Computer forces FanDuel to pay big: Lucky punter gets paid $82k

By Martin Green26 September 2018
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Sky Bet chief executive Richard Flint has railed against the Labour Party’s plan to ban gambling ads during sporting events and outlaw credit card betting. The British opposition party made the two recommendations after completing its year-long review into gambling regulations. “Gambling addiction is this country’s hidden epidemic, but there are too few protections to help people who are suffering or at risk,” Labour deputy leader Tom Watson told the Guardian. Flint backed reducing adverts “to a level that is not anti-competitive” but said a full-blown ban on ads during live sports would not work.

Ladbrokes has penned a three-year deal to sponsor both the “Fillies and Mares” and the “Three-Year-Old” categories at four All-Weather Championships racecourses: Newcastle, Wolverhampton, Southwell and Lingfield Park. Ladbrokes was a founding sponsor of the races, but stepped down two years ago after a row over the authorised betting partner strategy. 32Red replaced it for a couple of years, but now Ladbrokes is returning to resume its sponsorship. “The All-Weather Championships has very quickly become a firmly established and very successful part of the British racing calendar and we are proud that we were one of the founding partners of what was such an innovative new initiative when launched in 2013,” said Ladbrokes Coral PR director Simon Clare. “It is therefore great that Ladbrokes is back involved as a partner of the series and we look forward to contributing significantly to the future success of the All-Weather Championships.” Read the Racing Post for more.

Industry funded charity GambleAware has announced a two-year partnership with Citizens Advice to help debt advisors prevent gambling related harm. It is investing £1.5 million of the industry’s money in the scheme, which will provide training to frontline debt advisors in England and Wales. “Encouraging and enabling staff in all public-facing settings to be aware of the possibility that the presenting problems could be related to gambling is key in helping to tackle this issue,” said Dr Jane Rigbye, director of education at the charity.

Punters in the US took FanDuel to the cleaners after capitalising on a computer glitch that offered in-play odds of 750/1 on an NFL game. The Denver Broncos should have been priced at just 1/6 to beat the Oakland Raiders ahead of a 36-yard field goal, but the computer threw up astronomical odds instead. FanDuel, owned by Paddy Power Betfair, initially refused to pay out, but a disgruntled punter called Anthony Prince went public and the operator eventually relented after consulting with the state’s gambling regulators. Prince bet $110, so he scooped a tidy $82,000. “A 36-yard field goal has approximately an 85% chance of success, so the astronomical odds offered on something highly likely to occur was very obviously a pricing error,” said the firm. “These kinds of issues are rare, but they do happen. We want sports betting to be fun. So, this one’s on the house. We are paying out these erroneous tickets and wish the lucky customers well.” Read ESPN for more on this.

British bookmaking giant William Hill has signed a deal to sponsor popular NHL franchise the Vegas Golden Knights. The operator will run in-arena signage and updated league-wide odds on the video board during intermissions at T-Mobile Arena in Las Vegas. It is the first ever deal between a bookmaker and an NHL team and William Hill chief executive said in a press release that he “could not be excited” to partner with a new team that went all the way to the Stanley Cup Finals last year. ESPN has more on this.