Gambling sites refuse to call election for Biden, leaving $600 million in limbo

[Leroy N. Soetoro]

https://nypost.com/2020/11/13/wagered-millions-in-limbo-as-election-gets-
decided/

President Trump is not the only one who adamantly refuses to credit Joe
Biden with winning the 2020 presidential election.

Honchos at online gambling sites around the world, which take wagers on
election outcomes, are also refusing to call Biden president-elect,
despite the final tallies in his favor in what’s been called a
historically secure election. Now, millions of dollars in gamblers’ wins
and losses hang in the balance.

At one site alone, London-based Betfair, nearly $600 million in
presidential wagers are hanging tight.

Bookmakers typically have no qualms about coughing up big bucks when Super
Bowls go sideways or boxing matches go to hell. In 1990, Buster Douglas
shocked the world by knocking out mighty Mike Tyson, defying odds as high
as 42-1 and leading one gambler to win $57,000 on a $1,500 wager (before
the disparity even peaked). But this time, online gambling sites (which
offer a mode of betting that is illegal in the US) are keeping hands in
pockets during this month’s commander-in-chief stalemate.

“We still have not graded a winner,” Adam Burns, sportsbook manager of
BetOnline, told The Post.

Burns said he’s reserving a decision until Trump exhausts his legal
options.

“People who bet Trump say it is not over. People who bet Biden say it is.
This makes for a tricky situation where we have to be sure. It’s not like
a football game” in terms of there being a clear-cut victor, Burns said.

It’s also not like a football game in terms of money that has been
wagered. Burns said his site brought in a seven-figure total for this
election. Others brought in similar totals.

“The presidential election was bigger than the Super Bowl, which is
normally our biggest event of the year,” said Burns. “We kept taking
action, with fluctuating odds for a few days after the election. But now
the bet is [no longer available] and we’re hoping for an official
decision.”

According to Bloomberg Wealth, gambling sites have learned their lessons
from past missteps. In 2016, the Irish gambling platform PaddyPower paid
out more than $1 million on Hillary Clinton as the winner — prior to
Election Day.

But, even as presidential bettors cool their heels, they are not
completely out in the cold. The gambling site 888 is offering action on
whether Trump will last the full term in office (betting “no” will get you
6-1 odds) and Biden winning in 2024 is 12-1 at BetOnline, with thinner
odds planned for wagers on Kamala Harris taking over the presidency in
2022.

“We’ll probably put it at 7-1 or something like that,” said Burns. “The
age thing plays into it,” he said, referring to Biden, 77, and Harris, 56.

For now, though, he is most keenly focused on a definitive outcome of the
presidential election. Personal politics aside, Burns admits to pulling
for Biden as a professional play.

“If Biden comes in, it’s a big win for us,” he said, explaining that the
site’s customers favored Trump. “If Trump is declared the winner, we will
take a bath. It will not be a happy day here.”


--
No collusion - Special Counsel Robert Swan Mueller III, March 2019.

Donald J. Trump, cheated out of a second term by fraudulent "mail-in"
ballots.

Thank you for cleaning up the disaster of the Obama / Biden fiasco,
President Trump.

Under Barack Obama's leadership, the United States of America became the
The World According To Garp. Obama sold out heterosexuals for Hollywood
queer liberal democrat donors.

President Trump boosted the economy, reduced illegal invasions, appointed
dozens of judges and three SCOTUS justices.

Report voter fraud: sf.n...@mail.house.gov