Topic: Sportsbooks that aren’t paying out on Biden winning the US Presidential Election - page 9. (Read 2652 times)

I understand the ones that pay out, and I still understand the ones that do not pay out as well. This is not an "official" result yet, and that means sportsbooks could technically hold it as much as they can until it is an official decision, there is nothing illegal going on there, in fact holding it until it is official would be the smart thing to do by sportsbooks if they are looking at it from financial stand point.

However we also know that Biden won and nothing will change that, look at the latest results, there is no way Trump finds fraud in 4 states totaling to 200k+ votes, that is not going to happen at all, which means results are in, so from financial stand point sportsbooks could wait but from marketing stand point the ones that pay out will get more love from gamblers.

Not quite sure what are they waiting before they reward their participants maybe they just wanted to make sure that the decision is really final and they just wanted to make sure first since I think they cannot take back if the money they give if there will be some recount and Trump actually won (Hypothetically).

Biden won based on what exactly?
Please do tell me?
The Media has been screaming BIDEN BIDEN BIDEN?

The Media doesnt announce Presidents... 

 I don't know man, official or not, it is obvious that Biden won, we are talking about potentially having 306 votes here and that is way too much to get back from by Trump, he can try whatever he wants, he can try to go to courts as much as he wants, Biden already won. So all sportsbooks should pay up, there is already a growing number of them paying right now and they are not going to change that at all, they are already paid up, so the job is done for them, Trump fanatics could try to make a noise but they will calm down when Biden is literally running the country. I would say just forget about what others are saying and try to make it a marketing thing and pay up, it would help with customer base more than you can imagine to pay "early" compared to other places.

Welldone for those who have paid without a doubt it has a huge profit for them from many sides, in a certain way they are not only paying you for having won, they are showing loyalty with the players, trust for third parties and trust in the final result, which is already obvious by 99.99%.

In any case, those who have not done it technically can afford it, because they adhere to that 0.01% that surely appears intrinsic in their ToS, I do not defend any, I just try to be precise and how I see things.

In fact, this means that gamblers always read the rules of the game and that not always a rule of the game established for many years cannot change unexpectedly.

For me, it was an easy win, so I bet on Biden. Since it was on Sportsbet.io, it was paid out before. Biden definitely won the election, but given the lawsuits from Trump, I think it's reasonable if some sports books are waiting to see the final decision. After all, Trump is not giving up, and the situation is unlike anything before. I mean, 23 hours ago he tweeted "WE WILL WIN!", and resources are still in his hands. However, I believe the bets will be paid out sooner or later anyway. But given the electoral college system of the US, some websites might win till the electors cast their votes and these votes are counted.

Thank you for sharing these sites,,, very very tempting to put bets on Biden now at 1.1 or even 1.05 seeing as that even by all the accounts of different media he has already won and will still win even with the proper recounts. "Easy" 10 percent winnings if you want to see it like that.

I do think the odds are good value but yes, I also would not blame any bookie for their decisions, whatever they did. This was always going to be a tough one to call.

One big point also is mainstream media is mainly democratic,,, so we cannot hardly see the alternative Republican news easily. Fair point to bring up.

They had a promotion for the first 500 bets for Trump to win and at 1mbtc a pop, they still made some good money from the players.
I don't think they'd have any issue either way this ends.

I had several bets on different markets and on separate books:
Sportsbet was the first one to decide to pay out first above all the other ones. Then it was Stake along with a bonus sent, they were the most gracious about it acually. BetBTC are still waiting on their odds provider (Pinnacle) to tally what decision will be on Dec 12 and maybe even upto Jan 20 next year when we will see after all the in house fighting and clawing by the independent media outlets is through, who will be the president.

I liked watching this user made video telling us what the outcome could be if these different scenarios did play out as Darkstar_'s post did state one of them with Biden possibly dying. And after everything that has happened with all the discrepancies in this election coming out after the vote counting at 99-100% by all states in question are tallied up.
https://www.youtube.com/watch?v=lBZ-KiYoU68

Now the tough calls are to be made by the supreme court and I don't think the judge Trump put in there can make any decisions on his case.
He did announce to all his supporters they would be invited to a rally on November 14 in D.C called the Million MAGA march.
So there is this for the Republicans to look forward too.

I would have done the very same thing. As some other members stated above, imagine that they pay rewards for Biden, and eventually the court declares fraud and is Trump who wins.

Recovering the funds from the ones who were paid for Biden would be an impossible task, while they'd have the obligation to pay the ones who betted for Trump too.

I understand that bettors want to get paid asap, but this situation is something that I have been foreseeing since a few weeks, and it is not any fraud from the sportbooks, it is just logical caution to me. Stakeholders may be angry, but shouldn't blame on sportbooks even if some have already paid (personally, I wouldn't, as stated at the beginning of the post).

I think it's still not yet finished I think there will have some delays from other bookies for what I've know that Trump is not yet accepting that he lose and so he is doing some investigation in regards with the votes. It's surprising that the sportsbet manage to give their payout immediately, what would happen if there would have a problem in the future.

ya.ya.yo!

I think so too I placed a bet also and I choose Biden winning and up till now my winning have not been paid out and when I make further query I was told to hold on for a while, may be it due to the rifts in the entire US election and it outcome may be no casino want to be at lose by paying double pay out as you rightly said.

In 2000, it took five weeks to know the outcome of the presidential race that saw the infamous Gore v. Bush fight. Over that timeframe, there were recounts and court rulings. The story ended on December 12 when the Supreme Court decision effectively decided the presidential election.
Of course, we don't know the end of the story but I guess sportsbooks should have better prepared for a contested election scenario.

I placed a bet on this event and the bookie choose to stall until final result, I chose Trump as the winner in the election. Even though I choose Biden it doesn't matter if the bookies chooses to wait for the official result announcement because it should be, for big bettors this condition unpleasent because the money stuck which should  can be used for other bets.

I made a bet on Bitsler that the Republicans will emerge as the winning party for the US Presidential election. My bet is still active there and I'm assuming it's the same case with other bets (Biden/Trump). They are most likely waiting for the official declaration (not media declared) also just like other bookies who haven't paid yet.

edit: Yup, I just got confirmation that Bitsler is also waiting for the Official declaration.

As frustrating as it may be to everyone holding a bet slip, this is the right answer. There's a while to go before the official process is done. Sites that have already paid out did their users a favor.
And it's not like it would be a world's first if things went sideways during an election 

Its so amazing that people bet on things they have absolutely no clue about.
All the books that pay out Biden as winner are doing the bettors a favor and might paying out double if Trump does win...

The Media does not elect Presidents, amazing that people claim these are sources that a bet should be paid out.

Read and educate yourself on how the Election gets decided and how a president gets elected...
Spoiler: NOT THE MEDIA

There has been a lot of controversy in this election and as weird as it sounds, its still up in the air, the electoral college has not announced a winner...

If a book isnt paying its not because they are a scam or "holding out" as you put this... they are waiting for the REAL result.

Lmao this made my day.
I want to seriously bet on this 0.2% chance and really want to see if my fortune is with me.

But tbh Bookies are not should be considered as liable here, as there are tons of amounts of money are lying upon them.
So as far as we cannot see a clear result, it would be better thay the sports bookie should hold the funds.
And Kudos to Sportsbet.io and Stake for being so humble and releasing the payment so early.

Orbit (and thus Betfair Exchange, except Orbit isn't region blocked) currently has Biden at 1.10 and Trump at 10.5 to be the next president. PredictIt is also showing similar numbers. Prediction markets are generally considered sharp.



It's great to see sites like Sportsbet.io and Stake payout early (essentially as a promotion, since there's a non zero chance that Biden doesn't end up being president), but I personally wouldn't fault other sportsbooks for not paying out. It might seem like a clear victory for Biden if you look at mainstream media, but there's clearly a number of factors that somehow give Trump a 10% chance of winning.

Besides lawsuits/recounts/direct election effects, there's also the possibility that Biden wins, but dies and Kamala Harris becomes president (0.2% according to Betfair Exchange).

Yes, I think Stake has the best policy, paying out Biden now, and waiting for other happenings to pay out on Trump if he so wins any of the lawsuits etc. with recounts going on and final result only out in December.

I also took the small Trump bet on Sportsbet. But I have no issues with the rules, for me Biden won as well and even if somehow they overturn it and Trump wins it back I will not claim anything. It is like football for me. If results are suddenly overturned from matchfixing etc, I am not expecting money back:)

I don't think there is any huge issue with holding off to resolve this. There is a huge amount of money at stake for these books and the result is still not 100% confirmed with some sources putting Biden at 259 votes . Regardless of your political views, with Trump refusing to step down there is no 100% clear winner like we've seen in previous elections.

Bookie settlement options from best to worst:
1. Biden early payout
2. Wait until 100% confirmation
3. Biden settled as winner, trump as loser

Given that #1 is a huge risk to the book, millions for us at Stake and #3 is shafting all the trump bettors. The most straight forward option for sportsbooks IMO is #2 to wait for more clarity which will hopefully be provided once all the votes are counted, when the electoral college votes, and if trump's lawsuits are struck down. We did the #1 option but only because we wanted to set the example and could afford the risk.

People who put money on Biden but have not been paid out yet should be patient with their book. If they are reputable they are not trying to stall your payout and hold your money. Sportsbooks would prefer you to have your money quicker so you can lose it on another bet, they are taking the conservative route and probably ripping their hair out as we were the past week.