Despite the Penn State University football team losing 36-35 to Indiana University, an online sportsbook will refund wagers to anyone who bet on the Penn State money line.
The Nittany Lions lost in overtime to the Hoosiers Saturday when Indiana’s quarterback Michael Penix Jr. scored a two-point conversion to seal the deal. But several different angles of the play showed that the ball was out of bounds before Penix crossed the goal line.
Indiana tied the game with just 22 seconds to go in the game and sent the game into an extra period. Penn State scored a touchdown on its first drive and Indiana answered with a touchdown of its own. Instead of tying the game with an extra point, the Hoosiers went for two and won by a single point.
The play was reviewed, but since the ruling on the field was that it was a good score, there was not enough evidence to overturn the call.
According to a report from Sports Illustrated, DraftKings saw those replays and decided to refund anyone who bet on the Penn State money line. The Boston-based sportsbook and daily fantasy sports company will not refund wagers on the spread, which had Penn State as six-point favorites.
“We are refunding ML (money line) bets on Penn State from yesterday,” a DraftKings spokesman confirmed with SI in an email on Sunday. “Bettors should see the money in their accounts at some point on Sunday.”
It’s not a completely unprecedented move for a sportsbook to refund money, but it is an incredibly rare occurrence. Action Network’s Darren Rovell said that this is being used as an informal “bad beat’ insurance.
No other sportsbook has announced it will issue a refund on this game and it was not reported how much money DraftKings will be returning.
Copyright © 2001-2024
CardPlayer.com. All rights reserved.
