The Bellagio casino may have suffered the biggest sportsbook loss in history after nearly a quarter-million dollars in winning wagers were placed on baseball games after they already started.
On Sunday June 28, bets were allowed to be placed on international baseball games in Korea and after the games had already started due to incorrect start times posted as the resu
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The Nevada Gaming Control Board is now investigating the matter to determine whether the books should deem the wagers valid or not. The Gaming Control Board must be notified whenever there’s a dispute over $500.
‘A trading error Live Draw was identified this weekend and addressed. We’re working with Nevada Gaming authorities on this matter,’ ROAR Digital, which manages BetMGM, said in a statement.
Seven longtime Vegas bookmakers say they can’t remember a larger loss than this, according to the.
A KBO League, Korea’s national football league, game between the Doosan Bears and the Hanwha Eagles pictured July 5 in Seoul, South Korea. US Sportsbooks only began offering wagering on international baseball due to the coronavirus pandemic and the hiatus on American sports
However, past-post errors are fairly common in the sports betting world, Damacai which occurs when a sportsbook employee enters the wrong start time for games or puts in a typo.
‘It’s happened to all of us. I think every sportsbook probably since the beginning of time has dealt with this at some point,’ John Murray, the director of Westgate sportsbook said to the Journal.
‘We’ve had past post situations where our employees put in the wrong time or put in the wrong number or they forgot to close something. It’s manual entry and humans are going to make mistakes,’ he added.
Experts say dealing with bets on sports in foreign countries is particularly tricky because of different time zones and days.
Bookmakers say it’s a common practice to offer past-post bettors the option of either taking the winnings along with a permanent ban from the casino or forfeit the earnings and return any time.
Robert Walker, the USBooking director Singapore Pools of sportsbook operations, said when the Gaming Control Board gets involved, it often sides with the bettors.
‘We had [the GCB] come out several times. We got ruled against most of the time,’ Walker said.
US Sportsbooks only began offering wagering on international baseball due to the coronavirus pandemic and the hiatus on American sports.