WOW! BETTING LINE TYPO COSTS BETMGM BIGTIME ON NFL PROP!

By Skip Charles and the Associated Press

A typo in a betting line on a Cleveland Browns-Kansas City Chiefs playoff game in January led to a $10,500 windfall for nine bettors.

The error was revealed last week by the New Jersey Division of Gaming Enforcement, which fined BetMGM.com $500 for failing to properly display the odds on a betting market.

It involved the Jan. 17 game, specifically a so-called proposition or “player prop” bet on the game performance of the two quarterbacks, Cleveland’s Baker Mayfield and Kansas City’s Patrick Mahomes.

In documents released by the state, it was revealed that BetMGM intended to offer bets on whether Mayfield and Mahomes would each pass for 300 or more yards in the game.

But due to a manual error in posting the bet, the “3” was dropped, and bettors were given the option of betting on whether the two quarterbacks would pass for “00” yards or more during the game.

If either quarterback completed just one pass for just one yard, the bet would have been a winner. The pair combined for 459 passing yards.

Five customers of BetMGM pounced on it, as did four on Borgata Online before the odds were corrected. Borgata is owned by MGM Resorts International.

According to state documents, MGM reported the error to the gaming enforcement division and sought permission to void the bets on the basis that the odds were improperly calculated.

The state responded that the bets could not be canceled until after an investigation. That same day, the company decided to let the bets stand and to pay them off; BetMGM confirmed Thursday it had paid the bettors.

Ironically, one of BetMGM’s main enticements for new customers is a no-brainer bet, one designed to be so easy to win that it’s almost a given. A typical incentive would be a $100 payoff on a $1 bet if a customer’s chosen team scores a single point in the game.

It was not the first time a technical error led to an unexpected payout for sharp-eyed bettors.

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