The Bear Growls, the Stratosphere welches

[Kasi]

Does the casino even get to keep the money?

Yes they do.

 

[LV Bear]

When he bought the ticket he entered into a contract with them that was clearly printed on the back of the ticket.

A bettor does not see the ticket and the fine print on the back of it until after the bet has been made and the "contract" has been entered into.

Ethical sportsbooks routinely cash tickets that are past the "expiration" date. The applicable Gaming regulation does not mandate the refusal to pay; it just give a casino a chance at a free shot. There is nothing unusual about a sportsbettor not cashing a ticket within sixty days; it is a very short period of time in this context.

 

[shadroch]

Yes they do.

Where did you find this out? I looked and found no answers to what should be a pretty common situation. I found out what happens in several other states,but couldn't find Nevada rules anywhere.

 

[Kasi]

Where did you find this out? I looked and found no answers to what should be a pretty common situation. I found out what happens in several other states,but couldn't find Nevada rules anywhere.

Well, you got me curious so I just e-mailed them.

They seemed to say the only thing required was exp date be at least 30 days and that casinos take back to revenue any expired tix after 60 days.

If you don't mind me asking, what happens in other states?

 

[LV Bear]

Nevada Gaming regulation 22.080 paragraph 3

22.080 Payment of winning wagers. ...

3. Books shall honor winning betting tickets for 30 days after the conclusion of the event wagered upon unless a longer period is established by the book. The book shall state the redemption period on each betting ticket, in house rules and on notices conspicuously placed about the licensed premises. ...

http://gaming.nv.gov/stats_regs/reg22.pdf (Archive copy)

I am unable to enter the Stratosphere sportsbook to see if there are notices conspicuously placed about the licensed premises. I doubt if there are; I have never seen such notices posted in any book. The wording of the regulation suggests that small print in a single sign containing house rules is insufficient notice to permit refusal of payment.

If you don't mind me asking, what happens in other states?

Other states do not have sports books.

 

[Doofus]

I am unable to enter the Stratosphere sportsbook to see

Ah hah - I can see where some of the animus against the Stratosphere comes from!

My take on all of this is - yes a casino should honor a bet, but frankly, when one is betting a thousand bucks on a football game, one should be a bit more conscious about cashing a winning ticket. Unless a thousand bucks to the Wizard means the same as a $10 bet to me, which might well be the case.

 

[Knox]

I don't feel too sorry for the guy either. You should at least read the terms when you win the bet. That's his own fault. A casino being ethical? Come on, how naive are we here?