LAS VEGAS – The nearly $ 500 million in winning bets allegedly placed at MGM Resorts last Sunday could be the biggest sports betting loss in Las Vegas history on bets placed after an event has started.
Seven longtime bookmakers in Las Vegas can’t remember a bigger loss, reports the Las Vegas Review-Journal. But each probability maker received criticism in previous posts and said it is a fairly common occurrence in books.
According to an ESPN report, Sunday bets were allowed because incorrect start times were posted on some Korean and Chinese baseball games due to a manual entry error.
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Almost all of the approximately 50 bets were placed on self-service kiosks at Bellagio between 1:30 and 3 am, when the games in question started at 1 am and 2 am.
Among the bets was a $ 250 and 10-legged parlay, which paid more than $ 137,100.
The Nevada Gaming Control Board is investigating the matter. Whenever there is a dispute in excess of $ 500, state books must contact the council, which conducts an investigation and decides which books must obey.
“It happened to all of us,” said John Murray, director of sports betting at Westgate. “I think that all sports betting, probably since the beginning of time, has dealt with this at some point.
“I think that all sports betting, probably since the beginning of time, has dealt with this at some point.”
– John Murray, director of sports betting at Westgate
“We had previous situations where our employees put the wrong time or the wrong number or forgot to close something. It is manual entry and humans will make mistakes. “
Robert Walker, director of sports betting operations at USBookmaking, is still haunted by being outdated during his tenure as director of sports betting at MGM Resorts from 1996 to 2008.
“I haven’t yet overcome some of the mistakes I made at The Mirage 20 years ago,” he said. “There is no worse feeling than when you see a bet on a game that has already started.
“There is no worse feeling than when you see a bet on a game that has already started.”
– Robert Walker, director of sports betting operations at USBookmaking
“I’ve lit up a few times before. If you do not manually close the range line, they continue to bet and they did. “
Walker said a college football bettor had already placed a $ 3,000 part-time bet in the state of Louisiana at the end of the fourth quarter, when the bet could not lose.
“When I saw the bet appear in the fourth quarter, I was mortified,” he said.
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The betting book locked the draft ticket, while Walker went to the MGM Grand to explain his mistake to the bettor.
“He told me the story that they didn’t know and were LSU fans. But you’re still watching the game, ”he said. “But it was 100% my fault. They were guests at the casino, so I was on their side and it was a mistake we had to eat. “