You are here: Home / Online Sportsbook Pays Out $500K on Formula One Winner

Online Sportsbook Pays Out $500K on Formula One Winner

Costa Rica's oldest online sportsbook, BetCRIS.com, has paid out just over $500,000 in Formula One bets while other books are reportedly disputing the outcome. 

The payments were made following a win by huge underdogs Brawn GP.

Brawn GP was formed on 6 March 2009 when it was confirmed that Ross Brawn, the former technical director for the Honda Racing F1 Team, Ferrari and Benetton, had bought the team from Honda.

The controversy over payments comes as a result of the Brawn GP team using a new car that provided them with a huge edge.  Many of the online bookmakers, including BetCRIS.com, were caught off guard.

"The initial payout odds were set at +10000 where a $1 bet would pay out $1000," a BetCRIS.com spokesperson told Gambling911.com. 

BetCRIS.com confirmed to Gambling911 that a number of small, and some medium sized, bets were placed on the Brawn GP team.

Some online sportsbooks are refusing to pay, claiming gamblers had "insider knowledge" of the new car model.

On 18 October 2009, at the Brazilian Grand Prix, Jensen Button clinched the 2009 Drivers' Title on his debut season for Brawn GP.

Christopher Costigan, Gambling911.com Publisher 

Category: , , , ,

betus
sbgglobal


Play online poker with thousands of real people for FREE


 sportsbetting





Hollywood Sportsbook
Sportsinteraction

Sports News

  • Liverpool v. Manchester United
    Liverpool v. Manchester United: Man Back On Top
    The much anticipated Liverpool v. Manchester United resulted in a 2-1 win by Manchester, which places them back on top of the Premiere League standings.
  • Northern Iowa
    Northern Iowa, St. Mary’s: NCAA Odds Would Pay $25K Plus
    With both Northern Iowa and St. Mary’s knocking off their much higher seeded opponents, many gamblers were wondering what the payouts would be if either team were to somehow win the 2010 NCAA Men’s Basketball Championship.
  • 2010 NCAA Men's Basketball Tournament Odds
    2010 NCAA Men’s Basketball Tournament Odds (Sunday)
    betED.com has released 2010 NCAA Men’s Basketball Tournament odds for Sunday’s slate of games
  • NCAA Tournament Odds Wake Forest vs. Kentucky
    NCAA Tournament Odds: Wake Forest vs. Kentucky
    NCAA Tournament Odds for Wake Forest vs. Kentucky were available at SBG Global (see website here). The line on this game had Kentucky as the -9 point favorite and a total of 142.5. This game goes off Saturday, 8:20 pm Eastern - CBS
  • 2010 NCAA Basketball Tournament Odds
    2010 NCAA Basketball Tournament Odds (Saturday)
    Unlike Thursday, nearly all the top-seeded teams got the job done with only a few exceptions as of press time. 2010 NCAA Basketball Tournament odds were available from SportsInteraction.com for Saturday’s games.
  • March Madness Betting 2010
    March Madness Betting 2010: To Bet Higher Seeds Or Not To Bet
    In the final sector of first round games of March Madness 2010, five teams with seeds five or higher are in action. Just five years ago or slightly more, the higher seeds were strictly play against when it came to March Madness betting, as oddsmakers loaded the points on the chalk, trying to bait the public into paying dearly for heavy favorites.

User login