1. 04-07-20 07:55 PM #1
    CanuckG
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    Fanduel West Virginia approved for US Election

    First time ever in the us regulated market you can bet on an election. Who will be the next state?
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  2. 04-07-20 07:57 PM #2
    johnnyvegas13
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    Sayyyy whattttt

    I thought politics strictly forbidden
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  3. 04-07-20 08:02 PM #3
    johnnyvegas13
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    Pretty good odds trump -110

    Hope other legal states follow
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  4. 04-07-20 08:11 PM #4
    jjgold
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    I think eventually it’ll be everything all types of elections too much money involved
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  5. 04-07-20 08:13 PM #5
    johnnyvegas13
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    Quote Originally Posted by jjgold View Post
    I think eventually it’ll be everything all types of elections too much money involved
    US election could get superbowl type action if legal
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  6. 04-07-20 09:16 PM #6
    jjgold
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    Odds pulled already

    Wtf???
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  7. 04-08-20 10:00 AM #7
    johnnyvegas13
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    Quote Originally Posted by jjgold View Post
    Odds pulled already

    Wtf???
    They launched then halted

    Says state wants more info

    B nice to have this nation wide before elections
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  8. 04-08-20 10:01 AM #8
    johnnyvegas13
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    Actually the West Virginia lottery blocking it

    Wired story
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  9. 04-08-20 11:10 AM #9
    johnnyvegas13
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    I wanna go all in on trump now

    Hopefully they can get this passed by November
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  10. 04-08-20 11:14 AM #10
    trytrytry
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    what? late april fools? wow
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  11. 04-08-20 11:34 AM #11
    jjgold
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    unreal
    THey must of got hammered with TRUMP BETS
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  12. 04-08-20 11:36 AM #12
    johnnyvegas13
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    Quote Originally Posted by jjgold View Post
    unreal
    THey must of got hammered with TRUMP BETS
    Ya it was -110

    I really hope I can get this
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  13. 04-08-20 05:40 PM #13
    jjgold
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    They will never offer it again
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  14. 04-09-20 09:24 AM #14
    johnnyvegas13
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    Quote Originally Posted by jjgold View Post
    They will never offer it again
    They will

    If it was that bad they wouldn't of offered it to begin w
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  15. 04-09-20 09:55 AM #15
    asiagambler
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    How are they going to offer Trump at just -110 in one of the reddest states in the country?? That's just bad bookmaking
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  16. 04-09-20 09:58 AM #16
    jjgold
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    I would think trumps going to be -180 when it comes out again
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  17. 04-09-20 10:01 AM #17
    johnnyvegas13
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    Quote Originally Posted by jjgold View Post
    I would think trumps going to be -180 when it comes out again
    It's -130 offshore
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  18. 04-09-20 10:31 AM #18
    CanuckG
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    It will be up again
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  19. 04-09-20 02:10 PM #19
    MeanPeopleSuck
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    Quote Originally Posted by CanuckG View Post
    First time ever in the us regulated market you can bet on an election. Who will be the next state?
    Solid info, hadn't seen that. Thanks, Canuck.
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  20. 04-09-20 02:30 PM #20
    MeanPeopleSuck
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    Quote Originally Posted by trytrytry View Post
    what? late april fools? wow
    Howdy, TTT. If you're looking to bet on absolutely ANYTHING political, here's one stop shopping: https://www.predictit.org/markets

    Predictit's an exchange style, legal betting site with hundreds of political markets. The PI community's pretty sharp, but True Believerism always distorts some markets, making them easy kills. Case in point: as I type this Joe Biden's price in the "Who will be the Democratic Nominee?" market remains .86 a share (winning shares cash at $1). You're basically getting a -600 bet he won't die before August.
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  21. 04-09-20 02:47 PM #21
    eaglesfan371
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    Quote Originally Posted by MeanPeopleSuck View Post
    Howdy, TTT. If you're looking to bet on absolutely ANYTHING political, here's one stop shopping: https://www.predictit.org/markets

    Predictit's an exchange style, legal betting site with hundreds of political markets. The PI community's pretty sharp, but True Believerism always distorts some markets, making them easy kills. Case in point: as I type this Joe Biden's price in the "Who will be the Democratic Nominee?" market remains .86 a share (winning shares cash at $1). You're basically getting a -600 bet he won't die before August.
    Not worth all the crappy fees they make you pay.

    10% fee on winnings. 5% withdrawal fee.

    Current price of 87 cents, $87 deposit becomes $93.77 withdrawal.
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  22. 04-09-20 03:41 PM #22
    MeanPeopleSuck
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    Quote Originally Posted by eaglesfan371 View Post
    Not worth all the crappy fees they make you pay.

    10% fee on winnings. 5% withdrawal fee.

    Current price of 87 cents, $87 deposit becomes $93.77 withdrawal.
    I've never quite understood the complaint about the 10% "winners tax." That fee -- 5% of the total transaction -- is exactly identical to the juice a sportsbook makes when two players bet on opposite sides of -110 lines. Sportsbooks make the losers pay the 5%, PI makes the winners pay it.

    You're definitely right the 5% payout fee blows, but it's only applied to actual withdrawals, not every winning bet you make the way you applied it in your hypothetical (unless you literally planned on depositing, making one and only one bet, then withdrawing.) You'd walk away from your bet with $98.70, not $93.77

    If we apply a 10 times rollover to your hypothetical $87 deposit and assume you break even, then the $4.93 fee applied to your $98.70 withdrawal represents about a 1.13% tax on your $435 in total winnings. Add that to PI's normal 5% fees and it's just a sportsbook with roughly -112 lines instead of -110.
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