Hall of Famer
- Apr 1, 2005
- AFL Club
- Other Teams
- Calgary Flames, Man Utd
All of that is irrelevant - it only matters what a reasonable person would expect. And as keeps getting ignored by the payout crowd here it is obvious from how quickly this spread on social media that the reasonable person new the markets were miss priced.This is going to be interesting to follow.
Sportsbet probably won't want to invest the time and effort looking into every case, but if they did, I could see it working out like this.
A proven mug punter. Rarely takes +EV odds. Betting patterns are consistent with that of a casual punter. A negative return from the lifetime of his account. A large majority of his bets are multies. No history of ever getting on a palp.
Seems a bit more calculated. Doesn't bet every day of the week, and more often than not he will bet on weekends only. Betting patterns are consistent with someone who likes to shop around for best odds. Slightly in the minus over the lifetime of his account. Places the occasional multi. No history of ever getting on a palp.
Places bets most days of the week. A lot more calculated and switched on than the average punters. A large majority of his bets are placed 48 hours out from events in +EV situations. Rarely places multies. Has had several bets in the past two years that were palps. Slightly in the green over the lifetime of his account.
Places bets every day. Very calculated and well educated. Betting patterns suggest he only ever places bets that are +EV. Rarely places multies. Has a history of betting on palps. Well in the green over the lifetime of his account.
Sportsbet could easily argue that Punter D was well aware of the extra generous odds / palp. It's likely they could also argue Punter C was well aware of the overpriced odds in each leg of the multi. It's reasonable that Punter A had absolutely no idea that he was betting markets with overpriced odds, and it's probably reasonable that Punter B may have also not been aware of the overpriced odds. These punters were simply "following the crowd" when the 40+ markets went viral, and weren't aware of the palps.
Sportsbet and NT Racing and Gaming rule in favour of Punters A and B and decide to pay them out. They don't rule in favour of Punters C and D and those punters can instead count their lucky chickens they even got paid out at odds of $9.
Given there are thousands in this position, there's no way Sportsbet would invest the time and energy to go through every account. They'd honestly prefer to just take the $9 million loss and recover that loss over the next several days by going about their usual business.