FanDuel not honoring bet that would have paid over $82,000 due to line error

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.

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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.

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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?

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Re:FanDuel not honoring bet that would have paid over $82,00... by LocalH on Thursday September 20, 2018 @05:09PM (#18035493)

https://en.wikipedia.org/wiki/Vigorish

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