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

[bitterguy28]

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

Of course they can and besides this is isolated case and will never happen each election,because for many elections just now that this happen again though this happen in the past long time ago.

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.



What do you think?

Maybe the casinos will take the gambling poll for this if tolerable and if they are willing to participate again.

[Lucasgabd]

the US election already ended and Biden won, simple as that.

but your question is legit and makes sense, my answer is that it's fine for websites to offer open ending events as long as they explain when it'll be finished (or give a range to close it if there's no outcome, even if it's really far from today's date).

a good example of that is what Futuur is doing with their website, there you can bet on several different events, some have a date to close and some others will close in a date in the long long future.

[jaberwock]

This is so true and not sure about the house offering them but as a gambler myself I decided I won't place any such bets where the outcome can be delayed for months and there is nothing you can do but wait even if you know the bet is going to win but after months, there are sportsbook that have held winnings until the president takes his office.

I believe there was so much confusion just because of the Trump claims though because everything was normal until he started claiming I remember in a speech, we have won the election but there is election fraud. Now looking back I feel so funny about that statement because neither he won nor there was any wrongdoings.

[TinaK]

It might be not a loyal one but for their business sake they would have keep the bet open for the people to make money out of it. If any newbies who are weak in knowledge about the sports and events.
However someone might list out the sites which are all showing the dead events still live there. So people whoever watching this thread might be little awake before they try to those sites.

[jostorres]

Maybe if the casinos can see the other ways to make more money, they will not stop offering other events to their members and invite more people to join in those events.

Yes, in such cases it is actually players who suffered because the bet were held and it costs user not the sportsbook. I really appreciate how stake paid out Biden bets and let the Trump one stands but not all sportsbooks took the same path.

I do not think events like these will have any trouble in future because not every time there are election voter fraud claims and usually voting results are accepted by both parties. I don't mind betting on such events because these are the only times when you are betting on something where you can use the knowledge and brain to guess who will win instead of relying on luck.

[magneto]

This is so true and not sure about the house offering them but as a gambler myself I decided I won't place any such bets where the outcome can be delayed for months and there is nothing you can do but wait even if you know the bet is going to win but after months, there are sportsbook that have held winnings until the president takes his office.

I think you are confusing two things here - OP is talking about prediction markets still offering bets on a Trump presidency with the expiration date at or after inauguration day 2021, not old bets on the election results not being paid out.

New bets that offer a delayed settlement isn't all that bad. After all, it's just any other instrument that has a settlement condition and date. There is absolutely nothing wrong with that per se.

But as I said previously, when you've got books setting arbitrary conditions for settlement that's when the problem starts. Not the offering of the bet itself.

[hahay]

The offer for any bet will always be there when the season comes, whoever the candidate or candidate who is there basically will not be a problem when whoever loses can accept it freely, if that is the case then the results will be fast and clear. That way, I think any type of bet will be fine even if you lose the gambling, the offers offered by bookies I think are free, which means that everything can be used for a bet because the one who determines the bet or not is you, so be prepared for the risk.

[Gotumoot]

As long as they could provide a good service on their end there wouldn't be a problem at all.
They could make any bets that they want but the question is would the bettors bet on their site or the event that they choose?
We could blame the site when some events face something after all they are just holding the bets and they aren't the organizer of the event they don't control it.

[matchi2011]

Probably not. As long as gambling and betting still permit, this kind of activity will keep rolling til next election/s or any huge events.
People love and this also serves as their support to the one that he loves to be on the position. I think there is no problem that makes this to stop.

Some countries, some gamblers are also practicing this one, could be a local event or national event. This could still be played for the coming years and for the next set of gamblers.

I don't think also that these casinos will stop offering this kind of event. They are earning money from here so why they need to stop? But for those bettors who don't want to wait, they won't bet in this event anymore. But from the casino side, they are not losing from this event because the funds are with them.

That's their advantage as they hold the funds there's no harm that may happened to their bankroll., gamblerswho don't want to get stuck will not entertained bes like this.

Gambling site will not stop as like what you've mentioned, they are benefiting to this type of gambling so why they will stop. Unless there's no more interested gamblers to play.

[Fatunad]

As long as they could provide a good service on their end there wouldn't be a problem at all.
They could make any bets that they want but the question is would the bettors bet on their site or the event that they choose?
We could blame the site when some events face something after all they are just holding the bets and they aren't the organizer of the event they don't control it.

Yeah they dont have the control but the problem is that when there are possible events where outcomes had been revoked or reverted, then what would they gonna do?
Not all bettors that had received their winnings would be willingly return those amounts back to them and that will surely be on their first concern when events like this do
happen.Yes, it isnt really that common or just simply a rare case scenario but it could happen but overall i do agree in the fact that they are just holding the bets
and they arent the organizer so blaming them off wont be ethical.

[dothebeats]

There’s a market for such so they would still offer it. There’s no real reason not to if the operators are placing some signs about the possibility of a delayed result of the event given the circumstances that the said event is in. Also, people should really learn to read first and do the bets later once they are clear that they understand how the bet works. There are cases in sports betting platforms wherein a user gets mad on the trollbox for the platform’s incorrect grading, although the game is just postponed and will just continue some time. If the operators are warning users about the nature of the event, I think that’s already the best that they can, and it’s on the bettor if their bets take longer to grade and they have no other funds to play with.

[k@suy]

There’s a market for such so they would still offer it. There’s no real reason not to if the operators are placing some signs about the possibility of a delayed result of the event given the circumstances that the said event is in. Also, people should really learn to read first and do the bets later once they are clear that they understand how the bet works. There are cases in sports betting platforms wherein a user gets mad on the trollbox for the platform’s incorrect grading, although the game is just postponed and will just continue some time. If the operators are warning users about the nature of the event, I think that’s already the best that they can, and it’s on the bettor if their bets take longer to grade and they have no other funds to play with.

They don't need to be upset or agitated, they need to be sure to where do they need to put their bets on, I mean it is betting game, there will be always a 50-50 possibility that either they may lose or they will won, there's no in between so they need to accept if their betting side is losing, in every game as well in trading, sometimes you learn and sometimes you won't you should accept that reality.

[ReiMomo]

It's not on the casino and the gambling event neither who will be proclaimed to be the next president of the US, I guess it's already in the bettors since they know for a fact that in the election, candidates sometimes tend to dispute the result of counting and this can prolong the outcome yet they still did place their wager in this ending event.

For this, I will still consider that they should still continue doing ending events even with elections for it can still bring entertainment and in fact, it is for a much longer period of excitement lol.

[Russlenat]

It's not on the casino and the gambling event neither who will be proclaimed to be the next president of the US, I guess it's already in the bettors since they know for a fact that in the election, candidates sometimes tend to dispute the result of counting and this can prolong the outcome yet they still did place their wager in this ending event.

For this, I will still consider that they should still continue doing ending events even with elections for it can still bring entertainment and in fact, it is for a much longer period of excitement lol.

The event is still active hence the bet should still be active.
Other sites find it risky but there are sites who can offer the safe as they know how to manage the risk at the same time.

It's true mate, it's up to the gamblers now if they will still bet or not, they are given the choices, so if they make mistakes, it's their fault not the site.

The excitement you are talking could be real though, especially if you are betting on the underdog and it will turn out to be a winner.
What a surprise, and you'll earn a decent bucks.

[traderethereum]

Maybe if the casinos can see the other ways to make more money, they will not stop offering other events to their members and invite more people to join in those events.

Yes, in such cases it is actually players who suffered because the bet were held and it costs user not the sportsbook. I really appreciate how stake paid out Biden bets and let the Trump one stands but not all sportsbooks took the same path.

I do not think events like these will have any trouble in future because not every time there are election voter fraud claims and usually voting results are accepted by both parties. I don't mind betting on such events because these are the only times when you are betting on something where you can use the knowledge and brain to guess who will win instead of relying on luck.

Maybe the rule in other sportsbooks will not be the same, so that we might see a different decision related to the bet.
If people can be wise to act related to placing the bet or not, they will know the consequences to do that, and they will not place the bet if they think that will not benefit them.
I guess that fraud will always happen in many events, but we don't know if that is really happening or it will not happen.
People who have the knowledge and can use their brains will have a chance to be the winner, but if that is related to gambling, they can forget it and will follow their emotions.

[rodskee]

It's not on the casino and the gambling event neither who will be proclaimed to be the next president of the US, I guess it's already in the bettors since they know for a fact that in the election, candidates sometimes tend to dispute the result of counting and this can prolong the outcome yet they still did place their wager in this ending event.

maybe in other countries that a losing candidate is making dispute but not in USA mate,you can count in hand finger those same situation as what this presidential election has.
that's why Bettors did not really anticipate this coming because if this happen in some place in asia?expect that only few will join the event.
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For this, I will still consider that they should still continue doing ending events even with elections for it can still bring entertainment and in fact, it is for a much longer period of excitement lol.

Lol in gambling Waiting for the result is the last thing that will entertain Gamblers.

We wanted to Take our winning or accept our defeat as soon as possible .

[nasipadang]

The nice thing about betting on open events is that you can do this weeks or months in advance, just like you can bet on the winner of the European championships in 2020 (2021)

[bonjouros]

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?

If the casinos can earn a huge amount of money in hosting this kind of betting then I am pretty sure that they will continue in offering this kind of  bets.

But this kind of bets where we need to bet if who will be the winner in the upcoming elections is pretty difficult to host also if I were to consider but I am sure that the casino owners already know what they are going to do in order to avoid any problems to all the bets that they handled. But I saw some of casino owners that pays already their users as they declared Biden as the winner in US election.

[South Park]

Probably not. As long as gambling and betting still permit, this kind of activity will keep rolling til next election/s or any huge events.
People love and this also serves as their support to the one that he loves to be on the position. I think there is no problem that makes this to stop.

Some countries, some gamblers are also practicing this one, could be a local event or national event. This could still be played for the coming years and for the next set of gamblers.

This will continue and its not really that relevant for bookies on closing up  their doors with these kind of bets to think that they are making money with it.Why the heck they would close it out?

Just because of the recent issues and conflicts with that recent presidency run? Situations like this could happen but it wont really be an enough reason for them to close or exclude these
kind of events on next time.

The money do rolls out on here and into other events as well.As long they would able to see that  they can benefit it out then theres no sense that they will just simply
stop it for some ethical purposes.

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.

[Pamadar]

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.