ESPN Bet launched at the beginning of November and it's
having some success within its first month out, but
there is a house rule that bets absolutely hate and
it, and it costs one be some good coins
. So, Eric Richter is the New York Post
betting analyst and he's going to talk about the rule
and what ESPN is gonna plan to do about it
? Uh Eric, let's jump right into this man
. Well, thank you for joining us in your
article. You wrote ESPN Bet has one of the
worst house rules in sports betting industry. What's the
rule? And why does it suck so bad?
So, uh, yeah, this is a terrible
rule by, uh, by ESPN Bed and you
know, it kind of just shows how new they
are to the industry and it kind of shows,
you know that they, uh aren't quite at the
level of a drafts or a fal yet. And
, and basically what happened here is this is the
same game Parlay. It has five legs, four
of which are player props, one of them was
Eagles minus three. The four player props hit Eagles
minus three was a push. So, they pushed
the entire bet, they just give you your bet
back. And the reason that this is bad for
betters is because if, if any of those legs
were to lose, ESPN B would say thanks for
the thanks for the cheddar and uh see you later
. Um which is just, that's just a terrible
rule. Now, in the past, there are
some other sports books have done this. Draft Kings
actually had this several years ago, but ESP but
Draft Kings would actually give you your bet back if
there was a losing wager. So there's, it
was at least fair and consistent. There is no
consistency with this. Uh Here from ESPN, it's
a major problem and uh you know, ESPN is
like a, like a little kid right now,
like, you know, if you want to play
with the adults, you have to act like an
adult. Well, you know, if you're acting
like a kid, you're gonna be treated like a
kid and, you know, Bed MGM has similar
rules and Bed MGM doesn't do too well. So
I would say that ESPN bet gonna need to fix
this before. I'd be pissed on that. Especially
when you're talking parleys and you talked about what some
of the other sports books have kind of done.
Do you see ESPN kind of making this change to
the rule and keeping up with the Joneses? You
know, they, they need to, uh but
, you know, I, I requested comment a
couple of times, uh, from ESPN Bet and
I was left on Reed. Um, you know
, and I, I know that they saw it
and I know that some other people, uh,
had reached out to me but, you know,
no one at ESPN Bet really wanted to talk about
it. Um, so I don't know, they're
reviewing it right now, but I mean, I
could tell you this draftkings and fanduel, they will
re grade your parlay if there is a voided,
um, a voided wager in there. Um,
again, old house rules say differently, but this
is just an old rule that Penn National, the
company that runs ESPN sports book is still running with
. Um, and this is, you know,
they gotta keep up, you know, they need
a 20% market share. Um, ESPN bet does
in order for the pen ESPN deal to come to
fruition and, and be considered a success. 73%
of the market is controlled by draftkings and fanduel.
So ESPN it's gonna have to really, you know
, change the rules as like an adult in order
to get to the point where they can actually,
you know, be successful and have a 20% market
share and, you know, they had like less
than 3% when it was Barstool sports book. That's
a major problem and they have a lot of ground
to cover and this isn't exactly how you do it
. All right. They're the new kid on the
block. So let's see what they do going forward
. Eric Richter. Thanks for joining us, my
man. Appreciate your bill.