How Bookies Ensure Cash Flows In Even During Off Season

Written by:
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Published on:
Apr/06/2017

Dustin Johnson is out of the 2017 Masters due to a back injury following a tumble down an Augusta staircase Wednesday evening.

BetOnline

Johnson entered this tournament as a favorite to win the major tournament.  As such he was likely the most wagered on of this year’s competitors.

His withdrawal isn’t grounds for casinos to legally be forced to refund money to bettors.  And this is the case for online sportsbooks as well. 

Dave Mason of BetOnline, however, advised Thursday that his online sportsbook will be refunding all bets on Johnson.

- Mary Montgomery, Gambling911.com

Business/Financial News

Odds on Tariffs - Betting Markets

Facing a global market meltdown, Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised the tax rate on Chinese imports to 125%.

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