Gambling sites refuse to call election for Biden, leaving $600 million in limbo

New York Post ^ | November 13, 2020 | Michael Kaplan

[CheshireTheCat]

President Trump is not the only one who adamantly refuses to credit Joe Biden with winning the 2020 presidential election.

Honchos at online gambling sites around the world, which take wagers on election outcomes, are also refusing to call Biden president-elect, despite the final tallies in his favor in what’s been called a historically secure election. Now, millions of dollars in gamblers’ wins and losses hang in the balance.

At one site alone, London-based Betfair, nearly $600 million in presidential wagers are hanging tight...

It’s also not like a football game in terms of money that has been wagered. Burns said his site brought in a seven-figure total for this election. Others brought in similar totals....“If Biden comes in, it’s a big win for us,” he said, explaining that the site’s customers favored Trump. “If Trump is declared the winner, we will take a bath. It will not be a happy day here.”

[Mr. Blond]

Gamblers more honest than media.

[Jemian]

I invested on Predict It. I am willing to wait.

[MNDude]

They better not! I know Trunp will still win.

[GreyFriar]

I concur. And find it interesting when bookies become more believable than election officials and the American electoral system.

[edie1960]

May the Gamblers’ instincts literally pay off!!!

Otherwise, we’re all going to lose our shirts—and so much more!!

[sergeantdave]

“...despite the final tallies in his favor in what’s been called a historically secure election.”

Called by whom? What Michael (AKA Lord Haw Haw) Kaplan is really saying: The Nazi Soros check has cleared.

[KarlInOhio]

Didn't one gambling house pay off for Hillary prematurely? Sucks to have to pay off both sides.

[OrangeHoof]

LOL What John Dillinger called a “historically secure bank”.

[Seruzawa]

Lol. Gambling sites are less crooked that NYT, WaPo, CNN, etc etc ad nauseum.

[sbnsd]

There was a more detailed article linked at http://www.freerepublic.com/focus/f-chat/3904950/posts

Gamblers know something happened.

[cornfedcowboy]

I am curious about the fine print. Maybe after the electoral college votes? Whoever is in office Jan 20th? Interesting.

[cgbg]

I think the mass media should dig deep into their pockets and pay off the Biden bets!

[GenXteacher]

Hopefully the mob puts out some contracts on some of the Democrats who fixed the election.

[Eccl 10:2]

What are the current odds?

Or are they frozen and not taking any more bets?

[cgbg]

Omigod you have a point—this is like a fixed sporting event.

This adds another level of craziness to an already insane situation.

[babble-on]

I did figure that the punters were favoring Trump. The betting odds were always so much more Trump-friendly than the polls.

[edie1960]

Thanks for the link.

Praying that TPTB wake up and realize what the odds makers have known that PDJT has been robbed—and do something before it really is too late!!

Thanks again.

[SaxxonWoods]

Gambling sites, like casinos, don’t care who wins. They just want to see a lot of betting. They constantly adjust the odds so half the money sits on each side. They take their cut off the top, and pay the winners out of the losers money.

They have no skin in the game, ever. Not needed. They aren’t gambling, everyone else is.

[Retrofitted]

Honchos at online gambling sites around the world, which take wagers on election outcomes, are also refusing to call Biden president-elect, despite the final tallies in his favor in what’s been called a historically secure election.

Hell, they better not call it! If they do... Double-payouts are possible, lawsuits will be flying, lots of these places would be legal and financial bloodbaths. They better sit tight until the EC is done and over with.