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FanDeul already paying out national championship bets on Alabama

R

Redwood Forrest

Hall of Fame
Sep 19, 2003
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:biga2: RAT POISON ALERT !!! :biga2:

FanDuel sportsbook is paying out bets from people who picked Alabama to win the college football national championship -- over a month before the game will be played. The company announced Friday night it is treating the top-ranked Crimson Tide as the winners already, and paid out single-game bets to customers' online or mobile accounts.

http://www.espn.com/chalk/story/_/i...-bets-alabama-crimson-tide-national-champions
 
bamaga

bamaga

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Apr 29, 2002
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That is beyond bizzare. I don’t understand how they are saving money by paying out that bet. But, just another reason for other fans to pull against the Crimson Tide
 
twofbyc

twofbyc

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Should have read the article first all the way through. [emoji853]


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Last edited:
A

Akazo

BamaNation Citizen
Aug 22, 2010
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It "may" cost them $400,000 (low chance) but will get them $1M in publicity. Smart move.
 
CraigD

CraigD

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Aug 8, 2006
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Redwood Forrest said:
:biga2: RAT POISON ALERT !!! :biga2:

FanDuel sportsbook is paying out bets from people who picked Alabama to win the college football national championship -- over a month before the game will be played. The company announced Friday night it is treating the top-ranked Crimson Tide as the winners already, and paid out single-game bets to customers' online or mobile accounts.

http://www.espn.com/chalk/story/_/i...-bets-alabama-crimson-tide-national-champions
Click to expand...
What????


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A

athlete37

Scout Team
Dec 13, 2012
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BamaNation said:
Getting money back into the hands of betters so they'll bet something that FanDuel CAN make money on?
Click to expand...
Hadn't thought of this. Good call here. If they're ninety percent sure they're going to pay it out anyways they might as well give the money back to be bet a half a dozen times over in the meantime
 
KrAzY3

KrAzY3

Hall of Fame
Jan 18, 2006
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It's mainly a publicity thing. Doesn't seem like there was heavy betting on Alabama (this costs them 400K I believe), so they can pay out, get 400K worth of publicity or so and they can't lose.
 
twofbyc

twofbyc

Suspended
Oct 14, 2009
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Deleted

After reading the article, it is in fact a PR move. Just a grab for market share.


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