AI Overview
In September 2023, FanDuel experienced an estimated $20 million loss due to a popular, house-made parlay promotion where all 12 afternoon NFL teams in the Week 2 Sunday slate successfully kicked at least one field goal. The bet was a rare occurrence, with one report noting it had only hit once in the previous 54 years.
Great, a one shot deal involving a high payout parlay that only hit once every 50 years hit. And they still made plenty of money on other bets that didn’t involve the parlay, and still turned a profit. Honestly that proves my point. Those once in a lifetime parlays make for the occasional “house doesn’t win” headline, but how much money did they make on similar parlays leading up to that, and the next week once everybody saw that headline and bunch of people who would normally not touch those parlays bet on them?
The house ALWAYS wins. If something goofy happens and they don’t win on THAT bet THAT week, they still win on everything else and are fine.