Draftkings Refund Policy
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US Space Force Fan
Mission Viejo, CA
Member since Mar 2012
65024 posts
quote:
Darren Rovell
@darrenrovell
DraftKings is refunding all ML straight bets on Penn State after the controversial OT call on the Indiana two-point conversion.
The company says that bets will be refunded in the form of site credits within 24 hours.
LSU Fan
Poterbin Residence
Member since Aug 2009
26482 posts
They said he got in, reviewed it and the play stood. Where's the controversy there?
Teams lose games on iffy or flat out bad calls all the time, so I don't see what's so different here.
Southern Cal Fan
LA
Member since Dec 2011
10491 posts
Online
Georgia Fan
Cincinnati, OH
Member since Aug 2006
35159 posts
They probably realized they will get a million dollars worth of free publicity and advertising for doing this stunt while only giving out $10,000 worth of credit.
USA Fan
REC Check Writing Office
Member since Sep 2015
1805 posts
quote:
They do this for advertising,not justice. Them refunding the bets is making big headlines.
Teams lose games on iffy or flat out bad calls all the time, so I don't see what's so different here
And its just for betting credits
Its no different than free credit plays on horse racing
At least they got OP to post about DraftKings™
How nice of them to capitalize on the big controversy of the day
LSU Fan
Poterbin Residence
Member since Aug 2009
26482 posts
quote:
i know you understand that, but i wouldnt attempt to rationalize it outside of that, because we wont be able to
I do, but it's just a lame ploy. I would be trying to get my money back on any betting loss then at this point.
'Well in the third quarter of the game they called it an interception and it wasn't. That changed the momentum of everything and I lost my money line bet because of it'
Penn state would've dropped anyways for looking like shite against Indiana.
But the voters could view this as a tie.
Professional gambling sites don't give away free money without just cause for PR reasons.
USA Fan
REC Check Writing Office
Member since Sep 2015
1805 posts
quote:
Professional gambling sites don't give away free money without just cause for PR reasons.
They do it all the time
Especially outside of the United States
You have severely overestimated the amount of money we are talking about
And also completely missed that its only betting credits. Meaning you have to replay on their site.
Chicago Cubs Fan
baton rouge
Member since Jan 2007
59385 posts
South Carolina Fan
USA
Member since Jul 2011
48311 posts
They do this shite a lot
You can get “parlay insurance” if you bet a 3 leg parlay and lose they’ll give you up to $10 site credit back
Give $50 in site credit just for the start of football season
Bet the Chiefs +101 points in the first game of the season at -110 odds
South Carolina Fan
USA
Member since Jul 2011
48311 posts
quote:
would be trying to get my money back on any betting loss then at this point.
Except in this case you technically didn’t get your money back
Say you bet $100 on Penn St in this situation
You get $100 back in your account, but cannot cash out. You need to bet it again, but odds are you won’t win and they’ll keep your money
LA-Lafayette Fan
Energy Capital of the World, TX
Member since Nov 2007
13700 posts
Did they do the same for Arkansas vs. Auburn?
LSU Fan
houston, from chalmette
Member since Sep 2005
64905 posts
Auburn Fan
Back in Auburn
Member since Aug 2010
39033 posts
South Carolina Fan
USA
Member since Jul 2011
48311 posts
quote:
Did they do the same for Arkansas vs. Auburn?
No
quote:
You’ll probably win and double that, but odds are you won’t and they’ll keep your money
Image: http://media0.giphy.com/media/3o6Yg4GUVgIUg3bf7W/giphy.gif?cid=4d1e4f29ccb9915d8935aa19750598093fda0531a1dba8fa&rid=giphy.gif
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South Carolina Fan
USA
Member since Jul 2011
48311 posts
quote:
You’ll probably win and double that, but odds are you won’t and they’ll keep your money
I went to UofSC
Cut me some slack
VCU Fan
Member since Jul 2011
103738 posts
You might have to make 3 or more bets successfully to ever be able to cash out
That’s why most regular bettors say no to the site credit, all it really does is tie your money up
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Neither side loses!
The Big Ten’s college football season finally began this past weekend and with it came a controversial ending to the game between the eighth-ranked Penn State Nittany Lions and the Indiana Hoosiers. Because of how the game ended – Indiana won 36-35 — DraftKings Sportsbook decided to refund all bets on the Penn State money line.
In tweet Saturday night, DraftKings Sportsbook said the final play was a “tough call.” The moneyline bets include live bets made in-game, but not parlays.
Upon further review….
To explain what happened that resulted in DraftKings’ decision, Indiana, a 6-point underdog, tied the game with a touchdown and two-point conversion with 22 seconds left. The game went to overtime and Penn State scored first to go up by seven.
On its first possession, Indiana scored a touchdown on a nifty third down pass and catch from Michael Penix Jr. to Whop Philyor. Now it was time to kick the extra point.
Or not.
Underdogs to a top ten legendary program, Indiana decided to go for the win. Penix dropped back to pass on the two-point conversion, couldn’t find anyone open immediately, stepped up in the pocket, and decided to make a break for it. He ran left, looking like he had an opening, but a defender closed quickly.
At the sideline, Penix dove from the three-yard line, stretching his right arm and the ball as far as he could toward the pylon. He was hit at about the two-yard line, but his momentum carried him just far enough. The ball touched the pylon and the nearest official signaled that the two-point conversion was good. Indiana had won!
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Or had they? It was so close that the play was obviously going to be reviewed. Looking at a million different angles in slow motion, the margin was razor thin, but it looked like the ball may have touched out of bounds just before it hit the pylon.
The problem for Penn State – and the benefit for Indiana – was that if it is too close to call, if there is not definitive evidence to change the call, the ruling on the field must stand. Because the ruling on the field was that the conversion was successful and the officials watching the replay video apparently could not tell definitively one way or the other, the conversion remained good and Indiana won the game.
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Just be happy
It seems that DraftKings disagreed with the ruling, otherwise it probably would not have given refunds to Penn State bettors (for those wondering, since Penn State was a six-point favorite, the play did not affect people betting with the spread).
Some of the reactions to DraftKings’ decision were a bit puzzling. One person said, “This is a weird precedent to be setting. Bets should live and die on the field. Doesn’t matter if the call was right or wrong.”
Ok, that’s reasonable. The call was the call, the score was the score. Leave it at that.
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But then there was another person who tweeted this:
Draftkings Refund Policy Rules
The guy is on top of the world because his team just beat Penn State on a crazy, gutsy play, and he’s saying that he might not use DraftKings again because the sportsbook was…generous? Nobody who placed other bets was hurt by DraftKings’ decision. DraftKings literally gave away money. It affected nobody negatively. Sure, it probably wasn’t completely altruistic – DraftKings probably sees it as a marketing move – but to complain about it seems silly.