A New Jersey sports fan is crying foul, claiming FanDuel has refused to pay him more than $82,000 on a bet he placed at the Meadowlands Racetrack during Sunday’s NFL Broncos-Raiders game.
FanDuel says a brief glitch in its in-game odds-making system artificially inflated the payout by a huge amount.
Anthony Prince, of Newark, told News12 he placed a bet over-the-counter at the Meadowlands as Denver trailed Oakland late in the fourth quarter.
After Denver quarterback Case Keenum completed a pass down to the Oakland 18-yard line, FanDuel attempted to update the live betting odds to reflect Denver as a -600 favorite to win.
However, FanDuel says an error in the live-odds feed caused the Broncos to be posted as 750-1 (+75,000) underdogs to win the game.
Prince told News 12 he bet $110 on the Broncos and they completed the late comeback for a 20-19 win. At the odds listed, Prince was due a payout of $82,610.
But FanDuel says at the correct odds of -600, he would have won $18.35.
“The wager in question involved an obvious pricing error inadvertently generated by our in-game pricing system,” Kevin Hennessy, spokesman for FanDuel, said in an email.
Specifically, near the end of the game, the odds for the Broncos – who had the ball and were trailing by two points at the time – to win were +340, where a $100 bet would win $340 Hennessy said.
The next play, the Broncos completed a 26-yard pass to position themselves to attempt a 36-yard field goal to take the lead in the final seconds of the fourth quarter, clearly positioning the Broncos as the favorite to win, he said.
“At that moment in the game, our system updated the odds and erroneously posted a price of +75,000 on the Broncos to win the game (bet $100 to win $75,000) when the correct odds for the Broncos to win the game at that point in time were -600 (i.e., bet $600 to win $100),” Hennessy said.
Hennessy said “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,” Hennessy said. “We have reached out to all impacted customers and apologized for the error.”
Prince told News12 that he was offered $500 and skybox seats for three Giants games.
But he turned down that offer and has threatened FanDuel with legal action and a complaint to the New Jersey Division of Gaming.
Kerry Langan, a spokeswoman for the division, said Wednesday that they are aware of the dispute.
“I can tell you this is under investigation,” Langan said.
Hennessy said the incident is under internal review by FanDuel and that, for now, FanDuel won’t make the payout.
Anthony G. Attrino may be reached at email@example.com. Follow him on Twitter @TonyAttrino. Find NJ.com on Facebook.