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(AP News)   Last season's Browns-Chiefs playoff was tough to watch, and even tougher for BetMGM, whose typo gave bettors option of wagering on whether Mayfield and Mahomes would pass for "00" yards or more. After dragging their feet, BetMGM decided to pay up   (apnews.com) divider line
    More: Amusing, New Jersey, Bookmaker, such bets, New Jersey Division of Gaming Enforcement, typographical error, Error, Typographical error, customers of BetMGM  
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391 clicks; posted to Sports » on 23 Apr 2021 at 4:25 AM (2 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



5 Comments     (+0 »)
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2021-04-23 9:19:02 AM  
IMO, this might have been a key to it:

"Ironically, one of BetMGM's main enticements for new customers is a no-brainer bet, one designed to be so easy to win that it's almost a given. A typical incentive would be a $100 payoff on a $1 bet if a customer's chosen team scores a single point in the game."

If the books weren't making these silly "no-brainer bets" (as opposed to just say, "Deposit $100 and we'll give you another $100 for betting"), then they could have said "nobody would believe we'd make odds like that!".

But, they do it all the time now, so, they can't make that argument anymore.
 
2021-04-23 9:21:33 AM  
Not to mention the publicity didn't really seem to have cost them very much.
 
2021-04-23 10:40:45 AM  

RichPoorBoy: Not to mention the publicity didn't really seem to have cost them very much.


My thoughts exactly.  $10,000 in exchange for media advertising?  And the media advertising is, "Hey! You might get a sure thing with MGM! So, sign up!"  Yeah, I'll take that bet.
 
2021-04-24 5:55:20 AM  

dletter: IMO, this might have been a key to it:

"Ironically, one of BetMGM's main enticements for new customers is a no-brainer bet, one designed to be so easy to win that it's almost a given. A typical incentive would be a $100 payoff on a $1 bet if a customer's chosen team scores a single point in the game."


Fine print alert:
If that's the way the bet is written, it only pays if a team scores exactly 1 point.
In the NFL it's possible, but extremely unlikely.

https://en.wikipedia.org/wiki/Safety_​(​gridiron_football_score)#Conversion_sa​feties_(one-point_safeties)
 
2021-04-24 9:33:18 AM  

Don Gato: dletter: IMO, this might have been a key to it:

"Ironically, one of BetMGM's main enticements for new customers is a no-brainer bet, one designed to be so easy to win that it's almost a given. A typical incentive would be a $100 payoff on a $1 bet if a customer's chosen team scores a single point in the game."

Fine print alert:
If that's the way the bet is written, it only pays if a team scores exactly 1 point.
In the NFL it's possible, but extremely unlikely.

https://en.wikipedia.org/wiki/Safety_(​gridiron_football_score)#Conversion_sa​feties_(one-point_safeties)


If they did that, no one would return.

They do it to give you the money in your account, but in order to withdraw it you have to re-bet and re-win all the money on actual bets. The $1 is just to get your account info and make it super easy for you to start and break down the barrier for you to add money in the future.
 
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