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New Jersey gambling regulators are investigating whether
12-15-2018, 10:51 AM,
Post: #1
New Jersey gambling regulators are investigating whether
FanDuel's sports book should pay out more than $82 http://www.oaklandraidersteamonline.com/...all-jersey ,000 to a man who was given exorbitant odds for the Denver Broncos to win Sunday against the Oakland Raiders.Anthony Prince of Newark made his bet and was handed a ticket at incredible 750-1 odds with about a minute left in the game, as the Broncos trailed by 2 points on their final drive. Denver kicked a field goal with 6 seconds left to win 20-19, capping a second half comeback that started with the Broncos down 12-0.FanDuel says its system should have calculated his odds at 1-6, meaning a bettor would have to wager $600 in order to win $100.Prince bet $110 on the Broncos but was stopped when he went to collect from FanDuel's betting window at the Meadowlands Racetrack in East Rutherford, New Jersey."They said, 'Oh, we can't honor this ticket,'" Prince told News12 New Jersey, which first reported the story. "I said, 'Why? This is fair and square.' They said the system had a glitch in it and they're not obligated to pay for glitches."FanDuel said in a statement that its system malfunctioned and it is not obligated to pay out on an obvious error."A small number of bets were made at the erroneous price over an 18 second period. We honored all such bets on the Broncos to win the game at the accurate market price in accordance with our house rules and industry practice, which specifically address such obvious pricing errors," FanDuel said in its statement. "We have reached out to all impacted customers and apologized for the error."How the matter is handled could have far-reaching effects on the budding sports betting industry in New Jersey at a time when new sports books are opening in some other states and lawmakers throughout the country consider whether to also jump in for the potential tax revenue. New Jersey challenged a federal ban and won a U.S. Supreme Court decision in May that cleared the way for gambling on games to expand beyond Nevada.The idea that player money and winnings would be protected and regulated by the state has been a major selling point among sports betting supporters who contrasted legal gambling with shady offshore betting sites where players often have little recourse in disputes.But gambling regulators also have policies in place to void obvious errors in sports bets.David Rebuck Authentic Marcus Gilchrist Jersey , director of the New Jersey Division of Gaming Enforcement, said the agency is investigating whether there are grounds to compel FanDuel to pay Prince the stated payout of $82,000. He added the agency is looking "just as importantly @ how it occurred given internal controls exist to prevent such an error. Those findings might also result in the need for further action."FanDuel's operation just a few miles from New York made $3 million in its first full month in August and quickly became the most popular sports book in New Jersey.FanDuel declined to say how many bets were made at the incorrect odds.Prince said FanDuel offered him $500 and some tickets to future New York Giants games, adding he should take the offer because they're not obligated to give him anything."I said, 'Wow, for real?'" Prince said. "You'd rather go to the corner bookies now; you're not getting paid here."Follow Wayne Parry at ://WayneParryAC Hello from lovely London town. It’s great to be back. The business of covering the Raiders match-up is at hand, but really it is a good excuse to once again explore this amazing city. That’s a luxury I have. The Raiders on the other hand, have far more serious business on which to focus – getting a win.The last time the Raiders traveled to London was 2014. Current high paid veteran starters Derek Carr and Gabe Jackson were rookies then. And they came to Wembley winless at 0-3 on the season. Carr was desperate for his first win as a pro quarterback. He wouldn’t get that win. Carr would leave the game with an injury, replaced by Matt McGloin and the Raiders would lose to the Dolphins to fall to 0-4. Immediately after the game, third year head coach Dennis Allen would be fired, replaced by interim head coach Tony Sparano (RIP) and the team would go on to lose six more before Carr would get that coveted first victory.Carr is now a fifth-year quarterback. He and the Raiders are back at Wembley today, preparing for their sixth game of the season and once again desperate to put a win on the board.This time they aren’t winless Womens Mike Nugent Jersey , but they aren’t far off. They lost their first three games just as in 2014, then they pulled out a win in overtime against the Browns before failing in spectacular fashion to the Chargers in LA and now sit at 1-4. Derek Carr is feeling the pressure to put a winning product on the field.“It means a lot. Just to have a win. Especially when you have a bye week. It’s always good to win on a bye week, make the corrections and then you feel the momentum of ‘hey, we won the last game, let’s take it over and carry it over to this one,” said Derek Carr. “We know as a team we’re in a spot where we need to win. We need to win this game and our sole focus on the plane ride over, our sole focus all week is whatever it takes, let’s just win this game. Just like it is every week, but I think that heightened sense of urgency has been good for our young guys, it’s been good for our team.”While Carr is approaching this with a sense of urgency, his veteran receiver is taking a page out of his former All Pro quarterback’s book, in saying R-E-L-A-X. “I think if you’ve been in this league long enough you’re going to experience the ups and downs Authentic Jared Cook Jersey , the highs and lows,” said Jordy Nelson. “if it’s anything in the middle of the season going through a four game losing streak which I experienced a couple years ago, you know there’s no reason to panic, there’s no reason to change everything you’re doing, you got to trust in what you do and you got to stay true to what’s going on and you just got to work. And eventually it will turn. That’s what happened then, and I think that’s what will eventually happen here. You just got to continue on that grind, continue to put in the time and the effort and stay positive, stay focused and just keep it week by week.”With all due respect to Jordy, that Packers team wasn’t going through a re-build. They had a rough patch and they had Aaron Rodgers. No offense to Derek Carr, but he ain’t ARod.Jordy is right that panicking won’t help matters. But simply staying the course and expecing things will turn around is for proven teams. This squad is cobbled together and trying to find its identity. They’ve been in desperation mode for several weeks now. That continues Sunday at Wembley.Follow @LeviDamien
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12-21-2018, 10:03 AM,
Post: #2
RE: New Jersey gambling regulators are investigating whether
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