DraftKings Dead Heat Reduction Rule Used for Weekend's Golf Bet, Walks Back Surcharge
DraftKings has opted to settle one golf bet from this past weekend using Dead Heat Reduction rules due to a tie for the same winning position.
"We are writing in regards to the bet(s) you placed on this past weekends golf tournament(s).
"Since two or more golfers tied for the same winning position, your bet(s) was settled using Dead Heat Reduction rules. A "Dead Heat Reduction" is calculated by dividing the odds proportionally among the number of winners for a particular position (i.e. finishing place) in the event. Since this calculation resulted in a payout less than your wager, we are issuing you a bonus bet for the amount of your wager as a one-time courtesy."
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"We offer Top Finish Markets Including Ties, which are not subject to Dead Heat Reduction rules and pay out according to the odds at bet placement regardless of there being a tie. These are located in the Tournament page pre-match and live.
DraftKings referred to a specific article dealing with Dead Heat Reduction settlement.
In other DraftKings news, the company has opted to back off from offering a controversial gambling surcharge in four states following a public uproar, not to mention none of its competition planned to follow suit.
"We always listen to our customers and after hearing their feedback we have decided not to move forward with the gaming tax surcharge. We are always committed to delivering the best value in the industry to our loyal customers."
One small problem: DraftKings presented this concept to shareholders without asking for customer feedback.
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