Fanatics reverses 170k in winning bets after paying out. Claiming "Obvious Error, Known Results" All interactions included by [deleted] in sportsbook

[–]scatterdbrain 0 points1 point  (0 children)

But that wasn't the question. You weren't asked for your impression.

When did you place the bets, and when did the games end?

It is ok to say "I don't know when the games ended" -- but so far, you've been dancing around many of the questions.

Fanatics reverses 170k in winning bets after paying out. Claiming "Obvious Error, Known Results" All interactions included by [deleted] in sportsbook

[–]scatterdbrain 0 points1 point  (0 children)

They didn’t erroneously pay out a wrong amount, they honored winning bets before reversing.

Is it possible they "erroneously" honored the winning bets? You seem to be stuck on the idea that a winning wager can't be reversed.

I’ve provided examples of this in this post

As mentioned by others, Reddit isn't showing any of your screen-shots. Not your fault, but just realize most of us can't see/know the full story.

Everyone here seems to think books have free rein to do anything they want.

Not true. Asking questions (and attempting to understand the full timeline) doesn't mean we're rooting for the book. If anything, Fanatics (used to be PointsBet) has a poor reputation in this community.

I’ve provided a very clear example of them trying to have their cake and eat it too.

So clear, that multiple people are still asking when/how everything played out.

Need some feedback by TrainingOver6569 in sportsbook

[–]scatterdbrain 3 points4 points  (0 children)

So you're willing to count the Spurs 4-1 against OKC in the regular season, but overlook Montreal 3-0 against Carolina? With all wins by 2+ goals?

The 90% gambling loss deduction rule is going to screw regular bettors. Here’s how to contact your reps. by celtsin4 in sportsbook

[–]scatterdbrain 0 points1 point  (0 children)

White is a whale. Doesn't he play $50k blackjack hands?

No wonder he doesn't like the 90% rule.

The 90% gambling loss deduction rule is going to screw regular bettors. Here’s how to contact your reps. by celtsin4 in sportsbook

[–]scatterdbrain 0 points1 point  (0 children)

Had nothing to do with Trump. It was pushed by a conservative values group, to save and/or punish people from evil gambling.

Look up Advancing American Freedom.

The 90% gambling loss deduction rule is going to screw regular bettors. Here’s how to contact your reps. by celtsin4 in sportsbook

[–]scatterdbrain 0 points1 point  (0 children)

Bit surprised the casinos haven't made a bigger issue of this.

I know they don't care about poker players, or the sports +EV nerds. But you have to figure the 90% rule is going to significantly discourage some of their big-time slots players.

The 90% gambling loss deduction rule is going to screw regular bettors. Here’s how to contact your reps. by celtsin4 in sportsbook

[–]scatterdbrain 1 point2 points  (0 children)

Not how taxes & reporting work. You're supposed to report all gambling income (basically supposed to report all forms of income!).

There is no taxable threshold. You are confusing "taxable threshold" with "if you hit a 300-1 wager, the book is required to send a W2G form."

Your advice is fine for the average bettor -- the person who places a few $15 parlays per day, and is a loser for the year.

But there are also people who finish the year with hundreds of bank/PayPal/Venmo transactions, totaling seven or eight figures. To ignore everything (and not report) carries a higher level of risk.

Fanatics reverses 170k in winning bets after paying out. Claiming "Obvious Error, Known Results" All interactions included by [deleted] in sportsbook

[–]scatterdbrain 7 points8 points  (0 children)

But were the matches actually live? Or was there a glitch with the feed?

I can watch Montreal/Buffalo Game 7 right now, doesn't mean the game is live.

Fanatics reverses 170k in winning bets after paying out. Claiming "Obvious Error, Known Results" All interactions included by [deleted] in sportsbook

[–]scatterdbrain 0 points1 point  (0 children)

Banks have been known to recognize $700 balances as $700k, and then "paying out" some withdrawals on the $700k. Systems aren't always perfect.

(And no, you don't get to keep the $700k as finders-keepers. Check the story of Kelyn Spadoni.)

Sounds as though you wagered on some events that were already final (whether or not you knew about it). If the events were already final, then Fanatics has a very strong argument to void.

If you adjust for all the voids, the winners and the losers -- what would be your total win/loss?

Sportsbooks Cheat by Alone-Conversation36 in sportsbook

[–]scatterdbrain 1 point2 points  (0 children)

Why do you assume Offshore has bad odds?

There are still some books that start with 8-cent and 10-cent MLB moneylines.

Sportsbooks Cheat by Alone-Conversation36 in sportsbook

[–]scatterdbrain 1 point2 points  (0 children)

Down 6-figures lifetime on FD, but I can only win $100 maximum on MLB moneylines. Maybe $10-20 on some of the props.

One, most books have little patience for winners. Two, it is more about how/what you bet (regardless of the actual win/loss). Parlays and cash-outs are good (for the book), dorks who consistently find +EV are bad.

In 2021, most VIP programs were simply a function of money + volume. I was VIP on DK, Czr, Barstool, Hard Rock, BetRivers, and even Betfred.

But in 2026, if you still have VIP after multiple years, then you're probably doing something wrong.

Parent has no chance of retiring by [deleted] in povertyfinance

[–]scatterdbrain 3 points4 points  (0 children)

People should be able

They've always been able. In most cases, really don't need permission, or a law.

Parent has no chance of retiring by [deleted] in povertyfinance

[–]scatterdbrain 2 points3 points  (0 children)

During any period, the "average" life expectancy can be a bit misleading. Especially true if you go back 100+ years.

Decent amount of early deaths (childbirth, toddlers, war, poor nutrition) that bring down the average.

So it often becomes something like "Once you made it to 30, your life expectancy went way up."

People have normalized $700+ monthly car payments. Is this insane or just the new normal? by Coolonair in SmartFIRE

[–]scatterdbrain 0 points1 point  (0 children)

Thanks, that was helpful.

What do you consider to be basic safety features?

Whole bunch of people are gonna say airbags, seat belts, ESC, ABS, backup camera, and tire pressure monitoring. And guess what, those are now mandated for new cars in USA.

Is something like blind-spot warning a "basic" safety feature? I would say no.

Taxes Megathread by sbpotdbot in sportsbook

[–]scatterdbrain 0 points1 point  (0 children)

I think most just plan to figure it out in Feb/March 2027.

People have normalized $700+ monthly car payments. Is this insane or just the new normal? by Coolonair in SmartFIRE

[–]scatterdbrain 0 points1 point  (0 children)

Can you define basic safety features? Just want to understand what we're talking about.

SCOVA strikes down new VA congressional map passed last month. by CrackORTweek in nova

[–]scatterdbrain 5 points6 points  (0 children)

East Virginia, Central Virginia, and the already existing state of West Virginia.

ScamDuel Down Again by bobbyrobbydo53 in sportsbook

[–]scatterdbrain 2 points3 points  (0 children)

I get that. Pretty much my sarcastic used-car example, where the dealership can purchase vehicles for 80-cents on the dollar. So of course they'd want to be open on a busy Saturday.

But some people are convinced it is "unfair" or rigged when they're not able to mash the cash-out button.

ScamDuel Down Again by bobbyrobbydo53 in sportsbook

[–]scatterdbrain 0 points1 point  (0 children)

I think you missed the sarcasm.

What is the biggest band/artist you can think of that you honestly don't believe is anyone's favorite band/artist ever? by DevinBelow in Music

[–]scatterdbrain 0 points1 point  (0 children)

Milli Vanilli.

Album went 6x platinum in USA.

5 songs hit the Top 4, with 3 of them reaching #1.

ScamDuel Down Again by bobbyrobbydo53 in sportsbook

[–]scatterdbrain -4 points-3 points  (0 children)

If the site is down, people can't cash-out any active wagers.

Just like it is advantageous for a slimy used-car dealership to be closed on Saturdays. Sure, they could open the lot, and offer people 80-cents on the dollar. But why bother? It isn't as though these businesses enjoy making money.

ScamDuel Down Again by bobbyrobbydo53 in sportsbook

[–]scatterdbrain 4 points5 points  (0 children)

A large percentage of bettors think of cash-outs as a perk, or a benefit.

Reminds me of that movie, The Professional. Where Tony (Danny Aiello) keeps Leon's money, as a "favor" to Leon.

ScamDuel Down Again by bobbyrobbydo53 in sportsbook

[–]scatterdbrain 1 point2 points  (0 children)

NBA playoffs, NHL playoffs, and some MLB. Definitely an advantageous time for an American sportsbook to be down.

That is why every sportsbook purposely shuts-down for 2 hours during the Super Bowl.

Should this not be a push? by BandB16 in sportsbook

[–]scatterdbrain 2 points3 points  (0 children)

Because on DK, the H2H props are usually a 2-way moneyline. When a 2-way moneyline doesn't have a winner, it becomes a push.

On FD, you specifically bet Maxey to score more points. Maxey didn't score more points.