Vegas sportsbooks separate on refunding DJ bets –

Apr 7, 2017

  • CloseESPN Senior Writer
    •’s sports business contributor given 2012; formerly during ESPN from 2000-06
    • Appears on SportsCenter, ESPN Radio, and with ABC News
    • Formerly worked as researcher during CNBC
  • CloseESPN Staff Writer
    • Joined ESPN in 2014
    • Journalist covering gambling attention given 2008

Dustin Johnson walked to a initial tee during Augusta National on Thursday. The fact that he pulled out of a Masters though ever teeing off resulted in some gamblers removing their income behind and others losing it possibly way.

Among a Las Vegas sportsbooks refunding income — holding a faith that a gamble is off if a golfer doesn’t play — are Westgate, South Point, Wynn, Golden Nugget and Station Casinos.

Others, including MGM, Boyd Gaming, Caesars, CG Tech and William Hill (the largest Nevada sportsbook user in terms of series of sportsbooks and marketplace share), told bettors that Johnson’s miss of a singular cadence in a year’s initial vital championship still formula in a mislaid futures bet.

More income was gamble on Johnson to win this year’s Masters than any other golfer during mixed Las Vegas sportsbooks.

DJ’s unpleasant departure

Dustin Johnson’s hapless collision really, unequivocally hurt, generally given a universe No. 1 came into a Masters on a best winning strain of his life.

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  • D. Johnson walks off tee, pulls out of Masters

    World No. 1 Dustin Johnson, after descending and injuring his back, motionless not to play in a Masters usually before his first-round tee time.

  • “It has always been a box for us,” orator Michael Grodsky of William Hill, that operates 108 sportsbooks in a state, pronounced of a policy. “We had it for years when Tiger [Woods] didn’t breeze adult playing, and it’s not usually golf. When Ole Miss got their play anathema [in February], that didn’t meant that anyone who gamble on Mississippi got their income back.”

    Grodsky pronounced those who gamble on Johnson on a column or a matchup would get their income back.

    But a destiny bets are where a large income is wagered, and there’s no debate as distant as those books are concerned. Future gamble wagers note that “all bets are action” regardless of possibly a golfer plays.

    Grodsky pronounced Johnson, Rory McIlroy and Jason Day any garnered 7 percent of his sportsbook’s destiny bets on a Masters. Only Jordan Spieth had some-more (11 percent).

    “It’s a risk we take,” MGM partner sportsbook manager Jeff Stonebeck said. “If it’s a weekly tournament, it’s some-more expected that a sportsbook will lapse a bettor’s money.”

    For some, it’s a patron use issue.

    The Race Sports Book during Wynn is giving behind income to people who gamble on Johnson. It does not, however, give behind income to those who gamble on Kentucky Derby horses if they don’t race.

    “Under normal circumstances, we wouldn’t give behind a money, though for a final integrate years, for a majors, we’ve motionless to give behind a income if a golfer doesn’t tee off,” pronounced Johnny Avello, who runs that book. “It turns out to be such a con not to do a reinstate since for a subsequent 3 months all we hear from those business is about a income they lost.”

    Because of a heated foe for bettors’ money, many of a online sportsbooks need a golfer to indeed tee off for it to be deliberate action. That’s because anyone who gamble on Johnson on sites like Pinnacle and Bovada is removing income returned.

    For many Las Vegas sportsbooks, a feeling is that income can’t be returned after so most time invested in holding bets.

    “For us, when a tip man doesn’t play, it has a outrageous impact on a contingency of a other players,” Boyd Gaming’s Bob Scucci said. “We’re putting adult futures months and months in advance.”

    When news pennyless of Johnson’s tumble Wednesday, a universe No. 1 went from being a accord favorite to descending next Spieth and McIlroy when those players teed off Thursday.

    Johnson pulled out of a contest shortly before teeing off Thursday afternoon, after descending down a staircase and injuring his behind during his let home a day before.

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