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NEXT PRESIDENT MARKET

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Replies: 327
By:
lfc1971
When: 15 Dec 20 12:52
That’s not to say that there wasn’t fraud and serious malpractice in this election
There was , it was fundamentally flawed in its very process
By:
----you-have-to-laugh---
When: 15 Dec 20 13:03
By:
Charlton2005
When: 15 Dec 20 13:13
Total Bosman
Date Joined: 15 Dec 04
Add contact | Send message
15 Dec 20 13:37
Joined: 15 Dec 04 | Topic/replies: 8,617 | Blogger: Total Bosman's blog
So many angry people on Twitter are arguing that the market was Next President and so it can’t be settled until the next president is in place.

By their own literal interpretation Next President would mean the 46th President, and the only person that cannot be is the 45th President, Donald J Trump.


brilliant
By:
----you-have-to-laugh---
When: 15 Dec 20 13:46
He could resign, (irony intended) leave office,
change mind and be sworn back in, claiming the
title of potus46 just to wind up sleepy joe
and create lots of work for usa printing trade.

Meanwhile the MAGAs would get mega payouts on
next president and Guiliani could unleash the
kraken against betfairs crack usa law team...

I suspect there's more chance of lfc becoming
next POTUS, but it's been a funny year, innit
By:
katie63
When: 15 Dec 20 14:09
Republicans in all swing states plus Nevada and Arizona voted Trump in defiance of the stolen vote. Though their votes won't count, they nullified the electoral college vote today, and the election will now be decided without the electoral college.
By:
edy
When: 15 Dec 20 14:18
Wrong
By:
edy
When: 15 Dec 20 14:18
I realize you do need your safe space and hence try to escape to an alternative reality, but the elections are over. Biden won. Trump lost.
By:
edy
When: 15 Dec 20 14:22
The sooner you come to that realization, the less hurt you will feel come January 20th. The less mental gymnastics you will have to do to somehow explain why Biden became President of the United States through the electoral college after all.
By:
bigpoppapump
When: 15 Dec 20 14:25
interesting philosophical question though, when was the election decided?

was it when all those votes were cast for Biden?
was it when the votes were counted and the EC projection for Biden went above 270?
Was it when the first or second recounts in Georgia saw Biden maintain his win?
Was it when multiple Trump lawsuits, calling for Democrat votes in black cities to be flung out, were deemed baseless?
Was it when Trump's attackdog Bill Barr said there was no evidence of widespread fraud?
Was it yesterday when the EC voted Biden 306 to 232?
Will it be in January when Pence reads out the result? (looking forward to that one)
Will it be on Jan 20th when 46 is inaugurated?

personally, I think it was decided when the vote from Milwaukee was returned  Love
By:
politicspunter
When: 15 Dec 20 14:28
It was probably decided about a month before the election.
By:
----you-have-to-laugh---
When: 15 Dec 20 14:30
Katies input was sorely missed during the election and post election

But a fine replacement fot timmy and cider and the other nutters
By:
bigpoppapump
When: 15 Dec 20 14:30
when Trump caught Corona wasn't a good luck, for a man who spent all year saying it wasn't real.  "Let them drink bleach" cannot have helped him win many moderates. Economy in the toilet not helpful.

Still got to be a real fk up not to win as incumbent.  Most incumbents win.
By:
politicspunter
When: 15 Dec 20 14:31
Reminds me of the story from a Celtic-Rangers derby. Bertie Auld of Celtic had his leg broken. When they asked Bertie when he knew his leg was broken he replied "When I saw John Greig running towards me".
By:
----you-have-to-laugh---
When: 15 Dec 20 14:38
I think it was when he beat Clinton by cheating
his fate was sealed

Still a chance he gets chucked and killary takes over...
By:
dave1357
When: 15 Dec 20 14:45
^^ Grin
By:
filho11
When: 15 Dec 20 16:09
The rules certainly condtradict the tittle of the bet, "Next President". The bet should have been titled, "Electoral Collage vote winner". Possibly two different options.
By:
lfc1971
When: 15 Dec 20 16:15
Same thing , so no problem
By:
lfc1971
When: 15 Dec 20 16:23
Maybe you want to vote now on who will be next president ?
By:
lfc1971
When: 15 Dec 20 16:24
* bet now
By:
politicspunter
When: 15 Dec 20 16:25

Dec 15, 2020 -- 4:09PM, filho11 wrote:


The rules certainly condtradict the tittle of the bet, "Next President". The bet should have been titled, "Electoral Collage vote winner". Possibly two different options.


Two different options? How would that be possible?

By:
----you-have-to-laugh---
When: 15 Dec 20 16:29
Have a one that pays out on inauguration

A second one that pays out on ec votes

?
By:
lfc1971
When: 15 Dec 20 16:32
Yes that’s possible . Who wants to bet now on who will be inaugurated ?
By:
politicspunter
When: 15 Dec 20 16:32
Ah yes, the electoral college winner could meet his maker pre inauguration I guess.
By:
Fatslogger
When: 15 Dec 20 16:32

Dec 15, 2020 -- 2:25PM, bigpoppapump wrote:


interesting philosophical question though, when was the election decided?was it when all those votes were cast for Biden?was it when the votes were counted and the EC projection for Biden went above 270?Was it when the first or second recounts in Georgia saw Biden maintain his win?Was it when multiple Trump lawsuits, calling for Democrat votes in black cities to be flung out, were deemed baseless?Was it when Trump's attackdog Bill Barr said there was no evidence of widespread fraud?Was it yesterday when the EC voted Biden 306 to 232?Will it be in January when Pence reads out the result? (looking forward to that one)Will it be on Jan 20th when 46 is inaugurated?personally, I think it was decided when the vote from Milwaukee was returned

By:
Fatslogger
When: 15 Dec 20 16:37
It’s a process, isn’t it, which is why Betfair needed clear rules and to stick to them, because otherwise you could make an argument for various pos n the process being the key and market closing one. I’d say Biden isn’t actually president until he’s sworn in but the election has been over for ages and it would be silly to run a market on the basis of waiting for inauguration, so Betfair didn’t, although they also didn’t run it on the basis they specified, which was rather an odd call.

On the issue of the pandemic being bad luck for Trump, I think this was an occasion where politicians mostly made their own luck. Several have handled the pandemic at least well enough to have gained in popularity, which is by no means even necessarily the same as handling it particularly well. Trump, however, handled it spectacularly badly, both in terms of policy and presentation and while I thought he’d have lost anyway before the election, looking at it now, that probably did cost him victory. That’s the thing about being really terrible at politics though.
By:
lfc1971
When: 15 Dec 20 16:41
If you base it on electoral collage votes you have to be sure those votes are correct
That’s what betfair did , well done .
By:
Hank Hill
When: 15 Dec 20 16:43
BF were in no way ready for a wildcard like Trump. Normally you'd have the concession once you cannot reach 270 EC votes and we'd have had a nice quick settlement. Made up fraud claims has complicated the market, but BF did ignore their rules. Instead of projected EC votes in the rules, perhaps it's time to make dec 14th the official time to settle.
By:
dave1357
When: 15 Dec 20 16:44
Electoral Collage vote winner

Is the electoral collage something that US school children do in Art class?
By:
politicspunter
When: 15 Dec 20 16:45
We will await with interest Betfairs 2024 Presidential market and the attached rules.
By:
lfc1971
When: 15 Dec 20 16:46
The American voting system is a collage of all the individual states
And they have different colours and different rules
By:
----you-have-to-laugh---
When: 15 Dec 20 16:47
California Institute of the Arts nailed on...
By:
dave1357
When: 15 Dec 20 16:49
One point about the page displaying the market - it had below the participants several small paras of search engine key words and there would have been plenty of space for the market rules rather than having them in a separate pop-up.
By:
Jock.mjj
When: 17 Dec 20 09:48
Would like to know what people with bets placed on trump would do if trump does keep his position. I think he will win in the end.I was set to win over £2000 and I had a pot of just under £2000 if he got between 240 and 269 votes plus others. I will want paying out.
By:
politicspunter
When: 17 Dec 20 09:55

Dec 17, 2020 -- 9:48AM, Jock.mjj wrote:


Would like to know what people with bets placed on trump would do if trump does keep his position. I think he will win in the end.I was set to win over £2000 and I had a pot of just under £2000 if he got between 240 and 269 votes plus others. I will want paying out.


You might have a long wait to get paid out I feel.

By:
dave1357
When: 17 Dec 20 09:59
^^You agreed to betfair's terms and conditions, which means you agreed that the market rules were the basis of the bet.

The rules stated that the winner was the candidate with the most projected electoral college votes as a result of the election, so you won't get paid even if trump states a coup.
By:
dave1357
When: 17 Dec 20 09:59
*stages a coup
By:
politicspunter
When: 17 Dec 20 10:01

Dec 17, 2020 -- 9:48AM, Jock.mjj wrote:


Would like to know what people with bets placed on trump would do if trump does keep his position. I think he will win in the end.I was set to win over £2000 and I had a pot of just under £2000 if he got between 240 and 269 votes plus others. I will want paying out.


You were correct to have some cover bets on the 240-269 Electoral College votes and similar. Did you know that Paddy Power were offering 7/1 for Trump getting between 200 and 250 Electoral college votes?

By:
Jock.mjj
When: 17 Dec 20 10:02
Cant see how Betfair can changed what you bet on. All they should have done was refund all money and say bets unsettled in time frame. As we stand Betfair have nominated biden as next president when it may not be the case.
By:
politicspunter
When: 17 Dec 20 10:04
The market wasn't who would be inaugurated as President. It was who would receive the most projected Electoral College Votes. That was Biden, the Betfair rules were very clear on that point.
By:
Jock.mjj
When: 17 Dec 20 10:10
Just out of interest what would happen if trump pulled out and biden dropped dead and Harris was next president. Or Trump won but dropped dead and pence was signed in ? It's not over until the horse crosses the line.
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