A Gambler Barely Missed Out On A $1 Million Prize Thanks To The Screwjob Of The Century
Last year, the Supreme Court did the world a major solid when it decided Americans would no longer have to rely on bookies or trips to Vegas if they want to place bets on sports.
The decision stemmed from a lawsuit that was filed against the state of New Jersey in 2012 by every major sports league in the United States after it attempted to legalize betting at casinos and racetracks.
It took a little while but reason finally prevailed.
Prior to the ruling, most people who wanted to bet on sports had to rely on a sketchy website with a domain based in South America to wager on games.
However, there was a nice little loophole in the form of daily fantasy sports, with the likes of DraftKings and FanDuel letting bettors get their fix by taking advantage of a legal grey area.
Both companies were quick to open their own sportsbooks in New Jersey, and over the weekend, the former hosted the inaugural DraftKings Sports Betting National Championship in Jersey City.
Over 200 people ponied up the $10,000 buy-in competed in a three-day handicapping contest— including one unlucky bettor who might have gotten screwed out of the $1 million jackpot.
According to ESPN, professional gambler Rufus Peabody had a bankroll of $82,000 and a commanding lead after winning his all-in bet when the Patriots easily covered the spread in their contest against the Chargers.
That matchup ended just four minutes before the Eagles and the Saints kicked off and Peabody said he was planning to bet the under (which turned out to be the right call).
However, he ran into a bit of a problem when he discovered he hadn’t been credited for his win before the second game started and was unable to place a bet.
Unfortunately for Peabody, another contestant placed $47,500 on the Eagles to cover and ended up with a total of $101,474, which was enough to take home the $1 million first-place prize.
After the contest ended, a DraftKings spokesperson issued a statement addressing the controversy:
“[W]e sincerely apologize for the experience several customers had where their bets were not graded in time to allow wagering on the Saints-Eagles game. We will learn from this experience and improve upon the rules and experience for future events.”
Peabody still managed to come in third-place but “only” took home around $330,000 for his troubles.
This situation might suck, but on the bright side, it makes me feel so much better about the $10 I lost this weekend.