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    All Forums | College Football

    Unbelieveable!...Sportsbook pays out national champ bets on Tide...You read right...

    VGPOP
    erdoc
    wmi799
    Day-trader1
    bpickin
    ...
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    VGPOP
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    Posted: Dec. 1, 2018 - 7:43 AM ET #1

    FanDuel sportsbook already paying out national championship bets on Alabama


    FanDuel sportsbook is paying out bets from people who picked Alabama to win the college football national championship -- over a month before the game will be played.

    The company announced Friday night it is treating the top-ranked Crimson Tide as the winners already, and paid out single-game bets to customers' online or mobile accounts. Those who made bets in person can bring their winning slips to the location where they bet to be paid.

    Alabama also is being marked as a winner on parlay bets that included the necessity of it winning the title.

    FanDuel says the move could cost it $400,000. Should Alabama not win the national championship, FanDuel will pay out bets on whichever team wins the title.

    "It has been a dominant season for the Crimson Tide and our traders have seen enough," the company said in a statement Friday night."


    https://www.espn.com/chalk/story/_/id/25420619/fanduel-pays-bets-alabama-crimson-tide-national-champions

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    FanDuel sportsbook already paying out national championship bets on Alabama


    FanDuel sportsbook is paying out bets from people who picked Alabama to win the college football national championship -- over a month before the game will be played.

    The company announced Friday night it is treating the top-ranked Crimson Tide as the winners already, and paid out single-game bets to customers' online or mobile accounts. Those who made bets in person can bring their winning slips to the location where they bet to be paid.

    Alabama also is being marked as a winner on parlay bets that included the necessity of it winning the title.

    FanDuel says the move could cost it $400,000. Should Alabama not win the national championship, FanDuel will pay out bets on whichever team wins the title.

    "It has been a dominant season for the Crimson Tide and our traders have seen enough," the company said in a statement Friday night."


    https://www.espn.com/chalk/story/_/id/25420619/fanduel-pays-bets-alabama-crimson-tide-national-champions

     
    erdoc
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    Posted: Dec. 1, 2018 - 8:25 AM ET #2

    Marketing ploy so those same players will bet that same money and lose some back to the books.  
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    Marketing ploy so those same players will bet that same money and lose some back to the books.  
     
    wmi799
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    Posted: Dec. 1, 2018 - 8:30 AM ET #3

    Sorry, but who cares. 

    Histrionic personality disorder. It's sad
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    Sorry, but who cares. 

     
    VGPOP
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    Posted: Dec. 1, 2018 - 9:11 AM ET #4

    Quote Originally Posted by wmi799:

    Sorry, but who cares.

    Why reply?

    Quote Originally Posted by erdoc:

    Marketing ploy so those same players will bet that same money and lose some back to the books.

    Marketing or not, it's just crazy.

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    Quote Originally Posted by wmi799:

    Sorry, but who cares.

    Why reply?

    Quote Originally Posted by erdoc:

    Marketing ploy so those same players will bet that same money and lose some back to the books.

    Marketing or not, it's just crazy.

     
    Day-trader1
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    Posted: Dec. 1, 2018 - 9:27 AM ET #5

    I heard on VSIN a bettor buying all Alabama futures and he's been doing it for weeks now... he probably had inside information... 
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    I heard on VSIN a bettor buying all Alabama futures and he's been doing it for weeks now... he probably had inside information... 
     
    wmi799
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    Posted: Dec. 1, 2018 - 9:41 AM ET #6

    Why? Because it's a forum. A topic was posted. A reply to the topic was given. That's how it workspeace_5

    Histrionic personality disorder. It's sad
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    Why? Because it's a forum. A topic was posted. A reply to the topic was given. That's how it workspeace_5

     
    bpickin
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    Posted: Dec. 1, 2018 - 9:49 AM ET #7

    Marketing tactic 
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    Marketing tactic 
     
    Slobbasaurus
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    Posted: Dec. 1, 2018 - 10:03 AM ET #8

    I believe Paddy Power or another Euro book was paying Clinton wagers before she lost to Trump in the 2016 Election.  

    That's hilarious.  

    But $400,000 isn't sh!t in the grand scheme of things for Fan Duel.  As mentioned previously, it's pretty good marketing.

    I live in Jersey so I use their Sportsbook over the others b/c their ACH Withdraw TAT is 2 business days.  I understand Draft Kings now has it but they didn't earlier this year.  

     

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    I believe Paddy Power or another Euro book was paying Clinton wagers before she lost to Trump in the 2016 Election.  

    That's hilarious.  

    But $400,000 isn't sh!t in the grand scheme of things for Fan Duel.  As mentioned previously, it's pretty good marketing.

    I live in Jersey so I use their Sportsbook over the others b/c their ACH Withdraw TAT is 2 business days.  I understand Draft Kings now has it but they didn't earlier this year.  

     

     
    VGPOP
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    Posted: Dec. 1, 2018 - 10:13 AM ET #9

    Quote Originally Posted by Slobbasaurus:

    I believe Paddy Power or another Euro book was paying Clinton wagers before she lost to Trump in the 2016 Election.   That's hilarious.   But $400,000 isn't sh!t in the grand scheme of things for Fan Duel.  As mentioned previously, it's pretty good marketing. I live in Jersey so I use their Sportsbook over the others b/c their ACH Withdraw TAT is 2 business days.  I understand Draft Kings now has it but they didn't earlier this year.

    They are doing all this when this business (sports betting) is going to rise bigger than ever without any marketing schemes. But hey, like you said, it is true, $400,000 is nothing when considering the bottom line.

    This live in-game wagering is going to explode in the future. NBA and MLB already on board to provide statistic feeds.

     

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    Quote Originally Posted by Slobbasaurus:

    I believe Paddy Power or another Euro book was paying Clinton wagers before she lost to Trump in the 2016 Election.   That's hilarious.   But $400,000 isn't sh!t in the grand scheme of things for Fan Duel.  As mentioned previously, it's pretty good marketing. I live in Jersey so I use their Sportsbook over the others b/c their ACH Withdraw TAT is 2 business days.  I understand Draft Kings now has it but they didn't earlier this year.

    They are doing all this when this business (sports betting) is going to rise bigger than ever without any marketing schemes. But hey, like you said, it is true, $400,000 is nothing when considering the bottom line.

    This live in-game wagering is going to explode in the future. NBA and MLB already on board to provide statistic feeds.

     

     
    bmiller1632
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    Posted: Dec. 1, 2018 - 10:16 AM ET #10

    This news today makes me like Georgia even more  in the SEC championship game
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    This news today makes me like Georgia even more  in the SEC championship game
     
    Slobbasaurus
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    Posted: Dec. 1, 2018 - 10:27 AM ET #11

    Quote Originally Posted by VGPOP:

    Quote Originally Posted by Slobbasaurus:

    I believe Paddy Power or another Euro book was paying Clinton wagers before she lost to Trump in the 2016 Election.   That's hilarious.   But $400,000 isn't sh!t in the grand scheme of things for Fan Duel.  As mentioned previously, it's pretty good marketing. I live in Jersey so I use their Sportsbook over the others b/c their ACH Withdraw TAT is 2 business days.  I understand Draft Kings now has it but they didn't earlier this year.
    They are doing all this when this business (sports betting) is going to rise bigger than ever without any marketing schemes. But hey, like you said, it is true, $400,000 is nothing when considering the bottom line. This live in-game wagering is going to explode in the future. NBA and MLB already on board to provide statistic feeds.

    You're right about the Live In-Game man.  They have ML and point spread updates on almost each play.  Allows you hedge.  I noticed DraftKings doesn't provide them with wagers bet pre-game but Fan Duel does.  So much for calling your bookie up on a Saturday morning asking for a 10-timer on the early game hoping that he's home and picks up the LAN line.  

    Have you seen the Cash-Out option?  Allows you cancel your wager in game with money won/loss depending on the score.  

    I used it literally within the minute of the Serena Williams 2nd set meltdown during the Championship match of the US Open.  Saved me around $125

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    Quote Originally Posted by VGPOP:

    Quote Originally Posted by Slobbasaurus:

    I believe Paddy Power or another Euro book was paying Clinton wagers before she lost to Trump in the 2016 Election.   That's hilarious.   But $400,000 isn't sh!t in the grand scheme of things for Fan Duel.  As mentioned previously, it's pretty good marketing. I live in Jersey so I use their Sportsbook over the others b/c their ACH Withdraw TAT is 2 business days.  I understand Draft Kings now has it but they didn't earlier this year.
    They are doing all this when this business (sports betting) is going to rise bigger than ever without any marketing schemes. But hey, like you said, it is true, $400,000 is nothing when considering the bottom line. This live in-game wagering is going to explode in the future. NBA and MLB already on board to provide statistic feeds.

    You're right about the Live In-Game man.  They have ML and point spread updates on almost each play.  Allows you hedge.  I noticed DraftKings doesn't provide them with wagers bet pre-game but Fan Duel does.  So much for calling your bookie up on a Saturday morning asking for a 10-timer on the early game hoping that he's home and picks up the LAN line.  

    Have you seen the Cash-Out option?  Allows you cancel your wager in game with money won/loss depending on the score.  

    I used it literally within the minute of the Serena Williams 2nd set meltdown during the Championship match of the US Open.  Saved me around $125

     
    UNIMAN
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    Posted: Dec. 1, 2018 - 11:00 AM ET #12

    Puts a lot of added pressure on Bama. 
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    Puts a lot of added pressure on Bama. 
     
    sscott999
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    Posted: Dec. 1, 2018 - 11:26 AM ET #13

    That's so those people will take that money and re-bet it all on Bama in the SECC today...  and lose it when UGA wins straight up.
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    That's so those people will take that money and re-bet it all on Bama in the SECC today...  and lose it when UGA wins straight up.
     
    DODGEpicker
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    Posted: Dec. 1, 2018 - 11:39 AM ET #14

    its not that unbelievable when you consider Bama are -250 which makes it more sense for the books to give people the chance to lose their money plus with the marketing aspect as mentioned already.

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    its not that unbelievable when you consider Bama are -250 which makes it more sense for the books to give people the chance to lose their money plus with the marketing aspect as mentioned already.

     
    Laroja
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    Posted: Dec. 1, 2018 - 2:07 PM ET #15

    Quote Originally Posted by UNIMAN:

    Puts a lot of added pressure on Bama.

     

    lol

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    Quote Originally Posted by UNIMAN:

    Puts a lot of added pressure on Bama.

     

    lol

     
    davemsh
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    Posted: Dec. 1, 2018 - 2:13 PM ET #16

    $400K is nothing to them...Bama @ 2-1 odds in the beginning of the season means that they did not get that much $$ on Bama...Like other mentioned...its a marketing ploy to get new customers and media attention...
    Mayweather bet 450000 on
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    $400K is nothing to them...Bama @ 2-1 odds in the beginning of the season means that they did not get that much $$ on Bama...Like other mentioned...its a marketing ploy to get new customers and media attention...
     
     
    davemsh
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    Posted: Dec. 1, 2018 - 2:15 PM ET #17

    $400K is what they would probably spend on advertising on a typical big sports weekend...Smart move by the company...
    Mayweather bet 450000 on
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    $400K is what they would probably spend on advertising on a typical big sports weekend...Smart move by the company...
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