{"id":623,"date":"2024-09-10T19:54:54","date_gmt":"2024-09-10T19:54:54","guid":{"rendered":"http:\/\/buckinghamshire-removals.co.uk\/?p=623"},"modified":"2024-09-12T15:06:34","modified_gmt":"2024-09-12T15:06:34","slug":"bet365-faces-more-backlash-for-adjusting-odds-after-bets-placed","status":"publish","type":"post","link":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/2024\/09\/10\/bet365-faces-more-backlash-for-adjusting-odds-after-bets-placed\/","title":{"rendered":"Bet365 Faces More Backlash for Adjusting Odds After Bets Placed"},"content":{"rendered":"

Bet365 is facing a slew of criticism on Tuesday after the sportsbook adjusted odds on accepted bets after realizing that a backup running back would be the starter for the San Francisco 49ers during the team’s “Monday Night Football” game.<\/span><\/p>\n

\"bet365
Sportsbook bet365 issued a settlement update for an over\/under market that it tried to adjust odds on after accepting bets. The sportsbook has faced much criticism recently for adjusting odds on posted bets. (Image: X)<\/figcaption><\/figure>\n

Jordan Mason is the Niners’ second-string running back behind Christian McCaffrey, one of the most electrifying players in the NFL who was named the Offensive Player of the Year in 2023. <\/span><\/p>\n

\n

McCaffrey typically does the heavy lifting in the San Francisco backfield and commands the bulk of the team’s carries. <\/span>That’s why bet365<\/a> originally put Mason’s over\/under for total rushing yards against the New York Jets at just 13.5 yards. The line was on odds of -110, typical for an over\/under.<\/span><\/p>\n<\/div>\n

After bet365 realized that McCaffrey wouldn’t play because of a nagging calf\/Achilles injury, the sportsbook told bettors with action on Mason that their odds had been adjusted to -5000. The change meant a $100 winning bet went from paying out $90.91 to just $2.<\/span><\/p>\n

Bet365 Makes Good, Kind Of<\/b><\/span>\u00a0<\/span><\/h2>\n

Matt Williams<\/a>, a sports betting analyst at VSiN<\/i> Live, was the first to expose the bet365 odds adjustment for Mason’s performance.<\/span><\/p>\n

Bet365 told Mason and others who took the Mason over\/under at -110 that the adjustment was warranted because the original odds were offered in error.<\/span><\/p>\n

\n

We have identified that this selection was placed at incorrect odds and as such, in accordance with our rules, will be settled at the revised odds of -5000,” the bet365 communication read.<\/span><\/p>\n<\/blockquote>\n

After Williams shared the sportsbook message to X and hundreds of angry bettors scolded the operation, bet365<\/a> issued a “settlement update.” <\/span>Williams said his $110 bet was awarded $91.93, which was below the $100 he was rightfully owed on -110 odds. The comments on the bet365 settlement update were overwhelmingly negative.<\/span><\/p>\n

“The only reason you’re agreeing to this is because you got called out publicly,” read one response on X.<\/span><\/p>\n

\n

There was no confusion, you all thought you could screw people over,” added another.<\/span><\/p>\n<\/blockquote>\n

Williams likened the book’s explanation to a robber robbing a bank who later found out they were caught on camera.<\/span><\/p>\n

“So they brought the money to the police station and said, ‘Sorry for any confusion.’”<\/span><\/p>\n

Regulators Mum<\/b><\/span>\u00a0<\/span><\/h2>\n

In July, the New Jersey Division of Gaming Enforcement (DGE) ordered bet365 to pay $519,323.32<\/a> to bettors behind 199 winning wagers in which the sportsbook had post-adjusted its odds.<\/span><\/p>\n

\n

The gaming regulator said bet365 failed to notify the agency about accepting wagers on odds it deemed erroneous. State officials said DGE approval is first needed for a book to adjust odds on facilitated wagers.<\/span><\/p>\n<\/div>\n

The DGE found additional regulatory deficiencies at bet365 last week when it revealed the book had taken bets on events that had already been completed<\/a>. Bet365 agreed to settle the regulatory action with a $33K penalty.<\/span><\/p>\n

Casino.org <\/i>reached out to the DGE for comment regarding Monday night’s matter but didn’t hear back before publication. We will update the story if we receive a response.<\/span><\/p>\n

The post Bet365 Faces More Backlash for Adjusting Odds After Bets Placed<\/a> appeared first on Casino.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bet365 is facing a slew of criticism on Tuesday after the sportsbook adjusted odds on accepted bets after realizing that a backup running back would be the starter for the San Francisco 49ers during the team’s “Monday Night Football” game. Sportsbook bet365 issued a settlement […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10],"tags":[],"_links":{"self":[{"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/623"}],"collection":[{"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=623"}],"version-history":[{"count":1,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/623\/revisions"}],"predecessor-version":[{"id":624,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/623\/revisions\/624"}],"wp:attachment":[{"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=623"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/buckinghamshire-removals.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}