US Presidential Election 2020 and its impact on gambling

[virasog]

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

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

[1714887980]

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[Bttzed03]

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

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

Care to explain what's the impact on gambling like the title suggests?

Other than those who made a bet on this election, how will gamblers be affected or the gambling industry in general? I'm personally not concern whatever the result will be. No effect on my gambling strategies whatsoever.

[Cacingkemi]

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.

[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.

[Ridcan]

In recent years, most presidents of the United States have been elected for the second time.  but Trump seems to be losing this election.  Although a clearer explanation is not given, many people now think that this is the case.  we will see the winner together at the end of the day.

[ice098]

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.

[kryptqnick]

I don't think there's any global impact of the elections on gambling, only on those bets related to Presidential elections that people made (including me). Biden is likely to win the electoral college, but there's still a tiny chance that Trump will win it. Moreover, there's a solid chance that Trump will use the loopholes in the US legislation to stay in power. He can and already  did start by not conceding in the election night as well as lawsuits alleging fraud, and he can also try to campaign for the electors, and then there's a bunch of other things he can do (here's a good video about it).

[avikz]

I don't know what impact a presidential election of a country will have on crypto gambling! Are you thinking about some policy change kind of thing where US will be opening up for online gambling? If it happens, then definitely it will have a big impact on crypto gambling market because we will start seeing new players coming into the market. But that's highly unlikely to happen!

I don't think of anything else out of this entire election drama! Trump behaves and sounds like mentally ill, seriously!

[Mahanton]

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.

When it comes to negatives then it will most likely be emphasized and always been looked by most people which do aside into those things that had been made positively by Trump.
Im aint a supporter but lets look on what he had done in good ways but i do agree somehow that when it comes to issues then its really there.If Biden is really winning this time then
American people do really look for something new so basing of into those numbers above then you can really see the margin between on both.

Just like on what had been said above on how this event do affect on gambling? I cant really see the reason.

[Ayiranorea]

The election results hasn't made any big impact on gambling. For users who have been waiting for Nov 3rd to know about the win or lose on their bets were waiting as no official statement or media has projected the result of the election. Gambling market is comprised of sports and Casinos. These elections were a small part of the gambling sites. This won't make any big changes on the market as well.

[wxa7115]

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.

And that is without taking into account that there are going to be lawsuits which will delay the official outcome of the election for weeks and even a month, so it is going to be interesting how casinos manage this, after all they cannot really pay their customers that bet on Biden until the result is official and there are no more lawsuits in place as it is likely this will reach the US supreme court.

I just hope that all of those that took a bet on Biden are patient because I really think they will have to wait for a long time before they can get their profits.

[harizen]

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

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

You just simply tell us the current status of the election but where's your stand about the impact of it on gambling? Next time also input your stand as you are the one introducing the topic to us.

I don't see any correlation between gambling and the Presidential election as a whole. This is not the first time also wherein there is a heated election. By impact, do you mean changes? Or maybe you are talking about the volume of bettors who participated in the US Presidential election?

[kawetsriyanto]

I see some news about betting in the US presidential election. Many people wager in a very high amount, till $5M. It is wow and tell us that everything can be a matter of betting, moreover this kind of a big thing.
'but here I am, not taking part in the party  

let's see what will the decision take and what we will get the good news or bad news later. And let's see how the condition of the gamblers after the election and the final result.

[dothebeats]

This has no impact on the gambling industry so to speak but rather those who actually bet on this event. I can't forget that one British dude who bet on Trump to win, and must be clenching his fists for the most parts of this day due to Biden continuously turning predominantly red states into blue. The outcome of this election is already clear, though would surely be contested by the Republicans to the death since they believe that the election is being rigged through the mail-in votes. Whatever the outcome is, the gambling industry will not be directly affected, but the bookmakers surely got something in the bag for making this event possible to be bet on.

[stomachgrowls]

This has no impact on the gambling industry so to speak but rather those who actually bet on this event.

I see some news about betting in the US presidential election. Many people wager in a very high amount, till $5M. It is wow and tell us that everything can be a matter of betting, moreover this kind of a big thing.
'but here I am, not taking part in the party  

let's see what will the decision take and what we will get the good news or bad news later. And let's see how the condition of the gamblers after the election and the final result.

I've seen that one and im wondering on whats been they've been doing at the moment yet the results are just too obvious on what would happen.

Can we see an another suicide news about this one? Hopefully that there would be no something like that to happen.This do really only affect to those who do bet but talking about

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.

[chaser15]

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.

[Reid]

Where's the impact?  

Anyway, it doesn't matter who will win when the discussion is about gambling.
It will still continue.
America didn't vote for the Pope so the gambling industry will stay.
Lots of money coming from that industry and whoever sits will not vanish that amount. Some of it will go directly to their pockets.

[alegotardo]

Looking from outside the USA, the notices have said that this is one of the biggest elections of Americans and that it has motivated many voters to choose a side, something that hasn't happened in a long time.
I believe that gambling bets have also increased significantly, and those who bet on Biden early on should leave with a higher profit (if he wins, of course) since Trump started off as a "favorite" to re-election.

[johhnyUA]

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

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

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.

And i doubt that will impact in some special way on gambling what a nonsense

[Saint-loup]

Looking from outside the USA, the notices have said that this is one of the biggest elections of Americans and that it has motivated many voters to choose a side, something that hasn't happened in a long time.
I believe that gambling bets have also increased significantly, and those who bet on Biden early on should leave with a higher profit (if he wins, of course) since Trump started off as a "favorite" to re-election.

Yes but when we will be able to get our profits? It seems Trump wants to contest the results and to seize the supreme court, so it can take several months!
Bets may be cancelled...