Betting on Open ending events? Should casinos continue offering them?

[Kakmakr]

I was wondering if after the "Trump vs Biden" US election fiasco... if casinos should still be offering bets on events like that?

The potential for disaster in events like this is always there and when something like this happens... a lot of gamblers get agitated and irritated with the decisions that are made on the outcome of their bets.

Most Sport events and eSport games have a clear winner and loser (individual or team) or it is cancelled... but the outcome are seldom delayed for months. This is causing unnecessary conflict between the gambler and the casino, so I am of the opinion that it should be avoided. 

What do you think?

[mirakal]

This is and ending event, it means it has not ended yet, it's just like a live betting.

IMO, there's nothing wrong with that as you can see on the betting odds, if you bet on Biden, you are just getting like 2% or a bit higher.
If a gambling site is reputable, they will pay if you win, but it's a fair game since result has not been formally announce yet, therefore it's up to the gamblers if they are still willing to take that odds or will just sit it down.

[Twinkledoe]

This is and ending event, it means it has not ended yet, it's just like a live betting.

IMO, there's nothing wrong with that as you can see on the betting odds, if you bet on Biden, you are just getting like 2% or a bit higher.
If a gambling site is reputable, they will pay if you win, but it's a fair game since result has not been formally announce yet, therefore it's up to the gamblers if they are still willing to take that odds or will just sit it down.

I think some bettors who did bet on this event will not bet next time, especially those with large bets, in my opinion. Because it is like you are waiting in vain even if you already know the results. But casinos will still list this kind of event, either way, they will earn money from this event.

[sempak]

If you were to look at the offer that comes with a casino, betting would not belong here. They can expand to a package to make betting possible, but an online casino normally only focuses on the casino.
Or are you aiming for a casino / sports betting site together?

[Wexnident]

I think it's fair game imo? As far as I'm concerned, gambling sites are only the hosts, they are in no way forcing people to join in their little game. Well people who actually just got irritated with the Biden vs Trump thing would stop joining in such types of gambles, and so would probably end up in these kinds of events dying themselves, so I guess there's no problem there. If there are people willing to join, then they'd keep doing it, if there wasn't then they'd close it, simple as that.

Strictly speaking though, it is kind of a bad type of event, since most who joined are expecting a clear result. The result being dragged on and on isn't really a positive thing to feel about, but well, nothing we can do or the casino can do I suppose.

[traderethereum]

If those events can be bigger and can attract many people, maybe the casino can offer that event to their members.
Before they give an update about that event, they can ask their members if they are interested in that event or not, so that can make them go to the next step by creating that event.
There will be a winner and a loser in the gambling games, and I think the gambler will know about that, and they must accept the risk and the consequences.
But if the casino wants to offer the events, maybe they don't have to offer the events which need to wait too long to avoid the same thing that already happens before.
That can make the gambler will not feel agitated or irritated with the late results.
I am sure the casino will know what they need to do if they start another event to bet.

[Russlenat]

This is and ending event, it means it has not ended yet, it's just like a live betting.

IMO, there's nothing wrong with that as you can see on the betting odds, if you bet on Biden, you are just getting like 2% or a bit higher.
If a gambling site is reputable, they will pay if you win, but it's a fair game since result has not been formally announce yet, therefore it's up to the gamblers if they are still willing to take that odds or will just sit it down.

I think some bettors who did bet on this event will not bet next time, especially those with large bets, in my opinion. Because it is like you are waiting in vain even if you already know the results. But casinos will still list this kind of event, either way, they will earn money from this event.

The odds are based on the money action in different both sides, they will offer 1.02 for Biden to win because 99% biden will win the election, but they will also put a limit on your bet, so they will not lose really. Well, that's what bookies do, they don't accept bets against their bankroll, they accept bets against bettors bets.

Strictly speaking though, it is kind of a bad type of event, since most who joined are expecting a clear result. The result being dragged on and on isn't really a positive thing to feel about, but well, nothing we can do or the casino can do I suppose.

There's nothing we can do about it, it's the bookies who are giving the odds, we have a choice to touch it or not to.

[kryptqnick]

Casinos made different choiced on the Trump vs Biden bet. I placed a bet of the winning party of the Presidential Election on Sportsbet.io and I cannot remember the exact day I got the money I won, but from my posts during that time I can see that it was no later than on the 8th of November. So it's disputable whether it's an open event or not. But I agree that such events can be tricky for casinos, and even though I'd like to continue betting on them, I'd understand if casinos stop offering such bets.

[khaled0111]

In this particular case the result is almost conclusive as Trump doesn't have a strong case and I don't believe appealing to the supreme court will change anything (imo).
However, for both the gambler and the bookie, it really doesn't matter who wins the elections but which result they will concider, whether they will wait for the final decision or not. This should be made clear before accepting bets.
Is there any instance where a gambler complained about delaying the announcement of a bet result? I made a quick search and couldn't find any.

[Ziskinberg]

Is there any instance where a gambler complained about delaying the announcement of a bet result? I made a quick search and couldn't find any.

I think they are already complaining, lots of complaining particularly on those who bet for Biden to win, but bookies have their rules to follow and that is to wait for the formal announcement of the winner, and bettors can't do about it but to just wait for it, it's frustrating but they sign up for that rules.

[fiulpro]

Not everyone the outcome is delayed. You should understand that , these casinos do provide bets but the delays are not dependent on them, complains can be for sure registered but at the same time one should understand that , the casino quality is dependent on the way the casino reacts to these complains and how they handle it.

Right now when we saw the US elections biden was clearly the winner but Trump wasn't agreeing to it thus there was a whole drama around it.
But it wasn't the fault of the casino and I do think that people understand this for a fact that things like this are going to happen and therefore as long as it's a trusted casino they have nothing to worry about.

[plvbob0070]

That's why I am not really a fan of betting on this kind of event. But since some bettors decided to vote on this kind of event, they should know or accept if there's a delay in the outcomes. But as for the presidential election between Trump and Biden, does it really have to be delayed when Biden was obviously leading and the winner. Trump just can't accept that he lost the election. Also, if this kind of event is really popular among bettors, casinos will keep on offering this kind of bet event.

[Fundamentals Of]

This is one big problem with an election bet. If you bet with Trump, for example, and Biden was declared the winner, the betting sites would then give the Biden bettors their winning prize and take the bets from Trump bettors for losing the bet. However, while Biden is already declared the winner and has already been actually seating as the president after he duly took his oath, there might still be an outstanding election contest from the side of Trump. Until and unless that contest is decided upon, Biden is not yet the clear winner. With the contest existing, it could still be given merit and the result could be overturned. What will the betting sites do in such case?

[khaled0111]

...

Probably I difn't use the right keywords because all the results I got were irrelevant!

It makes sense if someone who bet on Biden to be frustrated and complain about the delay (although they are just delaying the inevitable). Those who placed bets on Trump to win may think of this as a second chance but their odds are really tiny.

If the bookmaker made it clear that they will only consider the final and official result announcement, then there is nothing to complain about as the gambler has to accept and agree to the bookie's terms before placing a bet.

[Pmalek]

As long as there is a chance that the results be overturned with a Supreme Court decision in Trump's favor or the appearance of evidence that the results were rigged or manipulated, I understand that some bookies are waiting for official confirmation before paying out the rewards. Just because some gamblers don't have patience or common sense doesn't mean that what the bookies are doing right now is wrong. It isn't. Your bet is on hold because it is not 100% decided yet. Gamblers can start complaining if Biden takes office but there winnings aren't paid out.

[dimonstration]

This is one big problem with an election bet. If you bet with Trump, for example, and Biden was declared the winner, the betting sites would then give the Biden bettors their winning prize and take the bets from Trump bettors for losing the bet. However, while Biden is already declared the winner and has already been actually seating as the president after he duly took his oath, there might still be an outstanding election contest from the side of Trump. Until and unless that contest is decided upon, Biden is not yet the clear winner. With the contest existing, it could still be given merit and the result could be overturned. What will the betting sites do in such case?

There is a need for final announcement or declaration before the rewards will be given to Right bettors, many will understand that it needs to be final first before giving the reward as there are chances that result may changed without final declaration with no opposing sides. The rewards will be hold until then,this betting type will always happen as its been part of every events in politics and sports.

[ice098]

That's why I am not really a fan of betting on this kind of event. But since some bettors decided to vote on this kind of event, they should know or accept if there's a delay in the outcomes. But as for the presidential election between Trump and Biden, does it really have to be delayed when Biden was obviously leading and the winner. Trump just can't accept that he lost the election. Also, if this kind of event is really popular among bettors, casinos will keep on offering this kind of bet event.

Betting in an open ending events for me was a much risk taking than betting in the sports. I am not a fan of betting in an open ending events too because i am not so patiently waiting for the result of the betting game. I'd rather to bet in a sports game where it only takes an hour to announce the winner. I guess i am not that good of waiting in like for how many days just watching or reading about the pulse of possible winner.

[Gozie51]

so I am of the opinion that it should be avoided. 

What do you think?

I don't see it to be totally avoided. It is now like an opening to casinos and game website to include that into their games and anytime the time comes for election or any other contesting and event that can warrant such game.

[Becky666]

"An open ending event is that event that's still continuing" unless there are concrete evidences about Biden be accused of rigging the just concluding US election, but, to the very best of the medias knowledge; there's nothing of such. Trump accusations against the election are such that many debug as false and don't hold much waters as we thought, there's a possibility of the Republicans going higher to the supreme court against the Democrats and the end results might just be same with the lower courts judgement IMO.

[fortunecrypto]

I was wondering if after the "Trump vs Biden" US election fiasco... if casinos should still be offering bets on events like that?

The potential for disaster in events like this is always there and when something like this happens... a lot of gamblers get agitated and irritated with the decisions that are made on the outcome of their bets.

Most Sport events and eSport games have a clear winner and loser (individual or team) or it is cancelled... but the outcome are seldom delayed for months. This is causing unnecessary conflict between the gambler and the casino, so I am of the opinion that it should be avoided.  

What do you think?

They can still offer this, because the Biden Trump is an isolated case, this is the first time it happen that a losing candidate in the United States is very stubborn to accept defeat, not all the coming presidential is like Donal Trump, who is very arrogant to admit that he lose the election, it's still on the gambler if he wants to bet or not, but it's really annoying on a gambler's part that you cannot claim your victory when you obviously win.