Multiple FanDuel Racing accounts take advantage of technical glitch, leading to historic amounts of money being wagered
In a surprising turn of events, multiple FanDuel Racing account holders were able to exploit a glitch in the platform’s wagering system, resulting in a significant influx of bets during a several-hour period on Wednesday afternoon. The glitch allowed users to place wagers at only the base cost, rather than the total cost, of the bet. While the glitch was initially noticed in five super-exotic wagering pools at four different racetracks, it quickly became apparent that users were taking advantage of the situation in other pools and at other tracks as well. This article delves into the details of the glitch, the impact it had on the betting pools, and the subsequent actions taken by FanDuel Racing.
Exploiting the Glitch
Under the condition of anonymity, a FanDuel Racing account holder, who has since had their account suspended, shared information and screenshots about their betting process on Wednesday. The user discovered that they could wheel the entire field for only the cost of the base wager, allowing them to place bets at a fraction of the expected cost. For example, an all-all-all-all dime superfecta in a seven-horse field should have cost $84, but the glitch enabled the user to place the bet for only 10 cents. It is worth noting that the glitch only affected the FanDuel Racing platform and not TVG, which is also owned by FanDuel.
Recognition of Total Wager Cost
Interestingly, the glitch did not allow users to place wagers whose total cost exceeded their account balance. This suggests that FanDuel Racing recognized the total cost of the wager but still debited only the base cost. While the exact extent of the wagers affected by the glitch is unknown, it is clear that the pools that attracted hundreds of thousands of dollars were not the only ones impacted. Tracks such as Mahoning Valley Race Course, Churchill Downs, Finger Lakes, The Meadows, and Monticello Raceway all experienced an increase in handle on Wednesday.
Impact on Betting Pools
The impact of the glitch was evident in the betting pools at various racetracks. Churchill Downs, which typically handles significant amounts of money on high-profile races such as the Kentucky Derby and Kentucky Oaks, saw an unusually high handle of $751,000 on the race 4 Super High 5. This was a considerable increase compared to previous Super High 5 pools at the track. Similarly, Monticello Raceway and The Meadows experienced superfecta pools totaling more than $900,000 each, while Finger Lakes had a $359,297 superfecta pool.
FanDuel Racing’s Response
FanDuel Racing identified the technical issues and potential fraud related to the wagering pools and took immediate action to stop wagering via its platform. The company suspended the accounts of users who were exploiting the glitch and is now undertaking a full review of the matter. FanDuel Racing has also stated that it will cooperate with regulatory authorities in addressing the situation. The host tracks, however, did not reprice the affected pools, and meetings were scheduled to discuss the concerns raised by Wednesday’s events.
Conclusion:
The glitch in the FanDuel Racing platform allowed users to take advantage of a technical flaw, resulting in historic amounts of money being wagered on various pools at different racetracks. While the exact extent of the impact is still being determined, it is clear that the glitch had a significant effect on the betting pools, leading to unusual handle amounts and unexpected payouts. FanDuel Racing has taken swift action to address the issue and is working closely with regulatory authorities to ensure the integrity of their platform. This incident serves as a reminder of the importance of robust systems and thorough testing to prevent such glitches from occurring in the future.
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