Sportsbooks that aren’t paying out on Biden winning the US Presidential Election

[LFC_Bitcoin]

I placed a bet with sportsbet.io on Biden to win the election. They have paid me out my winnings.

A few people I know made the same bet with Nitrogen Sports & another guy with betBTC & they’re all worried that I’ve been paid out but Nitrogen & betBTC are stalling.

Is anybody else experiencing the above issue? Clearly Biden is the new POTUS yet Nitrogen & betBTC are stalling.

Every single news outlet is reporting that Biden is the winner and I’ve seen his speech.  
My guess is that any sportsbook refusing to pay out on Biden is desperately hoping for some nonsense court case which has a close to zero chance of happening.

If anyone wants to contribute about being paid/not being paid, I encouarage you to post in this thread. It’d be really good to make the community aware of any difficulties anybody is having with certain sportsbooks.

It’s good to know in advance of the next elections which bookies pay up fast and which don’t.

Thanks guys.

[janggernaut]

If you were put the bet biden on stake.com, you are also going to be paid in less than 24 hours

https://news.stake.com/us-election-2020-statement/

Official stake elections statement

Summary:"We have chosen to pay out on Biden early while allowing Trump bets to remain unsettled until there is more clarity."


We're actively settling Biden bets now as a win, if you bet on him you will get paid within 24h.

Just need to wait for any official announcement from both Nitrogen & betBTC

Update from betBTC

Can you grade my Biden ticket?

Bets will be settled at due time, according to pinnacle rules

[EliteCrash]

Well for nitrogen according to their Politics grading rules as follows:
"President elect will be graded once the recounts are final and results reported by the corresponding states."

So they probably don't want to pay out Biden as win and be forced to also payout Trump if recounts actually do go in his favor. As you can see with Stake they paid out Biden but they are also forced to pay out Trump as well if he eventually does win.

Now for BetBTC they follow Pinnacle rules
"All bets will be determined using the official result as declared by the local Electoral Commission or a similar official body.
For all elections, bets will be graded upon an official result as described above."

So most likely when the electoral college convenes it will be graded, all for the same reason as stated above they don't want to payout both sides if Trump does end up winning.

I mean if you bet on something iffy like this and don't thoroughly look through any rules stated that would prevent instantaneous grading that's on you.
But sites like Stake and sportsbet.com they are taking on a risk to pay out Biden early just for their customers satisfaction.
I have played on Nitrogen as well and I can tell you doubt they care about that :p

[Indymoney]

This is really matter of shame for Niterogen they was leading in bitcoin sports betting and casino industry but now too many complaints and now this issue is really bad for their reputation I also know many members those place bets on different sites and mostly already graded but nitrogen is still waiting for official announcement which is rediculus.

[notblox1]

Every single news outlet is reporting that Biden is the winner and I’ve seen his speech.  

News are not deciding who wins elections, and this is not the first time something like this happens.
Better turn off TV and mainstream media, because they did wrong predictions many times, and even announced Gore as president one time, and they also miserably predicted all polls before elections.
FTX is still allowing users to decide and keep their bet on presidential elections.

[Joel_Jantsen]

They probably are waiting for this petition to be signed and presented to the supreme court so the votes will be counted again. https://www.change.org/p/the-supreme-court-of-the-united-states-recount-or-revote-the-entire-2020-presidential-election

Who knows they will get a different president and your winning bets would be void then?  I will really not be surprised if any of those sportsbooks use this as an actual excuse.

[ultrloa]

I placed a bet with sportsbet.io on Biden to win the election. They have paid me out my winnings.

A few people I know made the same bet with Nitrogen Sports & another guy with betBTC & they’re all worried that I’ve been paid out but Nitrogen & betBTC are stalling.

Is anybody else experiencing the above issue? Clearly Biden is the new POTUS yet Nitrogen & betBTC are stalling.

Every single news outlet is reporting that Biden is the winner and I’ve seen his speech.  
My guess is that any sportsbook refusing to pay out on Biden is desperately hoping for some nonsense court case which has a close to zero chance of happening.

If anyone wants to contribute about being paid/not being paid, I encouarage you to post in this thread. It’d be really good to make the community aware of any difficulties anybody is having with certain sportsbooks.

It’s good to know in advance of the next elections which bookies pay up fast and which don’t.

Thanks guys.

I don't bet on presidency since I doubt about the current situation among them but maybe there are things has been consider as trump is filing a protest against Biden so maybe the sportsbook you bet are holding the bets for short time while they are scaling up those things. But provably in next following days those who bet for biden and win will get their winnings.

[Oilacris]

It’s good to know in advance of the next elections which bookies pay up fast and which don’t.

Thanks guys.

One of the lessons that can be learnt into this event where you can spot out which bookies is really reliable. I dont have any experience about pendings or stalls yet ive been betting too in sportsbet

and never tend to touch into other sportsbook like nitro and others.The thing on my mind about stalling off is that they do indeed wait up for that courtcase which is BS.

Its almost everywhere that Biden is clearly the elected president and maybe these delays just have some corresponding reason.

[Stunna]

I don't think there is any huge issue with holding off to resolve this. There is a huge amount of money at stake for these books and the result is still not 100% confirmed with some sources putting Biden at 259 votes . Regardless of your political views, with Trump refusing to step down there is no 100% clear winner like we've seen in previous elections.

Bookie settlement options from best to worst:
1. Biden early payout
2. Wait until 100% confirmation
3. Biden settled as winner, trump as loser

Given that #1 is a huge risk to the book, millions for us at Stake and #3 is shafting all the trump bettors. The most straight forward option for sportsbooks IMO is #2 to wait for more clarity which will hopefully be provided once all the votes are counted, when the electoral college votes, and if trump's lawsuits are struck down. We did the #1 option but only because we wanted to set the example and could afford the risk.

People who put money on Biden but have not been paid out yet should be patient with their book. If they are reputable they are not trying to stall your payout and hold your money. Sportsbooks would prefer you to have your money quicker so you can lose it on another bet, they are taking the conservative route and probably ripping their hair out as we were the past week.

[leea-1334]

Yes, I think Stake has the best policy, paying out Biden now, and waiting for other happenings to pay out on Trump if he so wins any of the lawsuits etc. with recounts going on and final result only out in December.

I also took the small Trump bet on Sportsbet. But I have no issues with the rules, for me Biden won as well and even if somehow they overturn it and Trump wins it back I will not claim anything. It is like football for me. If results are suddenly overturned from matchfixing etc, I am not expecting money back:)

[DarkStar_]

Orbit (and thus Betfair Exchange, except Orbit isn't region blocked) currently has Biden at 1.10 and Trump at 10.5 to be the next president. PredictIt is also showing similar numbers. Prediction markets are generally considered sharp.



It's great to see sites like Sportsbet.io and Stake payout early (essentially as a promotion, since there's a non zero chance that Biden doesn't end up being president), but I personally wouldn't fault other sportsbooks for not paying out. It might seem like a clear victory for Biden if you look at mainstream media, but there's clearly a number of factors that somehow give Trump a 10% chance of winning.

Besides lawsuits/recounts/direct election effects, there's also the possibility that Biden wins, but dies and Kamala Harris becomes president (0.2% according to Betfair Exchange).

[LimLims]

Besides lawsuits/recounts/direct election effects, there's also the possibility that Biden wins, but dies and Kamala Harris becomes president (0.2% according to Betfair Exchange).

Lmao this made my day.
I want to seriously bet on this 0.2% chance and really want to see if my fortune is with me.

But tbh Bookies are not should be considered as liable here, as there are tons of amounts of money are lying upon them.
So as far as we cannot see a clear result, it would be better thay the sports bookie should hold the funds.
And Kudos to Sportsbet.io and Stake for being so humble and releasing the payment so early.

[xxjumperxx]

Its so amazing that people bet on things they have absolutely no clue about.
All the books that pay out Biden as winner are doing the bettors a favor and might paying out double if Trump does win...

The Media does not elect Presidents, amazing that people claim these are sources that a bet should be paid out.

Read and educate yourself on how the Election gets decided and how a president gets elected...
Spoiler: NOT THE MEDIA

There has been a lot of controversy in this election and as weird as it sounds, its still up in the air, the electoral college has not announced a winner...

If a book isnt paying its not because they are a scam or "holding out" as you put this... they are waiting for the REAL result.

[PokerFace464]

If a book isnt paying its not because they are a scam or "holding out" as you put this... they are waiting for the REAL result.

As frustrating as it may be to everyone holding a bet slip, this is the right answer. There's a while to go before the official process is done. Sites that have already paid out did their users a favor.
And it's not like it would be a world's first if things went sideways during an election 

[Bttzed03]

I made a bet on Bitsler that the Republicans will emerge as the winning party for the US Presidential election. My bet is still active there and I'm assuming it's the same case with other bets (Biden/Trump). They are most likely waiting for the official declaration (not media declared) also just like other bookies who haven't paid yet.

edit: Yup, I just got confirmation that Bitsler is also waiting for the Official declaration.

[Strongkored]

I placed a bet on this event and the bookie choose to stall until final result, I chose Trump as the winner in the election. Even though I choose Biden it doesn't matter if the bookies chooses to wait for the official result announcement because it should be, for big bettors this condition unpleasent because the money stuck which should  can be used for other bets.

[Karartma1]

Orbit (and thus Betfair Exchange, except Orbit isn't region blocked) currently has Biden at 1.10 and Trump at 10.5 to be the next president. PredictIt is also showing similar numbers. Prediction markets are generally considered sharp.



It's great to see sites like Sportsbet.io and Stake payout early (essentially as a promotion, since there's a non zero chance that Biden doesn't end up being president), but I personally wouldn't fault other sportsbooks for not paying out. It might seem like a clear victory for Biden if you look at mainstream media, but there's clearly a number of factors that somehow give Trump a 10% chance of winning.

Besides lawsuits/recounts/direct election effects, there's also the possibility that Biden wins, but dies and Kamala Harris becomes president (0.2% according to Betfair Exchange).

In 2000, it took five weeks to know the outcome of the presidential race that saw the infamous Gore v. Bush fight. Over that timeframe, there were recounts and court rulings. The story ended on December 12 when the Supreme Court decision effectively decided the presidential election.
Of course, we don't know the end of the story but I guess sportsbooks should have better prepared for a contested election scenario.

[BIN-BIN]

Well for nitrogen according to their Politics grading rules as follows:
"President elect will be graded once the recounts are final and results reported by the corresponding states."

So they probably don't want to pay out Biden as win and be forced to also payout Trump if recounts actually do go in his favor. As you can see with Stake they paid out Biden but they are also forced to pay out Trump as well if he eventually does win.

Now for BetBTC they follow Pinnacle rules
"All bets will be determined using the official result as declared by the local Electoral Commission or a similar official body.
For all elections, bets will be graded upon an official result as described above."

So most likely when the electoral college convenes it will be graded, all for the same reason as stated above they don't want to payout both sides if Trump does end up winning.

I mean if you bet on something iffy like this and don't thoroughly look through any rules stated that would prevent instantaneous grading that's on you.
But sites like Stake and sportsbet.com they are taking on a risk to pay out Biden early just for their customers satisfaction.
I have played on Nitrogen as well and I can tell you doubt they care about that :p

I think so too I placed a bet also and I choose Biden winning and up till now my winning have not been paid out and when I make further query I was told to hold on for a while, may be it due to the rifts in the entire US election and it outcome may be no casino want to be at lose by paying double pay out as you rightly said.

[yayayo]

I think it's still not yet finished I think there will have some delays from other bookies for what I've know that Trump is not yet accepting that he lose and so he is doing some investigation in regards with the votes. It's surprising that the sportsbet manage to give their payout immediately, what would happen if there would have a problem in the future.

ya.ya.yo!

[Porfirii]

I would have done the very same thing. As some other members stated above, imagine that they pay rewards for Biden, and eventually the court declares fraud and is Trump who wins.

Recovering the funds from the ones who were paid for Biden would be an impossible task, while they'd have the obligation to pay the ones who betted for Trump too.

I understand that bettors want to get paid asap, but this situation is something that I have been foreseeing since a few weeks, and it is not any fraud from the sportbooks, it is just logical caution to me. Stakeholders may be angry, but shouldn't blame on sportbooks even if some have already paid (personally, I wouldn't, as stated at the beginning of the post).