that cost. It would be forwarded to the customers placing bets. I'd prefer to keep the costs low, since nobody is going to die and things aren't going to blow up. The worst that will happen is someone thinking they scored a huge payout and not getting it.
Re:FanDuel not honoring bet that would have paid over $82,00...
by girvo on Wednesday September 19, 2018 @12:33PM
(#18025431)
Sure, but in this case it’s not an infinite payout. And the courts will care about that more than an engineering hypothetical, i would wager.
Re:FanDuel not honoring bet that would have paid over $82,00...
by fastball on Wednesday September 19, 2018 @12:26PM
(#18025376)
The software industry absolutely does have ways to prove a much higher level of code correctness than Paddy Power is demonstrating.
Re:FanDuel not honoring bet that would have paid over $82,00...
by ddingus on Wednesday September 19, 2018 @12:26PM
(#18025375)
Best use humans then. Otherwise there is no trust.
You know they did not inform people of errors the other way.
Re:FanDuel not honoring bet that would have paid over $82,00...
by jonknee on Wednesday September 19, 2018 @12:38PM
(#18025480)
The best part is they did use humans, this bet was placed in person.
> The bettor, who identified himself to News 12 New Jersey as Anthony Prince, placed the wager over the counter at the sportsbook at the Meadowlands Racetrack
Such bugs becomes not a costly mistake but instead existentially threatening
And we certainly don’t have a software industry capable of supporting that environment