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Category: Betting

Betfair responds to critics over its delay in settling Wh2020 bets

Betfair responds to critics over its delay in settling Wh2020 bets

The firm issued the following statement this evening: We have not settled certain markets on the Betfair Exchange relating to the U.S. election because of the uncertainty about the outcome of the results caused by ongoing recounts and potential legal challenges. Given our responsibility to both backers and layers to ensure that the markets are settled correctly and given the unprecedented amount of money that has been traded on these markets, we have sought advice from leading U.S. lawyers to…

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With just over a month to go punters still confident that there’ll be a UK-EU deal

With just over a month to go punters still confident that there’ll be a UK-EU deal

Above is the market from Smarkets which, as can be seen has moved about a fair bit over the past year. This is a huge event for British politics yet it has been totally overshadowed by COVID and the US election. I think there is going to be a deal but I’m not tempted by the odds. These are the betting market rules so you know what you are risking your money on. If the UK and EU sign a…

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I’ve just laid Trump at an 8% chance on Betfair

I’ve just laid Trump at an 8% chance on Betfair

The Betfair next President market continues to be totally potty and over the past 24 hours we have seen Trump’s chances move from 3% to an 8% one. Quite what people are thinking who are backing Trump is hard to say. Just about all the incumbent’s efforts to declare the results a fraud have failed to get backing from within the Republican party. Based on Betfair’s rules for the market it is nigh impossible, surely, for anyone else to be…

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The Betfair next president market tops £1.016 BILLION of matched bets yet still it remains open

The Betfair next president market tops £1.016 BILLION of matched bets yet still it remains open

The recounts in the marginal states have failed to make much difference This is getting ridiculous. Betfair has yet to close its next President market where the the rules state that “This market will be settled according to the candidate that has the most projected Electoral College votes won at the 2020 presidential election.“ This is not a market on who becomes the next president to be sworn in on January 20th but who, after the November 3rd elections, was…

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In The Bleak Midwinter

In The Bleak Midwinter

“Tis the season to be jolly careful”. The Prime Minister’s default is always to go for the quip or memorable phrase. It is infuriating when so much is at stake. The other clear message is: don’t go to a restaurant or pub, unless you are on your own or with your family. If your son comes home from university, you are two households and on no account must you go out for a meal together. But you can go to…

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As time runs out in the Brexit transition YouGov has “Brexit Wrong” once again with a double digit lead

As time runs out in the Brexit transition YouGov has “Brexit Wrong” once again with a double digit lead

And LAB will now back a deal in the Commons With things being dominated by the American presidential election we have hardly looked at the ongoing effort by the government to come to an agreement before the the end of the Brexit transition at the on New Year’s Eve. If that doesn’t happen the UK has no deal and is in very uncertain territory. In a new move tonight LAB has said that it will back the deal that emerges…

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