Chicago Man Devastated After BetMGM Cancels Winning $389k Bet

  • BetMGM canceled the bet due to “obvious error of incorrect or inflated odds”
  • The military veteran placed four $500 bets on an NBA game on March 2
  • He has reported the matter to the Illinois Gaming Board as he wants answers
BetMGM building
A Chicago man has questioned why BetMGM cancelled this $389,000 winning wager due to the operator’s mistake. [Image: Shutterstock.com]

A man in Chicago recently thought he had won a life-changing bet that would allow him to pay for his daughter’s college tuition. The joy was short-lived after BetMGM informed him that the winning $389,000 wager was, in fact, void due to “obvious error of incorrect or inflated odds per the house rules.”

overall odds amounting to +35000

Mark Aiello, a military veteran living in the Chicago suburbs, is a casual sports bettor, enjoying having a little skin in the game when watching basketball. He placed four bets on March 2 relating to a game between the Chicago Bulls and Indiana Pacers, each worth $500. He was trying to predict the assists and rebounds of different players, with the overall odds amounting to +35000.

The result went his way and he was “incredibly excited,” as he was thinking about how the money would help his daughter. After logging into BetMGM, he thought it looked strange as the wagers were in grey, with the operator canceling them only minutes before the game.

The operator had reviewed one of the bets before he placed it and gave it the green light. When Aiello tried asking what the future odds should have been to try to salvage something for his wager, he never got an answer. The veteran has now filed a complaint with the Illinois Gaming Board and says the whole experience has put him off betting.

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