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When will B/f settle presidency market?

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By:
kevinglass
When: 14 Dec 20 19:33
I spoke to Betfair and they are pretty adamant that there will be NO settlement today.
Their one liner is....'it won't be today, we will need to wait for everything to have a final result'


I suppose in future they'll wait for the drug test results before they pay out on the 2.30 at Kempton. It makes as much sense as all this malarky.
By:
Charlton2005
When: 14 Dec 20 19:34
HE WILL!!!!
By:
rock piper
When: 14 Dec 20 19:34
2B+ market and investors have no idea when or if they receive their funds, it's not the Gambling Commission should be knocking up Betfair Towers, it's Inspector Knacker.
By:
PeteTheBloke
When: 14 Dec 20 19:36
This is pretty good and quite prescient too

https://www.buzzfeednews.com/article/paulmcleod/2020-election-12th-amendment-electoral-college-nightmare

He reckons Pelosi could shaft the fecker if it gets to that stage.
By:
johnni
When: 14 Dec 20 19:37

Dec 14, 2020 -- 7:29PM, A_T wrote:


are the GOP "electors" wearing clown outfits?


No. They wear outfits of the winner.

By:
Charlton2005
When: 14 Dec 20 19:37
kevinglass
14 Dec 20 20:33
Joined: 05 Sep 11 | Topic/replies: 599 | Blogger: kevinglass's blog
I spoke to Betfair and they are pretty adamant that there will be NO settlement today.
Their one liner is....'it won't be today, we will need to wait for everything to have a final result'


I suppose in future they'll wait for the drug test results before they pay out on the 2.30 at Kempton. It makes as much sense as all this malarky.


two points

(1) I think those kind of things are never allowed for
(2) even if it was, it wouldn't be a big issue to reverse 0.5m of bets

I am with you, I am waiting to be paid, but I get their argument, especially in terms of popular vote. in terms of projected votes, that is over today, no matter what they say, i.e. the projected votes do not exist anymore.
By:
PeteTheBloke
When: 14 Dec 20 19:41
It's ironic that we're all sitting here watching the highlights of a game we've already seen.

And talking about it as if it's happening live.
By:
CLYDEBANK29
When: 14 Dec 20 19:41
It's so dumb.  If Trump was to somehow remain President and they settled on Trump, there would be a class action against Betfair that would surely be successful, and possibly bankrupt the company.  Regardless this mess, of almost entirely their own making, could end up in a national newspaper and cause significant harm to their reputation.
By:
Charlton2005
When: 14 Dec 20 19:43
PeteTheBloke
14 Dec 20 20:41
Joined: 10 Mar 03 | Topic/replies: 3,578 | Blogger: PeteTheBloke's blog
It's ironic that we're all sitting here watching the highlights of a game we've already seen.

And talking about it as if it's happening live.


that's brilliant Pete
By:
PeteTheBloke
When: 14 Dec 20 19:47
You've made my day :)
By:
politicspunter
When: 14 Dec 20 20:16
203-181 Biden. Nothing in it.
By:
PeteTheBloke
When: 14 Dec 20 20:21
The Twitter experts are expecting Trump's price to touch 100 tonight. They can't wait to "invest" more
on him. Lovely jubbly Rodders.
By:
politicspunter
When: 14 Dec 20 20:22
This time next year...
By:
bingo bongo
When: 14 Dec 20 20:24
Pretty crazy that when Trump was diagnosed with Covid the markets were suspended to "protect customers" yet here we are still betting after the outcome has been known for weeks.
By:
----you-have-to-laugh---
When: 14 Dec 20 20:31
World has gone mad, 2020 rules
By:
politicspunter
When: 14 Dec 20 20:53
240-229 Biden. Trump on the chaaargeeee...
By:
A_T
When: 14 Dec 20 20:55
240-229 - too close to call at this point
By:
----you-have-to-laugh---
When: 14 Dec 20 21:02
Hope there's not a load of Biden votes coming
in a ferrari whilst the trump bandwagon stalls...
By:
Charlton2005
When: 14 Dec 20 21:06
Grin
By:
PeteTheBloke
When: 14 Dec 20 21:08
1.04 coming soon
By:
PeteTheBloke
When: 14 Dec 20 21:16
Four states left to deliver. California 55 votes. It kinda looks like Biden won again.
By:
Total Bosman
When: 14 Dec 20 21:18
Truly incredible that a 1.7 billion pound market is now more about when or if Betfair will settle it correctly than the event itself.
By:
womble
When: 14 Dec 20 21:19
Friend of mine just made the very valid point that they can't really tell anyone when they're actually going to settle, as if they said to all their employees and customer service agents that, for example, they're going to suspend and then settle the markets as soon as the Hawaii votes are in (the final ones, just after midnight GMT), then that would be a huge temptation for some of them to pass that info to their mates so they could clean up knowing that they can't possibly lose. 

So even if they do plan to settle in the near future (which I still strongly suspect they do), then they have to keep at least the exact timing a secret. 

That said, they should probably tell their customer service guys to stop tweeting out stuff like this: https://twitter.com/BetfairCS/status/1338537074035728387

This really is a totally weird situation!
By:
politicspunter
When: 14 Dec 20 21:19
If California now votes for Trump, he wins. This must be why folks are piling money on him surely?
By:
politicspunter
When: 14 Dec 20 21:25

Dec 14, 2020 -- 9:19PM, womble wrote:


Friend of mine just made the very valid point that they can't really tell anyone when they're actually going to settle, as if they said to all their employees and customer service agents that, for example, they're going to suspend and then settle the markets as soon as the Hawaii votes are in (the final ones, just after midnight GMT), then that would be a huge temptation for some of them to pass that info to their mates so they could clean up knowing that they can't possibly lose.

By:
Angoose
When: 14 Dec 20 21:25
Psychic spies from China try to steal your mind's elation
And little girls from Sweden dream of silver screen quotation
And if you want these kind of dreams it's Californication
By:
politicspunter
When: 14 Dec 20 21:26
womble • December 14, 2020 9:19 PM GMT
Friend of mine just made the very valid point that they can't really tell anyone when they're actually going to settle, as if they said to all their employees and customer service agents that, for example, they're going to suspend and then settle the markets as soon as the Hawaii votes are in (the final ones, just after midnight GMT), then that would be a huge temptation for some of them to pass that info to their mates so they could clean up knowing that they can't possibly lose.

Well, they can't lose anyway, can they?
By:
mmmalushka
When: 14 Dec 20 21:33
14/12/2020  settlement day just waiting for California,and Tramp being backed at 27, unreal.
By:
PeteTheBloke
When: 14 Dec 20 21:34
We all know we are working in a cynical industry, but it makes me feel a bit queasy that BF are prepared to use
this as a way to recruit thousands of mug punters. No one ever knew that betting after the result is known could
be so popular.
By:
womble
When: 14 Dec 20 21:35
Well yes, we know they couldn't lose anyway, but presumably many wouldn't want their life savings tied up until January 6th or 20th!  If I told you that I'd give you a 3%+ return on your money, 100% guaranteed, in 48 hours, you'd probably be keen, right?

I just hope they settle before everyone finds out about Hugo Chavez rigging all those voting machines for Biden anyway. ;-)
By:
politicspunter
When: 14 Dec 20 21:35
You should try greyhound racing at flappers.
By:
womble
When: 14 Dec 20 21:36
California in about 30 minutes (10pm GMT) settles it. If they're going to suspend the market immediately it'll either be then, or when Hawaii votes at midnight GMT, though that is only 3 votes so doesn't change anything.
By:
dave1357
When: 14 Dec 20 21:37
^^^^What should make you queasy is that they would be delighted to take £100ms from sharps and give it to mugs.
By:
PeteTheBloke
When: 14 Dec 20 21:42
dave1357
Date Joined: 05 Sep 10
Add contact | Send message
14 Dec 20 22:37
Joined: 05 Sep 10
| Topic/replies: 15,427 | Blogger: dave1357's blog
^^^^What should make you queasy is that they would be delighted to take £100ms from sharps and give it to mugs.


Ha ha ha ha ha
By:
Sergeant Cecil
When: 14 Dec 20 21:42

Dec 14, 2020 -- 9:19PM, womble wrote:


Friend of mine just made the very valid point that they can't really tell anyone when they're actually going to settle, as if they said to all their employees and customer service agents that, for example, they're going to suspend and then settle the markets as soon as the Hawaii votes are in (the final ones, just after midnight GMT), then that would be a huge temptation for some of them to pass that info to their mates so they could clean up knowing that they can't possibly lose.

By:
Sergeant Cecil
When: 14 Dec 20 21:43
You're right, it's quite absurd that they haven't given their CS staff an explicit position to take that they will all just repeat verbatim. Incredible to let them all just go off script.
By:
Charlton2005
When: 14 Dec 20 21:43
in their interest to give it to the mugs cos then they make more comm too
By:
politicspunter
When: 14 Dec 20 21:48
Heightened security was put in place in some states, including Michigan and Georgia. In Michigan legislative offices in the state capital Lansing were closed on Monday due to "credible" threats of violence ahead of the vote.


The vote at the capitol building went ahead peacefully, with all 16 electors casting their votes for Joe Biden, who won the important swing state. A group of Republicans tried to enter the building to hold their own vote but were turned away.

"The people have spoken. It was a safe, fair and secure election," said Governor Gretchen Whitmer, a Democrat who had been the subject of a kidnapping plot thwarted by the FBI earlier this year. "After today, the results will be final."
By:
Total Bosman
When: 14 Dec 20 21:52
10 minutes until Biden wins the electoral college so naturally Trump continues to shorten in a market about the winner of the electoral college.
By:
----you-have-to-laugh---
When: 14 Dec 20 21:59
Maybe Biden will request settlement in tonight's acceptance
speech!
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