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I’m not sure that many, if any, land-based slot machines offer payback this low. 84% RTP shouldn’t even be in existence for an online slot.
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Though Hoskins did register a single, the Phils dropped a 7-6 decision. But the bet wasn’t a complete flop, because Kevin had secured a little insurance. Every homer hit during the game bought him back $5 of his original investment. Since the Cards slugged five dingers in their win, Kevin was only out the $2.50 “vig,” a 10 percent penalty paid on losing bets. No wonder he was so nonchalant about the loss.
“From a marketing perspective, this is a gateway to lure avid sports fans into becoming more regular gamblers,” says Rick Horrow, chairman of Horrow Sports Ventures and a visiting expert on sports business at Harvard Law School. “The idea of presenting free bets and bonuses may cut into revenues in the short term, but it adds to the possibility that people will become gamblers long-term.”
As a high-profile company, DraftKings has been involved in a couple of publicized incidents related to payouts — including one in January, when it took a full day to settle prop bets made by gamblers who pounced on news about Draymond Green’s playing status. DraftKings eventually paid the rightful winners in the Green situation, but not before stirring up angst among some bettors.