Large amounts of money were bet into exotic pools at Thoroughbred and Standardbred tracks across the US due to a possible “glitch” in the FanDuel Racing account wagering system, leading to concerns about potential fraud and prompting an investigation by regulatory authorities and the Thoroughbred Racing Protective Bureau.
– Large amounts of money were bet into exotic pools at Thoroughbred and Standardbred tracks due to a glitch in the FanDuel Racing account wagering system
– FanDuel Racing put out a statement saying they had identified technical issues and potential fraud related to wagering pools and took appropriate steps to stop wagering
– The Thoroughbred Racing Protective Bureau is actively looking at the occurrences on behalf of regulator and racetrack clients who are involved
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FanDuel Racing has been under scrutiny as concerns have been raised about a potential glitch in its wagering system, resulting in a flurry of unusually high bets. This loophole allowed customers to place combination bets at a fraction of the actual cost due to the erroneous debiting of base wager amounts. Horse Racing Nation’s Ed DeRosa provided further insight into the matter, revealing details from a now-suspended customer’s screen shots that showed how individuals were able to exploit the system anonymously. DeRosa also pointed out that not just one, but multiple races across different tracks were impacted by this technical failing.
The extent of the issue was evident as horseplayers took to social media to discuss the abnormal betting patterns. Churchill Downs, Finger Lakes, and Mahoning Valley were among the Thoroughbred tracks affected, with outsized handles reported at Standardbred tracks as well. Superfecta and trifecta pools were particularly targeted, with the use of the ‘all’ button greatly impacting the abnormal wagers. While speculation initially abounded regarding the astronomical bets, theories of money laundering and computer-robotic wagers circulated, until FanDuel Racing finally acknowledged the situation and temporarily stopped wagering via its platform.
Law enforcement and regulators are now involved. TDN received responses from FanDuel and regulatory authorities stating that a full review was underway and appropriate measures were being taken. The Thoroughbred Racing Protective Bureau (TRPB) is actively involved and carrying out investigations, ensuring integrity and security within the sport. As more details emerge and investigations ongoing, it is still unclear how much money was lost and the full impact this technical glitch has had on the industry as a whole. The repercussions of such a system failure require a thorough examination to prevent future vulnerabilities.
