Betting Kentucky Derby at non Pari-Mutuel location in Reno cost man $574,000

Search

Member
Joined
Dec 15, 2004
Messages
2,954
Tokens
What's brutal is William Hill has a Pari-Mutuel location in Reno at High Sierra. Unbelievable story but you have to know what your doing when your wagering $2670. Guy claims he didn't see sign and ticket writer never him aware of cap on exactas and trifectas.

Dr. Steve Friedlander walked into the Tamarack Junction sportsbook in Reno, Nev., and spent $2,760 on bets for the Kentucky Derby.
He put $600 on the No. 8 horse Tacitus to either win, place or show and he did a $100 exacta box and a $40 trifecta box using the 8, 13, 16 and 20 horses. If any of those four finished first and second, he would win the exacta. If any of those four finished first second and third, he would cash in the trifecta.
When Maximum Security, the No. 7, crossed the finish line first, it appeared as though Friedlander had lost all his bets. But then Maximum Security was soon turned into a loser when the horse was disqualified and taken down.
https://www.actionnetwork.com/horse-racing/kentucky-derby-exacta-trifecta-bad-beat-darren-rovell

william-hill.jpg
william-hill-2.jpg
kentucky-derby-bad-beat-2.jpg
 

Conservatives, Patriots & Huskies return to glory
Handicapper
Joined
Sep 9, 2005
Messages
85,760
Tokens
I learned the hard way with a local bookie years ago.

When I place a ML parlay and I see a win amount of something even, like $ 2,500 or $ 1,200, I recalculate to see if there is some sort of limitation. Obviously won't make that bet, and I don't like that shit either

Sometimes it's stupid to play the ML, you have to take the points
 
Joined
Mar 8, 2011
Messages
452
Tokens
a month and a half for the board to make a decision? it should take about 5 seconds to tell him 35k is all he's getting. a novice who didn't know about fixed payouts by claiming he didn't see the sign won't wash here.
 

New member
Joined
Sep 24, 2006
Messages
388
Tokens
i think he will get paid...he had a bunch of small bets just on one card...a $5 tri is really 5 one dollar tris....
 

Member
Handicapper
Joined
Sep 21, 2004
Messages
22,529
Tokens
he will not get paid parimutual prices. they will be capped via the rules
 
Joined
Jan 17, 2007
Messages
99,709
Tokens
If the wagers aren't put into the tracks pool, you Won't get track odds.
This is why most all sportsbook have a cap.
 

Member
Joined
Nov 21, 2006
Messages
4,446
Tokens
But they are using track odds and that is the big issue. The parimutuel system has a 20 percent vig incorporated which the sportsbooks use while not having to pay all the expenses associated with it. So they free ride the track odds and also have a cap. It's basically robbery.
 
Joined
Mar 8, 2011
Messages
452
Tokens
But they are using track odds and that is the big issue. The parimutuel system has a 20 percent vig incorporated which the sports books use while not having to pay all the expenses associated with it. So they free ride the track odds and also have a cap. It's basically robbery.
no it's not. 99% of knowledgeable horse players know enough to not play long shots that will go over the limits that they impose and are clearly stated beforehand.
 
Joined
Dec 11, 2006
Messages
44,366
Tokens
But they are using track odds and that is the big issue. The parimutuel system has a 20 percent vig incorporated which the sportsbooks use while not having to pay all the expenses associated with it. So they free ride the track odds and also have a cap. It's basically robbery.

This
 

New member
Joined
Nov 24, 2016
Messages
424
Tokens
Interesting comment about his ticket structure. So if he bet a $5 tri then it’s just 5 one dollar bets. I agree he should get paid on each bet.
 

Forum statistics

Threads
1,108,591
Messages
13,452,743
Members
99,426
Latest member
bodyhealthtechofficia
The RX is the sports betting industry's leading information portal for bonuses, picks, and sportsbook reviews. Find the best deals offered by a sportsbook in your state and browse our free picks section.FacebookTwitterInstagramContact Usforum@therx.com