Justin7 aka elihu.feustel on the news ! Casino Won’t Pay Chicago Man $800K

[purplegrape]

Very informative, great post. Stockpiling winners, cashing out all at once, tickets with large win amounts, bad ideas.

 

[krit]

Exactly what rules did he actually break? He probably isn't going to get his money but he probably should.

 

[purplegrape]

Exactly what rules did he actually break? He probably isn't going to get his money but he probably should.

video mentioned structuring. If there is a max bet limit of $500 on an event, you can’t place 2 $400 bets on the same event to circumvent limits to bet $800, clearly stated in the rules.

 

[pipe]

https://finance.yahoo.com/news/chicago-man-fights-caesars-800k-120000414.html

 

[JDS]

Yeah I created a thread about this yesterday pipe.

 

[rickeyphillips]

What a bunch of dirtbags. The fact of the matter is legal gambling is great for instant no fee deposits and instant no fee withdrawals. That being said at the end of the day these books want donation only gamblers. How dare you try to win.

 

[MinnesotaFats]

It'll be a very interesting civil suit. A court w balls could award damages here and strike down the bullshit house rules

 

[rickeyphillips]

Problem is the books are in bed with the states. All about tax dollars

 

[jjgold]

He broke the rules glad he’s not getting paid

all Gamblers shot takers

 

[flashmo]

If they don't pay out his winnings they should refund him all of his losers. He kept all of the tickets

 

[patsfan]

These stories are too common. The casinos get away with theft.

 

[Tanko]

These stories are too common. The casinos get away with theft.

They do because they have extensive rules to limit gamblers and then deny them payouts.
Its unfortunate this guy got busted trying to get around the rules but, he is screwed. I don't see him winning the case.

 

[Wagerallsports]

The guy may have

They do because they have extensive rules to limit gamblers and then deny them payouts.
Its unfortunate this guy got busted trying to get around the rules but, he is screwed. I don't see him winning the case.

I think that might have a lot to do with the people usually hearing the cases and making the ruling know jack sh!t about sports betting and morals

Put some of us in the box and we rule in favor of the player because the Casino did not cancel the wager as if it were invalid, and let if ride in a classic case of ‘Wait & See’

If that wager loses we don’t hear a word about any of this because the casino steals the money and end of story

 

[Tanko]

The guy may have

I think that might have a lot to do with the people usually hearing the cases and making the ruling know jack sh!t about sports betting and morals

Put some of us in the box and we rule in favor of the player because the Casino did not cancel the wager as if it were invalid, and let if ride in a classic case of ‘Wait & See’

If that wager loses we don’t hear a word about any of this because the casino steals the money and end of story

I've not read the complete rules for a book in a looong time but I wonder if it says something like....

Any winning bets that are an attempt to circumvent limits or player restrictions will be forfeited.

That way a book doesn't have to pay out winners but can still keep losing bets. I could see some fine tuning of hte language to do something just like this.

 

[Wagerallsports]

I've not read the complete rules for a book in a looong time but I wonder if it says something like....

Any winning bets that are an attempt to circumvent limits or player restrictions will be forfeited.

That way a book doesn't have to pay out winners but can still keep losing bets. I could see some fine tuning of hte language to do something just like this.

No doubt the hey have covered every avenue to protect themselves

But the courts should easily be able to see that the casino was also in the wrong here and if they believed this wager was invalid, they had more than ample time to void it, but instead waited to see if it would lose to collect

The casino/sports book is crooked in this case and every sports Bettor out there needs to know

 

[Tanko]

But the courts should easily be able to see that the casino was also in the wrong here and if they believed this wager was invalid, they had more than ample time to void it, but instead waited to see if it would lose to collect

The question then becomes, is a book obligated to watch for people attempting to work around the rules and THEN void their bets in advance of play? A book would say, its not their obligation to do so.

I'm betting a court would say, it is the bettor's responsibility to know the rules and adhere to them when placing bets. If the book rules state you forfeit bets that are not in compliance, you lose your bet win or lose.

A casino could also argue, "We only watch for "illegal" play on winning bets and ignore losing bets since the winning bets are where our risk lies."

Unless a judge determines the sports book rules are unfair or invalid, I don't see how this guy is going to win his case.

 

[Wagerallsports]

The question then becomes, is a book obligated to watch for people attempting to work around the rules and THEN void their bets in advance of play? A book would say, its not their obligation to do so.

I'm betting a court would say, it is the bettor's responsibility to know the rules and adhere to them when placing bets. If the book rules state you forfeit bets that are not in compliance, you lose your bet win or lose.

A casino could also argue, "We only watch for "illegal" play on winning bets and ignore losing bets since the winning bets are where our risk lies."

Unless a judge determines the sports book rules are unfair or invalid, I don't see how this guy is going to win his case.

Simple solution the courts should force the casinos to add to their rules & follow - All wagers deemed invalid must canceled by the house within __ Hours (8-12-24?)

 

[Tanko]

Simple solution the courts should force the casinos to add to their rules & follow - All wagers deemed invalid must canceled by the house within __ Hours (8-12-24?)

That would be awesome but, I don't think the courts want to get into telling casino's how to run their business.

As long as the casino has told bettors of the rules up front, it's up to the bettor on whether they want to bet there, even if the rules are completely one-sided.

 

[Tanko]

@Wagerallsports Do you think the bettor has any fault in this?
He did knowingly break book rules.

 

[KVB]

The question then becomes, is a book obligated to watch for people attempting to work around the rules and THEN void their bets in advance of play? A book would say, its not their obligation to do so.

I'm betting a court would say, it is the bettor's responsibility to know the rules and adhere to them when placing bets. If the book rules state you forfeit bets that are not in compliance, you lose your bet win or lose.

A casino could also argue, "We only watch for "illegal" play on winning bets and ignore losing bets since the winning bets are where our risk lies."

Unless a judge determines the sports book rules are unfair or invalid, I don't see how this guy is going to win his case.

Yeah, since we're miles away from a hard fast "you booked it you pay it" verdict it seems more likely that books will continue to get away with this type of freeroll until it happens more often.

Even if for small amounts, if there were patterned and repeated behavior of a book freerolling customers as part of their business plan or risk management, I think I would even know about it as it would come across my desk.

Not to mention a flood of small time reports when they freeroll the wrong guys.

So I don't think it's something the book is just aiming to do regularly. I think there are legitimate market errors and while the industry could do better to weed all of them out, it's just not there yet.