Home » Sporting Index losing NZ$59 000 to Bad Maths
Sporting Index losing NZ$59 000 to Bad Maths
Recently updated on July 16th, 2018
In the run-up to Sunday’s final, some UK bookmakers were a little too optimistic about goals. One bookie, Sporting Index, overestimated the amount of disallowed goals during the FIFA World Cup. This estimation was eventually exploited by one player, and the sportsbook is now liable for US$40 000(NZ$59 000) in losses. This ‘bad call’ was an over/under line of 22.5, which never budged despite only one disallowed goal in the first 20 games.
This gambler was in line to win US$2600 (NZ$3837) for every non-goal on the 22.5 line. In 60 games, this has happened only seven times. This means that the bettor will earn up to US$40 000 (NZ$59 000) after the World Cup final. Since the novelty bet was not changed by Sporting Index, they are now expected to pay out.
Sporting Index Suffers Minor Loss
During the 2018 FIFA World Cup, a few UK bookmakers were facing some big payouts for betting against England. Sporting Index was just one of these sportsbooks to offer high odds against the three lions. However, when they made it through to the semi-finals, bookies quickly changed the odds. Sadly, England lost to Croatia in the semi-finals and lost the chance at their first World Cup win since 1966. They also lost third place to Belgium on Saturday.
Their loss, of course, is great news for sportsbooks. Even with odds of four to one, payouts could have been high with so many bets on England. At the start of the finals, it seemed like they would go all the way and bookmakers were set to lose millions. Luckily, this year’s unpredictable tournament ended with a good, clean match.
France Takes Home Trophy
On Sunday, France beat Croatia after the former defied the odds against them. This was the first time in 20 years that the Croatian football team made it through to the final. France’s win was also the first in 20 years. So, the 2018 World Cup has definitely been one for the history books. Aside from the finals, it was also the first time the cup had been hosted on two continents. Russia also defied the odds for going through to the quarterfinals. Here’s hoping the 2022 FIFA World Cup in Qatar will live up to this year’s reputation.
Taralynn Engels is a seasoned casino news writer with a passion for keeping her readers up-to-date with the latest happenings in the gambling industry. With over five years of professional writing experience, Taralynn has developed a deep understanding of the casino industry and a knack for delivering engaging and informative content. Aside from her in-depth knowledge of the casino industry, Taralynn possesses excellent writing skills that allow her to craft captivating narratives that keep readers hooked until the last word. Her ability to simplify complex concepts and present them in an accessible manner guarantees that her articles are enjoyed by both seasoned casino enthusiasts and newcomers alike.
Recently updated on March 28th, 2019An Australian man has missed out on a NZ$73 million jackpot due to a time zone error. The man was betting on the US Mega Millions Lottery jackpot through Lottoland. It looked like he had hit the jackpot and was set to win a life-changing amount of money. However, due […]
Recently updated on April 26th, 2019Rockabilly Wolves is Microgaming’s latest pokie release set to fire up the online casino scene. Microgaming creates a time capsule in Rockabilly Wolves taking us back to the 50’s. The pokie has an undeniably rogue cool. The wolves with the perfectly coiffed manes and blazing backdrop show that this is […]
Recently updated on March 26th, 2018On 24 March, the Esports Arena Las Vegas opened its doors at the MGM Luxor. The ‘invite-only’ grand opening was live-streamed on the popular Twitch platform. Twitch is used by many professional gamers while playing popular titles online. Their first tournament event launched on Saturday and ended on Sunday, where […]
Recently updated on January 26th, 2018Gambling laws in Brazil have been pending for years, with different bills being stalled in federal talks. This week, the Tourism Committee has called for Brazilian casinos to be legalised to boost tourist revenues. Paulo Azi, Federal Deputy for the organisation, spoke to local news outlets after launching the electronic […]
Recently updated on January 4th, 2018The Dutch Council of State has ruled against punishing payment service providers offering their options online at illegal casinos. As a result, the Gaming Authority may no longer go after service providers in the Netherlands. Unlicensed iGaming operators may still be investigated, but online banking services will be protected by […]