risk management Archives - National Football Post

The post NJ Man Says FanDuel Won’t Pay; Company Investigating appeared first on SportsHandle.

A New Jersey man says he made a wager on Sunday at the FanDuel SportsBook at the Meadowlands Racetrack and that FanDuel won’t pay up. The bet, an in-game wager, would have paid $82,610 on a $110 wager and was made with 1 minute, 10 seconds remaining in the Denver Broncos-Oakland Raiders contest.

According to a report from News12 in New Jersey, FanDuel says the ticket was a glitch and is looking into the matter. But the bettor, Anthony Prince, is all but demanding FanDuel pay out immediately.

“They said their system had a glitch in it and they’re not obligated to pay for glitches,” Prince told News12. “The other guy said, ‘You should take what we give you because we don’t have to give you [anything] at all.’ I said, ‘Wow, for real?’”

The post The Analyst: Go East Young Bookie! appeared first on SportsHandle.

Back in the 1800’s Horace Greely was credited with the popular phrase “Go West Young Man, Go West” when offering advice about going west to seek fortune and opportunity. If Horace Greeley were alive today and were offering advice to those interested in the business of sports wagering, I suspect, and would bet serious dollars, he would modify his famous quote and post to a Twitter account: “Go East Young Bookie, Go East!”

As jurisdictions on the east coast of the United States embrace and welcome full on sports wagering it will only be a function of time before the national and international gaming operators wake up and realize, no different than the stock market, they will need their line makers and risk managers for their sportsbook operations to be based on the east coast or else start making those folks get into their Las Vegas offices by 5 a.m.

Consider this simple reality: there are nearly 60 million people and the highest concentration of professional sports in the north east United States, and those bettors are not likely to want to wait until 11 a.m. or noon on the east coast to start getting their bets down.

Please click here to read the remainder of the column at Gaming Today.

The post The Analyst: Go East Young Bookie! appeared first on SportsHandle.