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tanglefoot
09 Nov 20 08:53
Joined:
Date Joined: 12 May 12
| Topic/replies: 12,986 | Blogger: tanglefoot's blog
according to betfair,no payout yet.
Pause Switch to Standard View Trump ,still in the game
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Report feedthepony November 9, 2020 9:55 AM GMT
Will still be in the game until the legal challenge is over.

Betfair ain't paying out half a billion and then reversing it.

Traditional bookies can do that as it's their liability and risk to take - won't be anywhere near the size of the exchange market.
Report politicspunter November 9, 2020 10:01 AM GMT
Other exchanges have already settled.
Report politicspunter November 9, 2020 10:05 AM GMT
Not only have other exchanges paid out on Biden, they have also paid out on states that Biden has been called to win such as Pennsylvania, Michigan, Wisconsin and Nevada. Betfair haven'tSad
Report feedthepony November 9, 2020 10:05 AM GMT
Because they will also be on the hook for half a billion pp.

Apples & Pears.

Plus there is enough money willing to lay Biden at 1.06, 1.05 & 1.04 to tell you and Betfair this ain't over yet.

I know the SNP don't like logic but there is no danger anybody is hitting the 'settle' button on a market this size for a while.
Report politicspunter November 9, 2020 10:06 AM GMT
The SNP?
Report feedthepony November 9, 2020 10:08 AM GMT
You dude - SNP - wanting to settle opinion polls as facts.

At the mment all we have is a great big opinion poll - result will be formalised in due course.
Report politicspunter November 9, 2020 10:08 AM GMT
???
Report feedthepony November 9, 2020 10:10 AM GMT
I get it too - Biden backers want it settled now as the Don ain't letting it go.

Would you take the risk you're expecting betfair to take for half a billion???  Course you wouldn't.  It could finish them.
Report politicspunter November 9, 2020 10:12 AM GMT
Well, the result has been called, others have paid out no problem.
Report politicspunter November 9, 2020 10:15 AM GMT
If I were a bookie/exchange that hadn't settled already, I would be much more worried about legal action from customers that lost money because they kept their markets open after the result had been called.
Report Sergeant Cecil November 9, 2020 10:32 AM GMT

Nov 9, 2020 -- 4:10AM, feedthepony wrote:


I get it too - Biden backers want it settled now as the Don ain't letting it go.Would you take the risk you're expecting betfair to take for half a billion???

Report Sergeant Cecil November 9, 2020 10:33 AM GMT
There's no risk, the rules state that they pay on projected winner which is Biden. Even if Trump does win, the rules of the market are clearly defined and his backers do not have a leg to stand in legally.

Pretty embarrassing to see Betfair leaning into right-wing conspiracy theories.
Report dave1357 November 9, 2020 1:30 PM GMT
still in the game of getting suckers to give him money.
Report wolf3011 November 9, 2020 1:33 PM GMT
Dave appears like a bad smell on every Trump thread despite claiming to have no bets on the political markets .. what a creepy character
Report adge November 9, 2020 1:48 PM GMT
purple not settled either
Report Sergeant Cecil November 9, 2020 1:52 PM GMT
Purple has different rules, their market is for who will be elected next President. No issue at all with this being open still. Betfair pays on projected winner, which is Biden.
Report Sergeant Cecil November 9, 2020 1:54 PM GMT
Said this a few times but it's important to remember that for settling purposes the projected winner and next President are entirely different. Betfair pays on the former, or they should do according to their rules.
Report GAZO November 9, 2020 2:00 PM GMT
keep reading about settling this market but has anyone contacted betfair to see why they have not settled it yet ?
Report dave1357 November 9, 2020 2:16 PM GMT
they say that they are waiting for legal issues to be sorted even though their rules say that is not important.

As an example of their incompetence, in one of their other markets, they say that if any doubt exists they will wait for a statement from the FEC. The FEC never makes a statement of that nature and is presently dysfunctional due to trump incompetence, so that market can't be settled until biden is actually in office.
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