Sportsbooks lose millions on Draymond Green’s early exit with calf injury

Draymond Green’s seven-second performance on Sunday sparked controversy in the betting community and prompted a bookie to delay payouts until he investigated the flurry of prop bets that were placed just before the whistleblower.

Green felt a strain on his lower calf during the warm-up, but wanted to start the Golden State Warriors’ home game against the Cleveland Cavaliers on Sunday in honor of Klay Thompson’s return.

At 8:31 p.m. ET, the official Warriors public relations Twitter feed indicated that Green would be on the pitch for a whistleblower but would not participate in the remainder of the game due to the calf issue. Thompson was playing his first game since injuring the ACL in the 2019 NBA Finals.

The game began at 8:40 pm Green played for seven seconds, committing a foul and leaving the game. He did not come back and finished with 0 points, 0 rebounds and 0 assists.

As soon as news of Green’s plan broke – the Athletic also tweeted the information around 8:31 p.m. – punters rushed to get bets on the underside, for example, Green’s point total (7.5 ), rebounds (8.5) and assists (8.5), before sports betting knocked the markets out of the picture. FanDuel withdrew the green accessories from its offerings minutes after seeing The Athletic’s report.

“Draymond Green’s situation was unique, but our sales team is keeping an eye on games and reporting,” Kevin Hennessy, publicity manager for FanDuel, told ESPN.

Other books did not respond as quickly and punters took advantage.

Some punters placed multiple bets on Green which resulted in long odds and six-figure payouts. Liability on Green under props combined through sports betting has climbed into seven digits.

Several books, including FanDuel, Caesars, BetMGM, and PointsBet, quickly paid off the subbets on Green as winners. DraftKings, however, suspended payment while it investigated the situation and attempted to determine whether bets placed after Green’s playing time was announced were for a “known event,” which would violate house rules.

DraftKings released a statement Monday night saying that bets on Green in the Cavaliers-Warriors game were “under review and betting regulations are currently on hold pending investigation.”

As the outcry from punters on social media escalated on Tuesday, DraftKings announced it was ranking Green under bets as winners and issuing cash refunds on all excessive bets.

“Customers will see settlement and credit occur by the end of the day,” a DraftKings spokesperson said in a statement Tuesday.

Industry sources have estimated that DraftKings paid over $ 1 million on green props, with payouts in the sports betting market estimated to be in the millions. The majority of the blame came from bets placed in the last 10 minutes before the start of the match.

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