Lurdan
old wave
It does take the shine off all the good work that Betfair does for the community.
US election 2020 thread
- Thread starter petee
- Start date
Is this 1.2 billion correct btw? Can't find a source and your link is dead
belboid
Exasperated, not angry.
Popbitch would never lie to me
Some people lost more than $100,000 betting that Trump would win and are citing election conspiracy theories to sue the bookies
The Daily Beast reports that some bettors are planning to pursue legal action against gambling sites for paying out to those who bet on Joe Biden.
www.insider.com
I can't see the 1.2 billion in there though! I have a smug brother who thinks he's caught me out on not checking my facts to nail down here, I need the figure in black and white damnit.Popbitch would never lie to me
Some people lost more than $100,000 betting that Trump would win and are citing election conspiracy theories to sue the bookies
The Daily Beast reports that some bettors are planning to pursue legal action against gambling sites for paying out to those who bet on Joe Biden.
tendril
Coming up blastin' like Yosemite Sam
Tbf, all betting is exploiting vulnerable people...
sure, but taking bets after the result is even dodgier than usual.
petee
no gods, no malarkey
Lots of vulnerable people have money - what about all those grannies that get conned out of their life savings each year? This isn't much different, except they were conned twice.
spring-peeper
Well-Known Member
hmmm
tendril
Coming up blastin' like Yosemite Sam
So it's the degree of exploitation you take issue with?
SpookyFrank
A cheap source of teeth for aquarium gravel
Surely you can only get conned out of your life savings once, and not every year?
bimble
floofy
This says that the people who lost money betting that trump would win are almost exclusively Europeans / Brits because Americans are not allowed to bet on elections. So you have a few Brits moaning about how they are going to sue somebody to get their 50 grand back or else they still believe trump will be the winner. because they are still listening to people like Lin Wood & Sidney Powell. 
I wonder how Marty is doing.
They Bet Big on Trump. Now They Claim Fraud.
I wonder how Marty is doing.
They Bet Big on Trump. Now They Claim Fraud.
mauvais
on reddit or something
Well technically the second time it's still your life savings, even if it's half a Twix.
planetgeli
There's no future in England's dreaming
I don't think you have a clue what you are talking about or understand the concept of what Betfair do. Betfair, while being a bunch of cunts (but not in particular for this) are an Exchange. This means they allow people to bet against each other (not against Betfair, though you can do that on their sportsbook, but this was on the exchanges) while taking a percentage for doing so.
Like Trump, you don't know where the winning line was for this. Betfair were clear in their instructions.
This was their statement on Nov 5th.
And the 27th
And finally on Dec 15th
While a market is not settled, it's not unusual at all for bets to still be taken.
All they were doing was allowing people like Marty1 to have their chance at winning money on their hunch that Trump's idiocy would still win the day. And they were betting against people who thought the opposite. A lot of people on this and the other Trump threads could have made a lot of money laying odds against Trump's supporters idiocy.
People betting on Trump's idiocy thought like this.
In other words, they thought they were the ones exploiting something, that they were having a free bet.
And you choose this hill to die on killer b?
Weird.
planetgeli
There's no future in England's dreaming
I literally have no idea what you are talking about. I've just explained to you how Betfair works and why you are wrong in your opinions expressed in your last few posts. Can you link to any anger I've expressed towards you?
I don't care what mechanism a bookies uses, it's allowing bets, and making money on those bets, on a non-existent contest. the people making those bets have been misled, and the bookies is exploiting them. I don't need to know how betfair works to know that, why would I?
bimble
floofy
Meanwhile, on the new favourite tv channel for the true trumpers, freshly pardoned Q-propagandist General Flynn is telling people that there would be nothing at all wrong with donald trump declaring a spot of martial law, then forcing a fresh elections in the states that he needed to win.
It is kind of exhausting the never ending question of is this person crazy now (does he really believe what he's saying) or is he participating in the spectacle for some understandable reason like wanting more money / power.
It is kind of exhausting the never ending question of is this person crazy now (does he really believe what he's saying) or is he participating in the spectacle for some understandable reason like wanting more money / power.
planetgeli
There's no future in England's dreaming
Sigh. Ok. So you can't link to any anger I've expressed towards you (because I haven't. Indeed, my last interaction with you was to 'like' one of your posts of beautiful photographs.)
You need to know how Betfair works before you start criticizing them for something they haven't done. The contest, as explained in their rules, was not 'non-existent'.
Besides that, you keep sticking up for rich people who believe in Lin Woods' madness. That's up to you. It doesn't make me angry. It makes me laugh.
MickiQ
In My Defence I was left Unsupervised
It's just fantasizing isn't it? A variation on the same theme as the Trumpaloons who sent in their 'alternative' slate of EC votes. The one thing they desperately want to happen is never going to happen and the one thing they are equally desperate to not happen is happening before their eyes. So they spout ever more stupid shit in the ever more delusional belief it could happen. It's like praying (which I'm sure they're doing a lot of), reality isn't what you want so beg the all-powerful sky fairy for help.
As for Flynn I reckon he at least partly believes it, If his Wikipedia entry is to be believed he left the military under something of a cloud.
On April 30, 2014, Flynn announced his retirement effective later that year, about a year earlier than he had been scheduled to leave his position. He was reportedly effectively forced out of the DIA after clashing with superiors over his allegedly chaotic management style and vision for the agency.[51][52][53][54] In a private e-mail that was leaked online, Colin Powell said he had heard in the DIA (apparently from later DIA director Vincent R. Stewart) that Flynn was fired because he was "abusive with staff, didn't listen, worked against policy, bad management, etc."[53] According to The New York Times, Flynn exhibited a loose relationship with the truth, leading his subordinates to refer to Flynn's repeated dubious assertions as "Flynn facts".
I'm not sticking up for anyone. I'm commenting on the morality of a bookies that allows people - even people we don't like - to bet a hundred thousand dollars on a contest that's already been decided. It's wrong and shouldn't be allowed.
I agree that Betfair should have closed their exchange with respect to the contest as soon as it became apparent that there was a shitstorm developing. Doubly so given the fact that they were so unsure what constitutes a win that they had to consult lawyers — needing to consult lawyers is never a good sign that things are transparent and fair. They didn’t have to settle the bets themselves, just refuse to take more bets.
I se it as quite different. They through avarus, had to make a proactive choice to take this bet. Yeah I know gambling addiction is a real thing and destroys lives but just going on the info we know. . This is mor like they went up to the dodgy market stall selling the fake Rolex, bought one and are now complaining they've spent 200 quid on rubbish.
These aren't particularly unusual things for people to do and aren't necessarily a sign of vunribility. Rich and poor people lose daft bets all the time.
Probably not worth having a row about but just couldn't let the conned grannie thing pass.
whatever. a con is a con, and they've been conned.
littlebabyjesus
one of Maxwell's demons
Not by the bookie, though. The bookie hasn't withheld any information here or presented false information, and it is a particular position to think that the court cases will succeed and the result will be overturned. I'm pretty anti-bookies generally, and they could have closed this particular book just to stop fanning the flames generally, but there was a logic to keeping it open.
The conman here is Trump.
Yossarian
⏭️
The bets sound legitimate enough, though it probably was unethical to take money off people deluded enough to believe Giuliani etc. - the election that technically determined who the next president will be was the Electoral College one, not the Nov. 3 popular vote, what these people were really betting on was whether Trump would be able to use Supreme Court challenges etc. to overturn results in a few swing states.
It was a longshot bet, but I definitely wouldn't have been confident enough in a conservative-dominated Supreme Court ruling against the Trump side to have bet thousands of pounds on a Biden win post-Election Day.
It was a longshot bet, but I definitely wouldn't have been confident enough in a conservative-dominated Supreme Court ruling against the Trump side to have bet thousands of pounds on a Biden win post-Election Day.
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