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Author Topic: Betting on Open ending events? Should casinos continue offering them?  (Read 535 times)
Kelvinid
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December 03, 2020, 11:48:41 PM
 #81

This is what I think as well, casinos care for the most part care for one thing and that is to make as much money as possible, and as long as people have interest in those kind of events then they're going to keep offering those kind of bets, besides the issue with the US election cannot really be pin down to them, it was an extraordinary event that was without a doubt outside of their control and I think many gamblers can understand that fact and simply accepted the delay as something inevitable.

Gambling site owners always favors what will bring them money.

Like what you have said, as long as there are gamblers who will take part and bets to this kind of offers the site will continue
catering this event. They will keep providing odds as they are receiving profits from each events that being offered from their
platform.
Gambling owners see this as a big opportunity to make money. In fact, only a few sites offering such betting options at this time, and that gives them a huge favor. But this could not be surprising for the next election many betting sites will open for this since they know that gamblers are wanting this.

Miss Universe, US Election, they have it already, and probably local gambling sites will offer such a scheme base on their local activities. I've found this as a habitual betting option and that it keeps rolling till nobody makes a bet.
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December 03, 2020, 11:59:42 PM
 #82

This is what I think as well, casinos care for the most part care for one thing and that is to make as much money as possible, and as long as people have interest in those kind of events then they're going to keep offering those kind of bets, besides the issue with the US election cannot really be pin down to them, it was an extraordinary event that was without a doubt outside of their control and I think many gamblers can understand that fact and simply accepted the delay as something inevitable.

Gambling site owners always favors what will bring them money.

Like what you have said, as long as there are gamblers who will take part and bets to this kind of offers the site will continue
catering this event. They will keep providing odds as they are receiving profits from each events that being offered from their
platform.
No business owner would really be ignoring the possible ways for them to make profit.There might be some issues but they wont really matter much

and they wont really be blocking these kind of events if they do know that they can make money out of it.

In business like this then these events would be always be part on the list as long it generates money.

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December 04, 2020, 12:27:37 AM
 #83

There's a big money on that kind of event so I don't see why casinos shouldn't continue to offer it to gamblers.

Gambling sites are aware of any associated problem and for sure, they know what better compare to us.

There will be more open bet in the future that will be settled properly so those problems happened in Biden vs Trump is just an isolated scenario and won't happen everytime.

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December 04, 2020, 01:36:21 AM
 #84

No business owner would really be ignoring the possible ways for them to make profit.There might be some issues but they wont really matter much and they wont really be blocking these kind of events if they do know that they can make money out of it.

In business like this then these events would be always be part on the list as long it generates money.

Yes, it is. The business owner will search for any possible way to make more profit still. If they think that making other events which could be popular can be their way to make money, they will prepare and launch it to the public, so many people will curious and will bet on that events.

If the casino can launch many events at the same time, that can be the other way to promote their site. People will know that the casino can be a place to place a bet for special events, and they can also try to win the money from that event. Generating money will be the business owner's purpose, and gambling is one big industry that produces a lot of money.

 
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December 04, 2020, 09:13:49 AM
 #85

The simpe truth is that I would never encourage anyone to bet what they can't afford to lose if they are not sure of the outcome. Besides, I noticed the polls were misleading and probably deceiving alot of people. The truth is that the current President will continue to lead that Nation ... I still didn't bet on the election even with this sure information.
I just think the sites will need to be moral enough for me to bet on. By the way, I hate doing the bet to be wealthy. I just prefer prediction/betting sites that are useful to people and society.

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December 04, 2020, 01:09:58 PM
 #86

The only this that might restrain them from listing such events is if they have some form f conceivable influence over its outcome. And I think for a national election as massive and complicated as the US election, they don't. In fact some big sites have more chance f influencing sports events than for an election

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December 04, 2020, 01:37:59 PM
 #87

This is what I think as well, casinos care for the most part care for one thing and that is to make as much money as possible, and as long as people have interest in those kind of events then they're going to keep offering those kind of bets, besides the issue with the US election cannot really be pin down to them, it was an extraordinary event that was without a doubt outside of their control and I think many gamblers can understand that fact and simply accepted the delay as something inevitable.

Gambling site owners always favors what will bring them money.

Like what you have said, as long as there are gamblers who will take part and bets to this kind of offers the site will continue
catering this event. They will keep providing odds as they are receiving profits from each events that being offered from their
platform.

The thing is, when these kinds of offerings backfire.... casinos actually stand a chance to lose long-term gamblers. They are forced into a situation where they should pay out bets, without knowing what the final outcome of this bet will be and you always have 1 party that will not be happy with the decision that was made.

Why go into these type of decisions and rather avoid open ended events like this and keep both parties satisfied and happy? It is one thing making money on the short-term.. but you do not want to piss off your long-term customers.  Wink

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December 04, 2020, 02:08:27 PM
 #88

I don't see any problem with betting in that kind of events, there is no problem on that especially if you are using the reputable betting website, they will pay once you win and don't pay if you bet the wrong one, there's no problem with that because that is somehow related on some other betting sports events wherein gamblers don't have any clue who will win, future is unpredictable so betting with presidency election is quite not a problem at all.

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December 04, 2020, 02:19:14 PM
 #89

About the election fiasco, I think the problem was because the question is unclear. It should be "the next president," not "the election winner." Hence, we will get the president on the inauguration date. That said, there is still a chance that Kamala will be the next president. Biden is old already, who knows he won't be alive till January Grin

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December 04, 2020, 09:05:39 PM
 #90

I don't see any problem with betting in that kind of events, there is no problem on that especially if you are using the reputable betting website, they will pay once you win and don't pay if you bet the wrong one, there's no problem with that because that is somehow related on some other betting sports events wherein gamblers don't have any clue who will win, future is unpredictable so betting with presidency election is quite not a problem at all.
But for some events you can't easily define which outcome is the winner. For example are you able to say who has won the US election as for now?
That's what Kakmakr is talking about. It's not a matter of reputation IMO.

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December 04, 2020, 09:20:31 PM
 #91

About the election fiasco, I think the problem was because the question is unclear. It should be "the next president," not "the election winner." Hence, we will get the president on the inauguration date. That said, there is still a chance that Kamala will be the next president. Biden is old already, who knows he won't be alive till January Grin

That's good to hold a contest if Biden can finish his terms, but I'm sure he can it's not about the old age but if he is still capable the way I see it he can still live for the next ten years, he is still strong can talk clearly and still has a sharp mind, Kamala can run for election she is capable of winning an election.

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December 04, 2020, 09:38:47 PM
 #92

US president election is a big event that only happens every 4 years, so the gambling site will continue to open bets as long as there is still
a lot of interest. Even though the event had ended it didn't stop gambling sites from offering bets related to US president election to gamblers.
Because gambling sites only think about the benefits that can be obtained from this big event, whereas in my opinion gambling sites should
stop offering events that are already over.

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