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it seems that errors are not uncommon and when they are "obvious" they typically void the contract. not sure why people are freaking out here. if you logged int
by modzu 8y ago
it seems that errors are not uncommon and when they are "obvious" they typically void the contract. not sure why people are freaking out here. if you logged into your bank account and saw an extra zero that was caused by a temporary CSS bug, do you really think you are entitled to it?
- ticmasta 8y agoIf I remember my contract law, you're not 100% correct. Errors in the contract can be used as cause for severability or termination in some rare cases, but errors in execution are generally not. They're one of the reasons we have contracts in the first place. It is perfectly acceptable to sign a contract that in hindsight was one-sided. It's the pre-execution that requires mutual benefit. Otherwise every gambling wager could be challenged after the fact as mathematically the deal is biased to allow the book to arbitrage a wager!
- modzu 8y agomaybe i should not have used the phrase "void"; in this case the contract includes a clause that says, "where a blatant or palpable error is made in... prices offered... bets may be settled at the correct price at the time at which the bet was placed". so more accurately, the incorrect price is voided
- modzu 8y agoi think the issue here is that in some states, there is an authority that needs to determine whether the price was an error, and that it cannot be at the sole discretion of the sportsbook?