Stupid bookies are paying out too early. I read that BetFair which has the largest share of bets is still holding on for the official call of the Electoral College. Paddy Power paid like 3 weeks before the election in 2016 for Hildebeast based on "polls" and then had to shell out all the winnings for Trump and lost over $1 million. I can't wait for these idiot bookies to lose again and realize YOU CANT STUMP THE TRUMP.
Maybe, it depends on how much is on the line for them I think.
Releasing the funds into virtual accounts probably results in a small amount of actual real dollar payouts, while the majority gets put right back into betting, where they make their money.
Stupid bookies are paying out too early. I read that BetFair which has the largest share of bets is still holding on for the official call of the Electoral College. Paddy Power paid like 3 weeks before the election in 2016 for Hildebeast based on "polls" and then had to shell out all the winnings for Trump and lost over $1 million. I can't wait for these idiot bookies to lose again and realize YOU CANT STUMP THE TRUMP.
A very intelligent financial decision on their part.
On the Betfair Market.... there is over 1.5billion just sitting in limbo atm
I’m trying to put some money down on betfair but I’m not in Nevada Delaware or New Jersey and my damn vpn isn’t working properly at the moment 😭
Maybe, it depends on how much is on the line for them I think.
Releasing the funds into virtual accounts probably results in a small amount of actual real dollar payouts, while the majority gets put right back into betting, where they make their money.
Even if conceded and uncontested, I would wait until inauguration to pay out on "who will be president". Anything can happen.
Only exception would be ones with "as called by the associated press" or some similar clause in their rules.