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

[rdbase]

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!

They had a promotion for the first 500 bets for Trump to win and at 1mbtc a pop, they still made some good money from the players.
I don't think they'd have any issue either way this ends.

I had several bets on different markets and on separate books:
Sportsbet was the first one to decide to pay out first above all the other ones. Then it was Stake along with a bonus sent, they were the most gracious about it acually. BetBTC are still waiting on their odds provider (Pinnacle) to tally what decision will be on Dec 12 and maybe even upto Jan 20 next year when we will see after all the in house fighting and clawing by the independent media outlets is through, who will be the president.

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 that the sports bookie should hold the funds.
And Kudos to Sportsbet.io and Stake for being so humble and releasing the payment so early.

I liked watching this user made video telling us what the outcome could be if these different scenarios did play out as Darkstar_'s post did state one of them with Biden possibly dying. And after everything that has happened with all the discrepancies in this election coming out after the vote counting at 99-100% by all states in question are tallied up.
https://www.youtube.com/watch?v=lBZ-KiYoU68

Now the tough calls are to be made by the supreme court and I don't think the judge Trump put in there can make any decisions on his case.
He did announce to all his supporters they would be invited to a rally on November 14 in D.C called the Million MAGA march.
So there is this for the Republicans to look forward too.

[1714652826]

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[1714652826]

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[leea-1334]

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).

Thank you for sharing these sites,,, very very tempting to put bets on Biden now at 1.1 or even 1.05 seeing as that even by all the accounts of different media he has already won and will still win even with the proper recounts. "Easy" 10 percent winnings if you want to see it like that.

I do think the odds are good value but yes, I also would not blame any bookie for their decisions, whatever they did. This was always going to be a tough one to call.

One big point also is mainstream media is mainly democratic,,, so we cannot hardly see the alternative Republican news easily. Fair point to bring up.

[kryptqnick]

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.

For me, it was an easy win, so I bet on Biden. Since it was on Sportsbet.io, it was paid out before. Biden definitely won the election, but given the lawsuits from Trump, I think it's reasonable if some sports books are waiting to see the final decision. After all, Trump is not giving up, and the situation is unlike anything before. I mean, 23 hours ago he tweeted "WE WILL WIN!", and resources are still in his hands. However, I believe the bets will be paid out sooner or later anyway. But given the electoral college system of the US, some websites might win till the electors cast their votes and these votes are counted.

[famososMuertos]

..//..:

Welldone for those who have paid without a doubt it has a huge profit for them from many sides, in a certain way they are not only paying you for having won, they are showing loyalty with the players, trust for third parties and trust in the final result, which is already obvious by 99.99%.

In any case, those who have not done it technically can afford it, because they adhere to that 0.01% that surely appears intrinsic in their ToS, I do not defend any, I just try to be precise and how I see things.

In fact, this means that gamblers always read the rules of the game and that not always a rule of the game established for many years cannot change unexpectedly.

[Captain Corporate]

 I don't know man, official or not, it is obvious that Biden won, we are talking about potentially having 306 votes here and that is way too much to get back from by Trump, he can try whatever he wants, he can try to go to courts as much as he wants, Biden already won. So all sportsbooks should pay up, there is already a growing number of them paying right now and they are not going to change that at all, they are already paid up, so the job is done for them, Trump fanatics could try to make a noise but they will calm down when Biden is literally running the country. I would say just forget about what others are saying and try to make it a marketing thing and pay up, it would help with customer base more than you can imagine to pay "early" compared to other places.

[xxjumperxx]

 I don't know man, official or not, it is obvious that Biden won, we are talking about potentially having 306 votes here and that is way too much to get back from by Trump, he can try whatever he wants, he can try to go to courts as much as he wants, Biden already won. So all sportsbooks should pay up, there is already a growing number of them paying right now and they are not going to change that at all, they are already paid up, so the job is done for them, Trump fanatics could try to make a noise but they will calm down when Biden is literally running the country. I would say just forget about what others are saying and try to make it a marketing thing and pay up, it would help with customer base more than you can imagine to pay "early" compared to other places.

Biden won based on what exactly?
Please do tell me?
The Media has been screaming BIDEN BIDEN BIDEN?

The Media doesnt announce Presidents... 

[Lavander]

Not quite sure what are they waiting before they reward their participants maybe they just wanted to make sure that the decision is really final and they just wanted to make sure first since I think they cannot take back if the money they give if there will be some recount and Trump actually won (Hypothetically).

[doomloop]

I understand the ones that pay out, and I still understand the ones that do not pay out as well. This is not an "official" result yet, and that means sportsbooks could technically hold it as much as they can until it is an official decision, there is nothing illegal going on there, in fact holding it until it is official would be the smart thing to do by sportsbooks if they are looking at it from financial stand point.

However we also know that Biden won and nothing will change that, look at the latest results, there is no way Trump finds fraud in 4 states totaling to 200k+ votes, that is not going to happen at all, which means results are in, so from financial stand point sportsbooks could wait but from marketing stand point the ones that pay out will get more love from gamblers.

[FinneysTrueVision]

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.

The difference is that the Gore-Bush election was decided by a single state and the margin was extremely close. Trump is not going to overturn the results with more states involved and with bigger margins.

The media isn't just making things up out of thin air. They're going by the results being reported by state governments. That's how elections work. Of course the next step is to certify the results and wait for the electoral college to make it official but I don't see why casinos have to wait that long because at that point it's a foregone conclusion what will occur. We already have all the evidence we need to determine that Biden will be the next president.

[xxjumperxx]

The difference is that the Gore-Bush election was decided by a single state and the margin was extremely close. Trump is not going to overturn the results with more states involved and with bigger margins.

Says who? The Media?

The media isn't just making things up out of thin air. They're going by the results being reported by state governments. That's how elections work. Of course the next step is to certify the results and wait for the electoral college to make it official but I don't see why casinos have to wait that long because at that point it's a foregone conclusion what will occur. We already have all the evidence we need to determine that Biden will be the next president.

They have to wait that long because all the others think are literally ASSUMPTIONS. Youre trying to tell us how elections work, yet you call Biden President because the Media told you so?
Its a assumption at best, the official results arent in.

Its like a Soccer game where the Team is up 3:0 and there is 3 Minutes left to play, yes it looks like the Team leading will win, but is it done? NO.

[leea-1334]

 I don't know man, official or not, it is obvious that Biden won, we are talking about potentially having 306 votes here and that is way too much to get back from by Trump, he can try whatever he wants, he can try to go to courts as much as he wants, Biden already won. So all sportsbooks should pay up, there is already a growing number of them paying right now and they are not going to change that at all, they are already paid up, so the job is done for them, Trump fanatics could try to make a noise but they will calm down when Biden is literally running the country. I would say just forget about what others are saying and try to make it a marketing thing and pay up, it would help with customer base more than you can imagine to pay "early" compared to other places.

Yes,,, even I who voted for Trump had my bet lost and well,,, I have to accept this. I would hate it if I won and then Biden took everyone to courts as well and then bookies get the stick for making us all wait on unsettled bets:)

Legally speaking, who is running the government now by the way?

[Karartma1]

I'm not from the States but according to what it's slowly coming out this has been the most embarrassing US Election in history, even worse than Gore v. Bush 2000. I knew this could have been a contested election and I decided consciously not to bet on this event.
Not the Media but the people should elect the President. Even if Biden won correctly, Media attitude towards Donald Trump, being the US President, was and still is disgusting.

[xxjumperxx]

Even if Biden won correctly, Media attitude towards Donald Trump, being the US President, was and still is disgusting.

Because its the cool thing to do.
Thrash Trump because thats what the readers want to hear, its the cool new thing.

I bet we wont read anything negative about Biden... EVER..
The Media has crawled so far up Dems *** its disgusting.

[Ayiranorea]

No media clearly announced the win of Biden. This is completely unfair way of governance. Let them be like this, but the gambling site owners should've known what is happening with the election. Maybe majority could've placed bet over Biden. This could've caused them big loss, which might be the reason to delay the settlement on the winning bets. Both the sites mentioned were highly reputed ones, and these sites doing this kind of act is very bad.

[Pmalek]

I wouldn't call this stalling to be honest. They are not yet paying out because the elections are not yet 100% decided. If a football team is 4:0 up and it is the 85th min, the match is still not over. There are 5 more minutes to play + injury time. Trump and his entourage claim to have evidence of fraud and are threatening to sue. All this affects the payouts. I would only be worried if Biden wins and users don't get paid. Everything else shouldn't be an issue. The fact that Sportsbet.io paid out already shouldn't be seen as the standard, but a plus for them personally and their users. 

[Finestream]

I guess other sportsbook are still fair since they follow the rules, especially the Betbtc.
What if Trump will win in the election? that would create a lot of trouble and scam accusations will be thrown from here and there.

Once we bet, the rules are clear so we just have to follow the rules, we only complain the site itself is violating their own rules.

They are just trying to play safe which is understandable as small amount could ruin their reputation.

[carter34]

No media clearly announced the win of Biden. This is completely unfair way of governance. Let them be like this, but the gambling site owners should've known what is happening with the election. Maybe majority could've placed bet over Biden. This could've caused them big loss, which might be the reason to delay the settlement on the winning bets. Both the sites mentioned were highly reputed ones, and these sites doing this kind of act is very bad.

Creating such bet between Trump and Biden made it even a more tougher game in real life because many eyes were focused on the election. Maybe we still going to have a bet stake on the actual declaration if that has not come from source as I read trump trying to go to court.

[tbterryboy]

I'm not from the States but according to what it's slowly coming out this has been the most embarrassing US Election in history, even worse than Gore v. Bush 2000. I knew this could have been a contested election and I decided consciously not to bet on this event.
Not the Media but the people should elect the President. Even if Biden won correctly, Media attitude towards Donald Trump, being the US President, was and still is disgusting.

Yeah, I don't understand why there are talks about election fraud just because Biden won. I mean had Trump won everyone would have been quite and nice which is a really poor sign from their media. I hope Biden will be a better president rather than being a big mouth like Trump.

As far as bet settlement are concerned I actually knew the election results will be delayed because there were news that results will be slow so I never made too big of bets to get anxious for settlement.

Trump bettors are just quietly waiting for him to prove the election fraud which is menacing because elections are over and results are public now there is no reason to delay the settlement for betting sites. I do not understand just because a sore loser makes baseless claims that is Trump, why is everyone trusting him.

[FinneysTrueVision]

Says who? The Media?

The states have counted the votes and have announced their conclusions. Even Republican secretaries of state and attorney generals are saying there is no evidence of voter fraud.

Its a assumption at best, the official results arent in.

Its like a Soccer game where the Team is up 3:0 and there is 3 Minutes left to play, yes it looks like the Team leading will win, but is it done? NO.

The official results are just a formality. The conspiracy theories have been mostly debunked and several of Trump's lawsuits have already been thrown out. Hillary had a better chance of overturning the previous election but the casinos still paid out a few days after election day because it would have been unreasonable to wait for unfounded allegations to pan out.

[marioantonini]

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).

when i saw your post i didn't want to believe it and i went to betfair to check 

Now Biden odd's is 1.09 ut for me is really high,that would be a very easy 10% profit, I can't think about how it can lose, it would be a huge scandal even for the united states