US Presidential Election 2020 and its impact on gambling

[uray]

affecting the gambling industry? No it doesnt but this is just an another major event where gamblers can make some bet on.. We cant be sure if there only that someone bet 5million dollars.

There might be even more which do happen underground.

There was a lot of bets for Trump and to be frank it was really close and even though Biden is leading i did not expect them to be this close, there were many hating on Trump from the beginning especially the Hollywood elites and other prominent voices from certain communities and yet if he is able to gain this much votes it is unbelievable.

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[goinmerry]

yep, my 100 buks (not dollards, he he) tell me "Good bye" 

I doubt that if Trump will not accept results it would help me, because court with a very high probability will reject all his claims, it's just will take a little more time for a new president inauguration.

In my own view, your bet might be canceled.

But more chances that you will lose it even Trump will not accept results as it won't stop Biden's inauguration so you will still lose as he will occupy the Presidency while investigation about anomalies and irregularities is rolling.

[JohnBitCo]

I don't know what impact it has exactly, but you do see those elections on all gambling sites that you can bet on. Nice that that is possible nowadays. I just want to know how the probabilities are calculated, after all, there are a lot of factors.

These days almost all the betting and gambling sites allow you to bet on such big events. Most popular ones being stake and freebitco. You have to bet your money on either one to the two candidate and you will either win or lose based upon who win the election. It should have been straight forward win or lose but since the election results are unclear, people will have to wait few more days before they know who is the next president of USA.

If I am one of the citizens of America, I will choose Joe Biden for a new and fresh start in the US government because Trump has a bad reputation already and I think the USA citizens need a new president for a new beginning and platform to look forward because it is indeed proven and tested that their past president (if ever) is not that totally reliable and responsible after a lot issues  about him.

This is your own wish of choosing Joe Biden. If you see people in America are divided almost equally in favor of both Biden and Trump and therefore who ever will be declared the next president will not have full support from the public.
I think this will have bad impact on all businesses including gambling.

[Casdinyard]

affecting the gambling industry? No it doesnt but this is just an another major event where gamblers can make some bet on.. We cant be sure if there only that someone bet 5million dollars.

There might be even more which do happen underground.

There was a lot of bets for Trump and to be frank it was really close and even though Biden is leading i did not expect them to be this close, there were many hating on Trump from the beginning especially the Hollywood elites and other prominent voices from certain communities and yet if he is able to gain this much votes it is unbelievable.

But this is another concern. I am still looking on how will the result of the elections affect the gambling industry. That is right, this event became a huge betting topic but its effect to gambling is quite sketchy. But in some sense, there Could be an effect especially if the winning leader will make actions or orders regarding this activity or industry in general. Whether they will ban it or support it but that is something to be determined eventually. For example, if I'm not mistaken, Biden is eyeing for taxation increase so maybe he could also do the same thing in gambling platforms. But at this moment, this is just a possibility and let us hope that things will be good for people and economies no matter who will win this election.

[AmoreJaz]

affecting the gambling industry? No it doesnt but this is just an another major event where gamblers can make some bet on.. We cant be sure if there only that someone bet 5million dollars.

There might be even more which do happen underground.

There was a lot of bets for Trump and to be frank it was really close and even though Biden is leading i did not expect them to be this close, there were many hating on Trump from the beginning especially the Hollywood elites and other prominent voices from certain communities and yet if he is able to gain this much votes it is unbelievable.

But this is another concern. I am still looking on how will the result of the elections affect the gambling industry. That is right, this event became a huge betting topic but its effect to gambling is quite sketchy. But in some sense, there Could be an effect especially if the winning leader will make actions or orders regarding this activity or industry in general. Whether they will ban it or support it but that is something to be determined eventually. For example, if I'm not mistaken, Biden is eyeing for taxation increase so maybe he could also do the same thing in gambling platforms. But at this moment, this is just a possibility and let us hope that things will be good for people and economies no matter who will win this election.

right now, the visible effect on gambling is the betting aspect on politics. for sure, huge money was involved in this single event of american history. but other than that, we dont know the after effect of this election.
not seeing major influence in the gambling industry, other than the fact that most of physical casinos are still in the recovery period because of the pandemic. dont think that increase in taxation will take in effect as businesses are still struggling. not the right time to implement this new regulation.

[Maslate]

There's a little impact in gambling but there's a big impact on the citizens of the USA as they now have a new president, and it is already official.

Biden defeats Trump to become 46th president

People have chosen their leader, congratulations to them as this seemed an honest election, but bad for bettors who lose money especially those who bet $5 million for Trump. 

[xSkylarx]

How does two different things relate to each other? It won't have any impact at all.
Gambling is a habit and all about the probability of win and losses, meanwhile election is decided by people who vote on the candidates.
It's not like sports where you can vote who's going to win.

[carlisle1]

Joe Biden may look favorite to win this election but still there is no official announcement of the results.

Yeah and even the counting seems to be paused in releasing?because this scores recorded since almost 2 days ago yet nothing in available updates..

Joe Biden is only narrowly ahead of Donald Trump and Trump may not accept the results.

Trump won't easily accepting the result since He is claiming that this is some things need to be corrected before the final result be respected.

This is a Good margin about their difference in score,hope things will be done by monday.

[yazher]

Now it's official that Biden won this election but so far there wasn't any news from Trump about his acceptance of his defeat. Anyway, it says that Trump is the first one-term president of the United States for almost 30 years. This is a good start for the United States and forgets all the bad things Trump has done to their Country. That man from the UK who bet million dollars for Trump to win have already cried right now I think.



https://www.cbsnews.com/live-updates/2020-election-live-updates-2020-11-07/

[Furious 7]

Now it's official that Biden won this election but so far there wasn't any news from Trump about his acceptance of his defeat. Anyway, it says that Trump is the first one-term president of the United States for almost 30 years. This is a good start for the United States and forgets all the bad things Trump has done to their Country. That man from the UK who bet million dollars for Trump to win have already cried right now I think.

I'm glad Joe Biden is now the president of the United States with this election. Many Americans want a change from what Trump did before him in being too arrogant in his tenure to even get him re-elected, what a shame.

Not finished with their million dollar bet, just crying because the hero defeat oh no I will not behave like this.

Trump is far from winning.

[Wexnident]

It has no impact. Like why would it even have one, is Biden someone who despises gambling or something? Even with Trump being the president for the past years, nothing really happened with Gambling so that says things for itself on Trumps side. One thing I do know that it has an impact though is.. Rip to the dude that bet for Trump with a huge amount of money. There was an article here back then about it, and it was a pretty big amount. He'd probably be like Trump right now, doubting the results are rigged and what not.

Anw, Congrats to the US winning against Trump. Turns out that a lot of voters back then registered to vote this year, possibly to push Trump out of the position. The fight was close initially tbh, and a lot of people actually voted for Trump.

[virasog]

Anw, Congrats to the US winning against Trump. Turns out that a lot of voters back then registered to vote this year, possibly to push Trump out of the position. The fight was close initially tbh, and a lot of people actually voted for Trump.

So finally Biden wins.
I hope now everyone's bets will be settled on different gambling sites and people who bet on Biden will be the ones happy for these results. 

[aioc]

I'm glad Joe Biden is now the president of the United States with this election. Many Americans want a change from what Trump did before him in being too arrogant in his tenure to even get him re-elected, what a shame.

Not finished with their million dollar bet, just crying because the hero defeat oh no I will not behave like this.

Trump is far from winning.

I read that he is the first incumbent to be defeated in re-election in over thirty years, he could have won easily because he is the incumbent but his approval rating is very low he never gets fast the 50% rating, his loss is a big blow to the Democrat, they should have fielded another candidate but they have no one but Donald Trump, Trump is a big lesson on how not to get re-elected.

[akirasendo17]

lots of people lose in these bets because they are rooting for trump, with big bets maybe they are just playing with money because they have lots, they don't know what to them with it, im thinking how much it the fee takin by different site with that big amount of money on the line, for sure its also thousands or millions of dollar,

[plr]

There was a lot of bets for Trump and to be frank it was really close and even though Biden is leading i did not expect them to be this close, there were many hating on Trump from the beginning especially the Hollywood elites and other prominent voices from certain communities and yet if he is able to gain this much votes it is unbelievable.

In any election it's the silent majority who always deliver the win to candidates, yes Trump looks good and very confident to win the election but the silent majority will always have their voices heard in the ballot, even in the survey Biden is winning the race for the presidency I have this feeling that Trump will be a sour loser because he is a defeated incumbent president and this is his first major loss

[FIFA worldcup]

lots of people lose in these bets because they are rooting for trump, with big bets maybe they are just playing with money because they have lots, they don't know what to them with it, im thinking how much it the fee takin by different site with that big amount of money on the line, for sure its also thousands or millions of dollar,

Do someone has the data showing how much was put in this gambling on this election and how much people have won in total and lost in total. I Know it is impossible to find exact figures but still i would like to know how much approx. money was spent on the gambling for this election ?

[Apes]

The election just becomes the main subject of gambling because no big event is happening in sports at the same time as them. We also know that Trump's reputation is a big deal in the US so gamblers want to settle their support at the gambling event.

We don't have any accurate stats wherein how much money circulated in the gambling industry betting on the US Presidential election but surely lots of gamblers involved here.

About the impact, maybe the current US Presidential election beat the total wagered bets on the previous elections. But after the election, no direct impact on the gambling industry as I don't even see how. This is just a normal event that passed by.

Right.  Presidential election is a rare event, especially the US presidential election. Every people on earth watch and following this event.

Because there are only two presidential candidates, it really makes it easier for gamblers to analyze potential wins and Does not require mathematical skills to participate in this gambling event.


For the reasons above, I believe that the money circulation in this US election is much more than a weekly football event.

[JohnBitCo]

lots of people lose in these bets because they are rooting for trump, with big bets maybe they are just playing with money because they have lots, they don't know what to them with it, im thinking how much it the fee takin by different site with that big amount of money on the line, for sure its also thousands or millions of dollar,

Do someone has the data showing how much was put in this gambling on this election and how much people have won in total and lost in total. I Know it is impossible to find exact figures but still i would like to know how much approx. money was spent on the gambling for this election ?

No one can give the exact figures of how much amount was invested in gambling for the trump or biden win. Mostly gambling sites does not disclose this data and even if they disclose there are so many offline betting happening in every country which is impossible to track. Just came across a post where A gambler living in England makes a $5M bet on Trump. We can't even imagine how much people had bet on this biggest event.

[mirakal]

The election just becomes the main subject of gambling because no big event is happening in sports at the same time as them. We also know that Trump's reputation is a big deal in the US so gamblers want to settle their support at the gambling event.

We don't have any accurate stats wherein how much money circulated in the gambling industry betting on the US Presidential election but surely lots of gamblers involved here.

About the impact, maybe the current US Presidential election beat the total wagered bets on the previous elections. But after the election, no direct impact on the gambling industry as I don't even see how. This is just a normal event that passed by.

Right.  Presidential election is a rare event, especially the US presidential election. Every people on earth watch and following this event.

Because there are only two presidential candidates, it really makes it easier for gamblers to analyze potential wins and Does not require mathematical skills to participate in this gambling event.


For the reasons above, I believe that the money circulation in this US election is much more than a weekly football event.

Probably way higher if this article is accurate.

U.S. presidential election expected to involve more than $1 billion in wagers

Hence, the $5 million bet from a single bet is only half of 1% from the total wagered expected.

[bryant.coleman]

I would say that this election was very significant for the gamblers. It once again proved that when it comes to predicting the outcome of the elections, gamblers are more accurate when compared to the opinion polls. Gambling sites have a high probability of win for Trump, and it was justified by the close results. On the other hand, opinion polls were predicting blowout for Biden and they have lost their credibility.