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When will B/f settle presidency market?

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By:
SontaranStratagem
When: 15 Nov 20 19:50
Betfair should pay out, because their rules stated whoever won the electoral college and that's now been declared by all the media outlets
By:
Whisperingdeath
When: 15 Nov 20 20:05
Bloody 'ell!

Are you feeling alright my old chinaaa?

Were you just winding people up these last few days?
By:
SontaranStratagem
When: 15 Nov 20 20:14
No

Mr Trump was robbed, but the rules on Betfair stated whoever the media declared as the EC winner

And they've given it to Biden 306 to 232
By:
SontaranStratagem
When: 15 Nov 20 20:16
The media can't declare a winner but heyho

But that's betfairs ruling
By:
----you-have-to-laugh---
When: 15 Nov 20 20:17
Pop vote 1.03
Next pres 1.05
Winning party 1.05
By:
Hank Hill
When: 15 Nov 20 20:22
Ah well, you said something sensible before going back to your conspiracy stuff SS. That's a good start though. If your man really was robbed then we'll be seeing all that evidence in court then.
By:
SontaranStratagem
When: 15 Nov 20 21:16
I'm just saying according to Betfairs rules they should be paying out
By:
felidar
When: 16 Nov 20 07:07
Even if they don't feel that they have enough certainty to pay out - it seems somewhat "underhanded" that they have kept the market trading.  Rather than simply suspend it pending clarification of which way to settle (even if that takes months).  It's almost as though they are squeezing it for every last penny they can make out of it...  Problem is, either way they settle it now they will upset a LOT of customers.  Can't see them settling it until there is something really concrete they can point to.  But even then, I can't see many of the losing betters who bet after the election ever returning to the site.
By:
politicspunter
When: 16 Nov 20 10:32
Smarkets have paid out on every state and Electoral college markets.
By:
frog1000
When: 16 Nov 20 12:20

Nov 15, 2020 -- 8:14PM, SontaranStratagem wrote:


No Mr Trump was robbed, but the rules on Betfair stated whoever the media declared as the EC winnerAnd they've given it to Biden 306 to 232


'This market will be settled according to the candidate that has the most projected Electoral College votes won at the 2020 presidential election. '

Nothing to do with the media. Will be able to project EC numbers properly once states certify the election. Once those numbers are done payout should happen as only a ‘faithless elector’ could change the result and Betfair have a clause in to cover that.

If BF hold out after that it will be unacceptable. Until then we should all be patient.

By:
politicspunter
When: 16 Nov 20 12:23
Total drivel. It is projected Electoral College votes, not certified official ones.
By:
frog1000
When: 16 Nov 20 12:25
Once we have the certified state results you will be able to make a projection of how the EC will vote and who will win.

Until then it is all guess work by the media and others.
By:
----you-have-to-laugh---
When: 16 Nov 20 12:25
We are patient.

It's odd that frog seeks to redefine
the rules of a market where
the definition is clear, without
him trying to alter it.
By:
politicspunter
When: 16 Nov 20 12:26
Frog, you are simply making things worse daily for Betfair.
By:
frog1000
When: 16 Nov 20 12:27
Does saying my interpretation.

Anyone given their account manager a call to find out exactly what is happening?
By:
politicspunter
When: 16 Nov 20 12:27
From another site...

We are all aware of the mighty election battle that takes place in Georgia on January 5th in the runoff elections that could determine whether the Republicans or the Democrats control the Senate. If the Republicans hold the seats then they retain a majority. If the Democratic party wins both seats then with the casting vote of the Vice President, Kamala Harris they will have control albeit by narrowest of margins.

Yet as the Washington Post notes for the Republicans to suggest that the outcome determines who controls the Senate doesn’t fit with Trump’s assertion that he’ll have a second term.

Democrats tell their audiences that victory would give Vice President-elect Kamala D. Harris a tie-breaking Senate vote, unlocking the party’s agenda. Republicans warn that there’d be no stopping the Democrats if the Senate seats are lost. But so long as Trump remains unwilling to concede, they’re unwilling to explain exactly why.

For Biden’s party the message is dead simple and there’s a powerful reason why party supporters should turn out to cote. For the Republicans currently it is not so straightforward and in a very tight election race that could be critical. Remember that Georgia was an unlikely gain for the Democrats in the Presidential election.

Currently the Republicans are odds on favourites with the Smarkets exchange to retain control of the Senate – I’m on the Dems at about 3/1. The Betfair market is messy because they don’t include two Senators who caucus with the party as part of their total. Given the political reality and how the US media reports it Betfair’s approach is nonsensical.

Smarkets make it clear by stating that the Dem total is defined as “sitting US Senators .. elected on a Democratic ticket, or have publicly stated an intention to caucus with the Democratic Party (such as independent Senators Bernie Sanders and Angus King).”
By:
politicspunter
When: 16 Nov 20 12:28

Nov 16, 2020 -- 12:27PM, frog1000 wrote:


Does saying my interpretation.Anyone given their account manager a call to find out exactly what is happening?


Is your CV up to date?

By:
----you-have-to-laugh---
When: 16 Nov 20 12:31
Account managers don't press the settle
button.
By:
frog1000
When: 16 Nov 20 12:31
I do not work FOR a bookmaker or an exchange. I am just putting myself in their shoes and explaining why I think they are not paying out.
By:
politicspunter
When: 16 Nov 20 12:32
You are crap at it.
By:
frog1000
When: 16 Nov 20 12:34
What is your explanation then? Why do you think the market is unsettled?
By:
politicspunter
When: 16 Nov 20 12:35
There is no explanation.
By:
frog1000
When: 16 Nov 20 12:35
It is happening so there has to be a reason.
By:
frog1000
When: 16 Nov 20 12:36
Even if the reason is they forget to press settle there has to be a reason.
By:
politicspunter
When: 16 Nov 20 12:37
I have been paid out on another exchange on all markets, no problem. I have been paid out by all bets I had with bookies, no problem. Betfair are the problem.
By:
----you-have-to-laugh---
When: 16 Nov 20 12:37
They run risk of having to pay out
twice, on both trump and biden
because of their own misreading
of their own rules.
By:
politicspunter
When: 16 Nov 20 12:38
Sorry, make that Betfair Exchange are the problem, Betfair Sportsbook have paid out.
By:
----you-have-to-laugh---
When: 16 Nov 20 12:40
A court would want to know
why they allowed folk to
bet on such a clearly defined
outcome, then change the definition.


They will remember the mad world
Xmas number 1,when they lost
a ruling because they went
against common sense.
By:
frog1000
When: 16 Nov 20 12:45
You keep saying that but you fail to understand that there might be a reason.

I have given a possible one.
By:
politicspunter
When: 16 Nov 20 12:45
No you haven't, you are making things worse for Betfair by highlighting their failings.
By:
frog1000
When: 16 Nov 20 12:47
Have you actually tried asking Betfair what the reason is for them not settling?
By:
frog1000
When: 16 Nov 20 12:49
Everyone else can do so if they wish. As I have clearly explained seeded exchanges or bookmakers are in a different situation.
By:
----you-have-to-laugh---
When: 16 Nov 20 12:49
Pence backers might be looking
for a refund too, due to failure
to suspend market...
By:
frog1000
When: 16 Nov 20 12:50
Have you actually tried asking Betfair what the reason is for them not settling?
By:
----you-have-to-laugh---
When: 16 Nov 20 12:53
Lots of folk have asked

They posted an explanation of sorts
that ignores reason, and is
pretty much out of date.

By not settling they simply put
more pressure on themselves
and open themselves to legal
arguments.
By:
----you-have-to-laugh---
When: 16 Nov 20 12:56
I can phone some contacts I have
and likely they will be ever
so sweet and ask me to be patient
whilst telling me it's over their
pay grade.

Doubtless the big hitters that
have controlled the market
wish for it to remain open.
By:
----you-have-to-laugh---
When: 16 Nov 20 13:03
..

https://twitter.com/MeidasTouch/status/1328299276447977477?s=19
By:
Sica Dan
When: 16 Nov 20 18:32
Betway havnt paid out either so betfair not alone.
By:
dave1357
When: 16 Nov 20 19:19
I on't think betway have paid out on the Cheltenham Gold Cup yet Grin
By:
Charlie
When: 16 Nov 20 19:23
The odds on Trump are quite interesting in that they go up during UK awake time and have gone down when you wake up in the morning.
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