If there is any material change to the established role or any ambiguity as to who occupies the position, then Betfair may determine, using its reasonable discretion, how to settle the market based on all the information available to it at the relevant time. Betfair reserves the right to wait for further official announcements before the market is settled.
Betfair expressly reserves the right to suspend and/or void any and all bets on this market at any time if Betfair is not satisfied (in its absolute discretion) with the certainty of the outcome.
DOASYOULIKEY.
If there is any material change to the established role or any ambiguity as to who occupies the position, then Betfair may determine, using its reasonable discretion, how to settle the market based on all the information available to it at the releva
put a dot on the line underneath and the link will show
the thing is that the rules are set so that betfair can pay out as soon as the candidate with the most EC votes is projected and subsequent events don't matter. The only issue would be biden dying AND the states stopping counting.
put a dot on the line underneath and the link will showthe thing is that the rules are set so that betfair can pay out as soon as the candidate with the most EC votes is projected and subsequent events don't matter. The only issue would be biden dyin
https://www.smh.com.au/world/north-america/what-happens-if-a-presidential-ca... ............................................................................ put extra just in case lol
https://www.smh.com.au/world/north-america/what-happens-if-a-presidential-candidate-dies-20201009-p563nf.html ............................................................................ put extra just in case lol
still re the bf rules the question is on where they decide "projected" sits, i initially took it as first to get to 270 but once trump starts challenging in court i'm no longer sure where that now is
still re the bf rules the question is on where they decide "projected" sits, i initially took it as first to get to 270 but once trump starts challenging in court i'm no longer sure where that now is
Dave if you have backed him in the shops I think you will have to wait a long time to collect a month at the very earliest.
hope you are well have a nice evening regards Ronnie.
Daveif you have backed him in the shops I think you will have to wait a long time to collect a month at the very earliest.hope you are wellhave a nice eveningregardsRonnie.
05-Nov-20 11:42:25 USA - Presidential Election 2020 Kamala Harris - Next President Betfair Bet ID 1:215902438450 | Matched: 05-Nov-20 11:42:26 Back 1000.00 80.00 -- -- 79,920.00 Matched
05-Nov-2011:42:25 USA - Presidential Election 2020Kamala Harris - Next PresidentBetfair Bet ID 1:215902438450 | Matched: 05-Nov-20 11:42:26 Back 1000.00 80.00 -- --79,920.00Matched
As the market rules are written, it is possible that Betfair will end up paying out on the "Next President" market on a candidate who does not become the next president, which would be unfortunate, to say the least.
As we saw with the massive confusion over the Theresa May resignation market, the people at Betfair who write the rules for these political bets are not constitutional experts, and they cannot be relied on to draw up rules in a coherent and watertight way.
Anyway, a bet on Kamala Harris could be interesting if, as we expect, the result of the election is legally contested by Team Trump, probably going all the way to the Supreme Court. The electoral officials in the States which are contested by Trump will most likely NOT able to certify their results (and appoint electors) to the Electoral College UNTIL the legal proceedings are concluded.
Even if the mainstream media is claiming that Biden has won, it is hard to see how Betfair could settle the "projected Electoral College votes" whilst the correct number of College Electors in one, or several, states is still being officially determined.
Now, if Biden croaked before the Supreme Court decision (which theoretically might not be until mid-December) and Kamala Harris stepped in for Biden, then the "projected" Biden Electors would become Harris Electors, and the Electoral College would nominate Harris as the next President. In that instance, Betfair should pay out on Harris, not Biden.
As the market rules are written, it is possible that Betfair will end up paying out on the "Next President" market on a candidate who does not become the next president, which would be unfortunate, to say the least. As we saw with the massive confusi
If a horse dies after the winning line the bet still pays. The betfair market is designed to be settled on the projected EC votes after the election and not the actual after the EC process. In addition the market rules ignore "subsequent events". The rules are designed to pay out quickly and they will do so, citing their rules as the justification.
If a horse dies after the winning line the bet still pays. The betfair market is designed to be settled on the projected EC votes after the election and not the actual after the EC process. In addition the market rules ignore "subsequent events". The
There have been a total of 165[3] instances of faithlessness as of 2016, 63 of which occurred in 1872 when Horace Greeley died after Election Day but before the Electoral College convened. Nearly all have voted for third party candidates or non-candidates, as opposed to switching their support to a major opposing candidate.
given the above and the betfair rules on faithless electors, it is impossible for harris to win
There have been a total of 165[3] instances of faithlessness as of 2016, 63 of which occurred in 1872 when Horace Greeley died after Election Day but before the Electoral College convened. Nearly all have voted for third party candidates or non-candi
longbridge 05 Nov 20 14:04 Joined: 25 Nov 10 | Topic/replies: 2,669 | Blogger: longbridge's blog Not a 1000/1 shot. Not even a million-to-1 shot.
The market rules say "This market will be settled according to the candidate that has the most projected Electoral College votes won at the 2020 presidential election."
There is literally no way that can be anyone other than Biden or Trump.
And yes, the market name and market rules being different things is not exactly ideal
yep, sorry, didn't see this posted earlier.
longbridge 05 Nov 20 14:04 Joined: 25 Nov 10 | Topic/replies: 2,669 | Blogger: longbridge's blog Not a 1000/1 shot. Not even a million-to-1 shot.The market rules say "This market will be settled according to the candidate that has the most projected
true, I think that was why betfair deleted the thread on politics where an idividual who we will call mr ramper (not his real name) was very vigorous in his arguments.
true, I think that was why betfair deleted the thread on politics where an idividual who we will call mr ramper (not his real name) was very vigorous in his arguments.
was that fxdux that got deleted? the graph tells the story, but if you look at the unmatched chunks sitting at 4.0 and below one or more people are sitting on a big payoff if she steams
was that fxdux that got deleted? the graph tells the story, but if you look at the unmatched chunks sitting at 4.0 and below one or more people are sitting on a big payoff if she steams
As I've said before, I think BF will close the market ASAP. Their rules allow them to do it and they can use the "subsequent events are irrelevant" rule to quash any dissent.
As I've said before, I think BF will close the market ASAP. Their rules allow them to do it and they can use the "subsequent events are irrelevant" rule to quash any dissent.
i tend to agree, the first chance might be later today when a couple more declare, can't see a trump phone call happening though he's in complete denial
i tend to agree, the first chance might be later today when a couple more declare, can't see a trump phone call happening though he's in complete denial
I think they will respect official recounts, but ignore trump's spurious legal challenges. They haven't closed michigan state yet as trump has indicated he wants a recount, but not sure if he has paid the money, $3m, yet.
I think they will respect official recounts, but ignore trump's spurious legal challenges. They haven't closed michigan state yet as trump has indicated he wants a recount, but not sure if he has paid the money, $3m, yet.
I understand all the arguments that Harris won't be settled as the winner in any way. But ... imagine the stories in the press from disgruntled 999/1 backers if Harris does become president and their bets are settled as losers.
You've got a market with the title USA - Presidential Election 2020 - Next President, and Betfair would be paying out on a man six foot under and pushing up the daisies.
I understand all the arguments that Harris won't be settled as the winner in any way. But ... imagine the stories in the press from disgruntled 999/1 backers if Harris does become president and their bets are settled as losers.You've got a market wit
It doesn't help that they've left the market up with dozens of candidates other than Biden and Trump listed. If those candidates can't win according to the rules, why haven't they all been settled as losers, and their names removed?
Betfair do that in other ante-post markets. Look at the IPL market, for instance:
Betfair have settled and removed the four teams already knocked out. So why haven't they done it here, if Harris et al. genuinely have been knocked out of the race?
It doesn't help that they've left the market up with dozens of candidates other than Biden and Trump listed. If those candidates can't win according to the rules, why haven't they all been settled as losers, and their names removed? Betfair do that i
All they're going to get is a photo in the Daily Mail of gutted Tyneside punter Richard Dangleflaps, standing outside a motor dealer's with his 999/1 voucher and gazing mournfully at the porch he'd always dreamed of.
All they're going to get is a photo in the Daily Mail of gutted Tyneside punter Richard Dangleflaps, standing outside a motor dealer's with his 999/1 voucher and gazing mournfully at the porch he'd always dreamed of.
I have bets on here and Korals in UK (including 'cover' bets on Pence and Harris)
As far as i'm concerend, when i placed the bets, i assumed it was for the man/woman standing as President on January 21st 2021, but if BF pay out before then i'm certainly not complaining.
I have bets on here and Korals in UK (including 'cover' bets on Pence and Harris)As far as i'm concerend, when i placed the bets, i assumed it was for the man/woman standing as President on January 21st 2021, but if BF pay out before then i'm certain
Please note that candidates in this market will not be partially settled and will remain in the market until it is fully settled. This is to allow customers to continue trading candidates that they have positions on and because each candidate is still a valid runner in this market.
This might explain why other candidates still show, it's in the rules.....
Please note that candidates in this market will not be partially settled and will remain in the market until it is fully settled. This is to allow customers to continue trading candidates that they have positions on and because each candidate is stil
"If those candidates can't win according to the rules, why haven't they all been settled as losers, and their names removed?"
Because it's bad enough when they do that in the Premiership Winner market, and this one is orders of magnitude bigger.
If you have green-booked the market, but they settle your losing selections before your winning selection, you have to fund those losses from your balance (or live with being in negative balance and unable to bet) until the winner gets settled - and for the size of some people's positions on a half-bilion-pound-matched market, that's a lot of funds to find for potentially weeks of time.
The best answer might be what they do with antepost Racing markets, where the dead horses or those not entered etc are hidden from the market and backers' exposure freed up, but not settled until the winner is known?
@screaming.."If those candidates can't win according to the rules, why haven't they all been settled as losers, and their names removed?"Because it's bad enough when they do that in the Premiership Winner market, and this one is orders of magnitude b
But leaving them in, and explicitly stating that "each candidate is still a valid runner in this market", is surely leaving a great big stinking can of worms open.
Yes, longbridge. That's the solution.But leaving them in, and explicitly stating that "each candidate is still a valid runner in this market", is surely leaving a great big stinking can of worms open.
maybe but it stops them having to make decisions - and remember it is possible for US voters to simply write the name of their choice on the ballot, so on that basis everyone is live until the final counts.
maybe but it stops them having to make decisions - and remember it is possible for US voters to simply write the name of their choice on the ballot, so on that basis everyone is live until the final counts.
once the states have declared, THAT is the result according to betfairs rules. the states are declaring for one of two people only. who gets the actual votes is not relevant. if the guy from California votes actually votes his 55 votes for trump after standing for and winning for the dems, bf will still count those votes for biden.
you are not betting on who the next pres is, you are betting on who gets 270 once all the states have declared. they cannot declare for harris ergo harris cannot win in this market.
once the states have declared, THAT is the result according to betfairs rules. the states are declaring for one of two people only. who gets the actual votes is not relevant. if the guy from California votes actually votes his 55 votes for trump afte
trumps decent into madness will soon be silenced , even his own party realise the dangers of him stirring up 50% of america
they dont want millions of gun totting lunatics wandering around feeling cheated , they are just looking for a cause
early rumblings of angry gatherings already and result not announced yet
trumps decent into madness will soon be silenced , even his own party realise the dangers of him stirring up 50% of america they dont want millions of gun totting lunatics wandering around feeling cheated , they are just looking for a cause early rum
i played the life insurance trade on kamala - ie back her at 1000-1. covered my premium at 500-1 for a free roll. bet is on betfair so i have this until biden is projected with an EV majority, not on actual outcomes. caveat emptor.
i played the life insurance trade on kamala - ie back her at 1000-1. covered my premium at 500-1 for a free roll. bet is on betfair so i have this until biden is projected with an EV majority, not on actual outcomes. caveat emptor.
Uncle Max 07 Nov 20 09:14 Joined: 18 Feb 03 | Topic/replies: 6 | Blogger: Uncle Max's blog i played the life insurance trade on kamala - ie back her at 1000-1. covered my premium at 500-1 for a free roll. bet is on betfair so i have this until biden is projected with an EV majority, not on actual outcomes. caveat emptor.
as has been said already. he wins even if he is dead. not "life assurance" in any way.
Uncle Max 07 Nov 20 09:14 Joined: 18 Feb 03 | Topic/replies: 6 | Blogger: Uncle Max's blog i played the life insurance trade on kamala - ie back her at 1000-1. covered my premium at 500-1 for a free roll. bet is on betfair so i have this until bide
Everyone who thought that if Trump kicked the bucket or otherwise resigned from office, before votes were done counted, Pence would be "Next President" raise their hand
Everyone who thought that if Trump kicked the bucket or otherwise resigned from office, before votes were done counted, Pence would be "Next President" raise their hand
one state took the night off ? can't remember what one
madness
Why ON EARTH aren`t they doing it more quickly to keep someone on Betfair happy? It`s just crazy.
complete joke how long its takingone state took the night off ? can't remember what onemadnessWhy ON EARTH aren`t they doing it more quickly to keep someone on Betfair happy? It`s just crazy.
Who will be elected to be the next President of the United States of America as a result of the 2020 presidential election?
bidens won, can still back him at 1.04 ??
Who will be elected to be the next President of the United States of America as a result of the 2020 presidential election?bidens won, can still back him at 1.04 ??
only reservation would be it took 6 hours to count the first 98% of the votes & it's taken 5 days to count the rest, which will decide the result ... something going on ??
only reservation would be it took 6 hours to count the first 98% of the votes & it's taken 5 days to count the rest, which will decide the result ... something going on ??
Harris is 440 - 460 in the next president market but the gender of the next president markets are 100 - 150
Willie are you going to back her at 440 and lay her at 150?
Why isn't there any cross matching being done?Harris is 440 - 460 in the next president market but the gender of the next president markets are 100 - 150Willie are you going to back her at 440 and lay her at 150?
Didn't check that Dave, but do you think the differences would affect the result?
I notice the 150 has been taken and is out to 290 now, if I was willing to risk a couple of grand which to make a small profit I would, but the timescale seems to be very unclear or I would have done a bit of trading.
Didn't check that Dave, but do you think the differences would affect the result?I notice the 150 has been taken and is out to 290 now, if I was willing to risk a couple of grand which to make a small profit I would, but the timescale seems to be ver
This market will be settled on the presidential nominee who is projected to be President based on the public vote. If there is any material change to the established role of President or any ambiguity as to who is voted in to occupy the position, then Betfair reserves the right to void this market at its absolute discretion. If any doubt exists as to the outcome of the election, then this market will be settled on the official public announcement of the election result from the Federal Election Commission.
It is not in the FEC's remit to make such an announcement, so theoretically this market will only be settled when Biden enters the WH (as then no doubt will exist).
The president market is
This market will be settled according to the candidate that has the most projected Electoral College votes won at the 2020 presidential election. Any subsequent events such as a ‘faithless elector’ will have no effect on the settlement of this market
And should be settled now, but betfair are ignoring their rules.
The "party" market rule isThis market will be settled on the presidential nominee who is projected to be President based on the public vote. If there is any material change to the established role of President or any ambiguity as to who is voted in t
Some Republicans went to bed thinking they had won and couldn't understand why things were reversed in the morning. By what I can gather, Trump urged his supporters not to use the postal vote as he thought it was ****. Hence the postal votes were counted last and mostly for the Democrats.
That's the way I see it anyways.
Some Republicans went to bed thinking they had won and couldn't understand why things were reversed in the morning. By what I can gather, Trump urged his supporters not to use the postal vote as he thought it was ****. Hence the postal votes were cou
My guess is the main markets (Biden & Dems to win) will be settled on Monday. This is based on my theory that the Betfair big cheeses do not work weekends. It is not based on any inside knowledge.
Other markets like the ECV handicaps and actual vote numbers will have to stay open until all the counting is done, which might inconvenience some people.
My guess is the main markets (Biden & Dems to win) will be settled on Monday. This is based on my theory that the Betfair big cheeses do not work weekends. It is not based on any inside knowledge. Other markets like the ECV handicaps and actual vote
Stewarty B - I think there were two, maybe three Republican(?) states that did the postal votes first, in these states Biden took an early lead only to be overtaken by Trump!!. This seems to prove the logic of what happened in those states that Trump thinks he's won but didn't.
Stewarty B - I think there were two, maybe three Republican(?) states that did the postal votes first, in these states Biden took an early lead only to be overtaken by Trump!!. This seems to prove the logic of what happened in those states that Trump
Stewarty B - I think there were two, maybe three Republican(?) states that did the postal votes first, in these states Biden took an early lead only to be overtaken by Trump!!. This seems to prove the logic of what happened in those states that Trump thinks he's won but didn't.
Stewarty B - I think there were two, maybe three Republican(?) states that did the postal votes first, in these states Biden took an early lead only to be overtaken by Trump!!. This seems to prove the logic of what happened in those states that Trump
This is not a bet I may add but for anyone with b@lls looks a shoe in...
Win Only Market Current odds bets Back (Bet For) Odds Stake [?] Profit
Joe Biden 1.05
679097 £33,954.85 Liability: £679,097.00 Cancel all selections Place bets Confirm bets before placing Show % Book
This is not a bet I may add but for anyone with b@lls looks a shoe in...Win Only MarketCurrent odds betsBack (Bet For)OddsStake[?]ProfitJoe Biden1.05679097£33,954.85Liability: £679,097.00Cancel all selectionsPlace betsConfirm bets before placing S
Yes blackbarn I understand that but in all my listening to the American political 'experts' on radio 5 live and LBC Trump and his supporters are more concerned about the later votes. Up to yesterday as far as I can gather, California which is pure Democratic are/were still counting their votes which must be tedious for those counting.
Yes blackbarn I understand that but in all my listening to the American political 'experts' on radio 5 live and LBC Trump and his supporters are more concerned about the later votes. Up to yesterday as far as I can gather, California which is pure De
Stewarty - I was reinforcing your point, not disputing it.
Stewarty B - I think there were two, maybe three Republican(?) states that did the postal votes first,
The second point you made there I genuinely wasn't aware of. I presumed wrongly that all ballot box votes were counted first.
Stewarty - I was reinforcing your point, not disputing it.Stewarty B - I think there were two, maybe three Republican(?) states that did the postal votes first,The second point you made there I genuinely wasn't aware of. I presumed wrongly that all b
Uncle Max 07 Nov 20 09:14 Joined: 18 Feb 03 | Topic/replies: 6 | Blogger: Uncle Max's blog i played the life insurance trade on kamala - ie back her at 1000-1.
i respectfully disagree. biden is right now 'president elect'. harris 'VP elect'. In US, VP->P is automatic in event of death (eg see Lincoln->Johnson). Trump is challenging the 'elect' part. Finally, i personally cannot see the issue with bf kee
To finish 3rd market makes interesting reading inasmuch as money exists to back Trump and Biden ! Does somebody know something or is this like finding money on the floor ?
To finish 3rd market makes interesting reading inasmuch as money exists to back Trump and Biden ! Does somebody know something or is this like finding money on the floor ?
there is over £40,000 in free cash there to tie up 1 million for 2-3 months
4% return for 3 months
if it was an already done and dusted result , it would be no offers . there must be some doubt to the rules, going to court or something else in play
i have no idea whats going on btw
there is over £40,000 in free cash there to tie up 1 million for 2-3 months4% return for 3 months if it was an already done and dusted result , it would be no offers . there must be some doubt to the rules, going to court or something else in playi