jsearles22, with all due respect, your analogy is off base here. In your Druff hypothetical, both you and your opponent have a clear understanding of the bet's TERMS. Your opponent does not have a mistaken understanding of the bet's TERMS, he just has a mistaken understanding about something that will affect the outcome. This is akin to betting on the Colts winning (last season) not knowing Peyton Manning will not play. As long as my opponent and I both understand that the bet is about whether or not the Colts win, then there is no problem.
The difference in THIS case is that Vegas had a different understanding of the bet's TERMS than you. (as is evident from the posts in this thread, Vegas's view is the more popular, perhaps more reasonable, view). If you took this bet suspecting that Vegas had a different understanding of its TERMS, and instead of clarifying those terms, you decided to use the misunderstanding to your advantage, then that is some shady shit right there.






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