Multiple FanDuel Racing accounts take advantage of glitch, leading to historic betting pools and suspended accounts
A glitch in the FanDuel Racing platform allowed several users to exploit the system and place wagers at a significantly lower cost than intended. The glitch, which debited only the base cost of the wager instead of the total cost, was discovered during a several-hour period on Wednesday afternoon. As a result, several super-exotic wagering pools at different racetracks saw a historic influx of money. However, the glitch affected other pools and tracks as well, leading to the suspension of accounts involved. This article explores the details of the glitch, the impact on betting pools, and the actions taken by FanDuel Racing.
Exploiting the Glitch:
An anonymous FanDuel Racing account holder, whose account has since been suspended, shared information and screenshots detailing the betting process during the glitch. The user was able to place wagers that should have cost significantly more for only the base wager cost. For example, an all-all-all-all dime superfecta in a seven-horse field, which should have cost $84, only cost 10 cents via FanDuel Racing. The glitch affected only the FanDuel Racing platform and not TVG, which is also owned by FanDuel.
However, the glitch did recognize the total cost of wagers that exceeded the user’s balance, preventing them from being executed. This suggests that FanDuel Racing was aware of the total cost but still debited only the base cost of the wager. The widespread nature of the exploited wagers makes it difficult to determine the full extent of the bet types affected. However, tracks such as Mahoning Valley Race Course, Churchill Downs, Finger Lakes, The Meadows, and Monticello Raceway were clearly impacted.
Impact on Betting Pools:
The glitch resulted in an unprecedented amount of money being wagered in several super-exotic pools. Churchill Downs, for example, handled $751,000 on the race 4 Super High 5, a significant increase compared to previous bets on the same bet type. The race 4 Super High 5 at Churchill Downs paid $388.34 for a $1 bet, which is a substantial premium considering the size of the field. Similarly, Monticello Raceway and The Meadows saw superfecta pools totaling more than $900,000 each, while Finger Lakes had a $359,297 superfecta pool.
FanDuel Racing’s Response:
Upon discovering the technical issues and potential fraud related to the wagering pools, FanDuel Racing took immediate action to stop wagering via its platform. The company has since resumed wagering but is conducting a full review of the matter and cooperating with regulatory authorities. FanDuel had initially sought to reprice each of the affected pools, but the host tracks did not take that action. Meetings were scheduled for Thursday to address the concerns raised by the glitch and its impact on the betting system.
Conclusion:
The glitch in the FanDuel Racing platform allowed users to exploit the wagering system, resulting in historic betting pools and the suspension of involved accounts. The widespread nature of the exploited wagers made it difficult to determine the full extent of the bet types affected. FanDuel Racing has taken steps to rectify the situation and is conducting a thorough review while cooperating with regulatory authorities. This incident highlights the importance of robust systems and safeguards in online betting platforms to prevent such exploits in the future.
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