By now, you may have already read about it.
A young Victorian punter, at the ripe old age of 20, has nailed a stunning multi with an ultimate pay-out of $147,456 from his $36 outlay.
The only problem is, TAB doesn’t want to pay him out.
Jonathan Simon went national on Friday when he spoke to News Limited about his tale of joy… then woe.
While at a bar with friends a few days before the AFL and NRL Grand Finals in 2017, he used a TAB betting terminal to multi up Dustin Martin winning the Norm Smith Medal, into Billy Slater to win the Clive Churchill medal — correctly assuming the two stars would dominate the two grand finals.
The odds for the feat he was able to extract from the machine were $4096/1.
Simon, a maths phenom that could end up topping Albert Einstein if News Limited‘s glowing praise is to be believed, was clever enough to combine two different markets that essentially provided the same odds on the same result.
- Martin/Slater @ $32/1
- Slater/Martin @ $32/1
- Martin to win Norm Smith @ $4/1
So, immediately, you can see why the TAB are putting up a fight.
The state bookmaker has argued that the odds have been skewed in error and against their terms and conditions and therefore is an invalid bet.
But, Simon argues it’s not as cut and dry as they make out.
“The TAB had separate specials on the AFL and NRL best on ground awards as a multi, so each leg had a different bet contingency number,” he told News.
So after being initially denied by the TAB in October of last year, Simon decided to fight his case and hire his own lawyer in an effort to win his $147,456.
This is where things get interesting.
In an attempt to either make the issue go away or avoid bad press, the TAB made two offers to Simon. The first being $1,152 and then later, $5000 — both of which Simon has rejected.
“It’s a matter of principle, I don’t like to be wronged,” Simon said.
Simon, it’s almost $150,000 — don’t pretend it’s about principle, please.
Should the TAB pay Jonathan Simon out on his multi?
This case is heading to court.
Simon and his lawyers have filed a complaint with the Victorian Commission for Gambling and Liquor Regulation and its investigation is under way. We suspect that both parties will take this all the way from here.
So, who do we side with?
Non-surprisingly, we’re with the punter.
Those that have used a TAB terminal machine before will know that it will automatically invalidate your bet before you even get a chance to make your wager, if you have skewed the odds with conflicting markets.
In this case, the terminal was unable to rule the bet invalid before Simon made his bet. Once Simon places his bet, he should be entitled to the winnings it grants, just as the TAB would be entitled to keep his money if he lost.
The TAB, which for its own reasons ran two separate specials on the exact same market, have been caught out by a clever kid.
This is a case we’ll watch with interest.
Latest Tabcorp betting news
Tabcorp staring at 32% revenue hit due to coronavirus crisis
Tabcorp has told the ASX that the firm could lose 32% of revenue during the coronavirus lockdown.
Tabcorp half-year report shows big dip in gaming & wagering
Both digital and retail betting took a hit in the back half of 2019, while gaming turnover went into freefall.
The 2019 Betting Year In Review: Big Winners & Distraught Losers
Tabcorp has released its 2019 punting list of hits and misses, and there are some huge bets, uncanny multi “hail mary” bets, and misses that...
Pro punter wants rebates for all gamblers in national tote
Several big names in Australian gambling are sceptical about Tabcorp's plans for a national tote pool.
Tabcorp unveils plans to introduce national tote in 2020
Tabcorp believes a national pool will create "better depth and less volatility" in tote betting markets.
Week of the Punt: Sporting world shuts down for COVID-19
Hawthorn vs Brisbane Lions AFL Round 1 betting tips
Week on the Punt: AFL & NRL to proceed despite coronavirus
GWS Giants vs Geelong AFL Round 1 betting predictions
Western Bulldogs vs Collingwood AFL Round 1 betting odds
Richmond vs Carlton AFL Round 1 betting tips
AFL Round 1 betting news, match odds & market update
Week on the Punt: Romero eyeing off Adesanya’s UFC title