Posted on 11/13/2020 2:51:33 PM PST by 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 whats 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...
Its 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, its a big win for us, he said, explaining that the sites customers favored Trump. If Trump is declared the winner, we will take a bath. It will not be a happy day here.
(Excerpt) Read more at nypost.com ...
The interest on $600 million must be pretty good, so I don’t blame them for not paying until they have to.
Remember the old American Express commercial where Karl Malden advised you to keep a vacation leftover $100 American Express Check in your wallet? Think about that. If 1 million people did that it would amount to a $100 million dollar interest free loan to American Express.
This is the theory but not always how it works in practice. A lot of the time the sportsbooks will take uneven money based on oddsmakers’ expertise and where sharp bettors lay their money, so in essence, making bets on their own games.
More credibility there than the networks. More than the polling companies.
It’s not over until Trump says it’s over.
How much do they owe, if, Trump wins?
The bookies aren’t gonna pay until it’s settled so yes they will be far more reliable than the MSM.
LOL
Love it!
They would be absolute morons if they did. And they aren’t morons. They will hold it until it is clear beyond any measure of a doubt.
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