Grading question about BetOnline

[ParlayTeaser]

When will they grade who will win the Presidential Election bets? Still waiting to get an answer. All the networks minus Fox have called it.

[littlekona]

When will they grade who will win the Presidential Election bets? Still waiting to get an answer. All the networks minus Fox have called it.

Jazz Looselines just graded mine about half hour ago....BOL being the leader they are i am sure will very soon

[ParlayTeaser]

Jazz Looselines just graded mine about half hour ago....BOL being the leader they are i am sure will very soon

Yeah they finally replied to me and said whenever the lines managers deem appropriate. That could be whenever. Trump stands a snowball's chance in hell of this being overturned so they should grade this bet like other books already have if they want to be the leaders.

[newfiepicks]

For reference:

BOL graded my IOWA, TEXAS and OHIO state bets on Thursday. NEVADA and popular vote bets still not graded.

Intertops hasn't graded anything for me yet not even Texas.

[BigJay]

BAS said mine would be graded today. That was 90 minutes ago so still waiting

[Fishhead]

BAS said mine would be graded today. That was 90 minutes ago so still waiting

LOL, they have not even graded some SOUTH CAROLINA wagers yet, don't hold your breath

[ParlayTeaser]

For reference:

BOL graded my IOWA, TEXAS and OHIO state bets on Thursday. NEVADA and popular vote bets still not graded.

Intertops hasn't graded anything for me yet not even Texas.

My state bets have been graded but presidental election bets are the ones I'm waiting on. They better not pull the let Trump file numerous BS challenges first. This would amount to an appeal being made after the game. Statistically, he has lost the election and is grasping for straws.

[washhead]

You also might be able to find a clue what their plans are by how the bet was worded. If it was something like "To win the election," those should be graded any time now. If it was worded "To be the next President," they may be waiting until Inauguration Day.

[newfiepicks]

For reference:

BOL graded my IOWA, TEXAS and OHIO state bets on Thursday. NEVADA and popular vote bets still not graded.

Intertops hasn't graded anything for me yet not even Texas.

Update: Intertops graded Texas and the popular vote bets for me today. Have not graded the Biden win yet. Looselines also graded the popular vote but BOL hasn't as of now.

[ParlayTeaser]

You also might be able to find a clue what their plans are by how the bet was worded. If it was something like "To win the election," those should be graded any time now. If it was worded "To be the next President," they may be waiting until Inauguration Day.

Good point. I checked and it says to win the Presidental election at BOL. I have a feeling they are going to wait until Trump exhaust his legal challenges before paying out. BS if that's the case but it's offshore.

[themike78]

Technically Biden has not won the election yet. The media is not the deciding factor. There are recounts scheduled for a few states and those take over a week. Books would be wrong to payout now. It would be like them paying out a baseball bet because one team is up 10 to nothing but it's only the 8th inning. Biden will probably win but it's far from official.

[ace7550]

Just to give a frame of reference, The dems did this in 2000 with Gore. It took 45 days to resolve. Might be a while.

[temple2010]

how would you guys grade this? or should it still be pending? this is my bet- the use the word official not projected: December 1 to 14 (+4500)
When will the presidential election be called? (Winner), Both Fox News and CNN Must have the same person officially declared the winner.

[ParlayTeaser]

how would you guys grade this? or should it still be pending? this is my bet- the use the word official not projected: December 1 to 14 (+4500)
When will the presidential election be called? (Winner), Both Fox News and CNN Must have the same person officially declared the winner.

It depends on the interpretation of the word "called". It been called with a projected winner but it's not official yet. As long as they haven't graded the presidential election winners at most books then this should be pending IMO.

[Optional]

how would you guys grade this? or should it still be pending? this is my bet- the use the word official not projected: December 1 to 14 (+4500)
When will the presidential election be called? (Winner), Both Fox News and CNN Must have the same person officially declared the winner.

I'm sure opinion is probably dependent on which side we bet.

But I'd be expecting that prop wording to be graded today.

[TopNotch]

Technically Biden has not won the election yet. The media is not the deciding factor. There are recounts scheduled for a few states and those take over a week. Books would be wrong to payout now. It would be like them paying out a baseball bet because one team is up 10 to nothing but it's only the 8th inning. Biden will probably win but it's far from official.

More like a baseball game that one team won but the other team protested. There's as close to a zero chance of the game being overturned as you can get. And in this case it would be like multiple games being protested since multiple states would need to flip.

[ace7550]

More like a baseball game that one team won but the other team protested. There's as close to a zero chance of the game being overturned as you can get. And in this case it would be like multiple games being protested since multiple states would need to flip.

You can bet the over on a game and even after it goes over and you can't lose the books wont pay until the game is complete.

[caramba]

Everyone knew going in this could get messy.

[bleedblue]

Ace’s analogy is probably best. This is like an over bet that has won but the game isn’t technically over yet. Obviously books can pay it out if they want, but the results aren’t official yet.

I would think anyone who bet should have seen this coming if it wasn’t a landslide win.

[temple2010]

how would you guys grade this? or should it still be pending? this is my bet- the use the word official not projected: December 1 to 14 (+4500)
When will the presidential election be called? (Winner), Both Fox News and CNN Must have the same person officially declared the winner.

Here's the wording on a different bet, at the same book, that I didn't make- you can see the difference here: If both Fox News and CNN declares or otherwise projects the winner then Yes will be graded as the winner.

[deeppckts]

Ace’s analogy is probably best. This is like an over bet that has won but the game isn’t technically over yet. Obviously books can pay it out if they want, but the results aren’t official yet.

I would think anyone who bet should have seen this coming if it wasn’t a landslide win.

The penetrating books should've seen it coming and said it would be graded once all 4 major networks declare winner... or NYtimes by Nov. 12, etc. They all kept it vague. Dumb for EVERYONE. Tied up funds hurts both sides.

[deeppckts]

The correct ANALOGY is a game that already went over the total but was postponed and will resume at an unknown date, possibly months away. Just grade the penetrating wager.

No way this is overturned.


Or, better yet, offer bettors a CASHOUT option like 99% on Biden wagers, 1% on Trump wagers.

[ParlayTeaser]

The correct ANALOGY is a game that already went over the total but was postponed and will resume at an unknown date, possibly months away. Just grade the penetrating wager.

No way this is overturned.


Or, better yet, offer bettors a CASHOUT option like 99% on Biden wagers, 1% on Trump wagers.

Exactly.

[DontTailMe]

Just to give a frame of reference, The dems did this in 2000 with Gore. It took 45 days to resolve. Might be a while.

The difference here is that in 2000, the Florida count was within the range which a recount could feasibly overturn. Recounts never affect things more than a few hundred votes in either direction. This election is over.

With that being said, if anyone bet the election expecting to be paid out quickly, they're out of their minds. Trump has been promising not to accept the results and take things all the way to the Supreme Court for a month now. Everyone needs to relax and be patient. Preserve your sanity.

[DontTailMe]

how would you guys grade this? or should it still be pending? this is my bet- the use the word official not projected: December 1 to 14 (+4500)
When will the presidential election be called? (Winner), Both Fox News and CNN Must have the same person officially declared the winner.

Networks only ever call things once. The clear intent here is what already happened - FoxNews and CNN have called the race. This wager should be graded now.

[ParlayTeaser]

The difference here is that in 2000, the Florida count was within the range which a recount could feasibly overturn. Recounts never affect things more than a few hundred votes in either direction. This election is over.

With that being said, if anyone bet the election expecting to be paid out quickly, they're out of their minds. Trump has been promising not to accept the results and take things all the way to the Supreme Court for a month now. Everyone needs to relax and be patient. Preserve your sanity.

Other books have graded Trump vs Biden presidential bets already so we can throw that mindset away.

[recon1]

Not so fast....

BOL would probably be better off just cancelling the Presidential wager. This will get messy and if any fraud is uncovered it would mean a potential re-election or major deduction in the fraudulent candidates favor.
If this is reversed, I'm not sure how the other books would get monies back.
Law states that the DOJ can get involved after the tenth day after election and this is where the red tape begins.
I think most bean counters at books are seeing/Thinking how does one candidate appear to be loosing, then suddenly goes up like a Bernie Madoff investment portfolio chart. This Cries fraud and this I think is the hesitation, but if I owned a book, I'd declare the USA a bananna Republic and never offer another election again.

[ace7550]

If I were a book I definitely wouldn't grade it yet. I wouldn't grade any questionable states either. Nothing is decided for absolute sure yet.

[Optional]

If my offer said when election called by X number of networks, or CNN+Fox, or wording like that.

I'd want to be paid now and would not think appeals or over turns should have any effect on that market.

[ParlayTeaser]

BOL would probably be better off just cancelling the Presidential wager. This will get messy and if any fraud is uncovered it would mean a potential re-election or major deduction in the fraudulent candidates favor.
If this is reversed, I'm not sure how the other books would get monies back.
Law states that the DOJ can get involved after the tenth day after election and this is where the red tape begins.
I think most bean counters at books are seeing/Thinking how does one candidate appear to be loosing, then suddenly goes up like a Bernie Madoff investment portfolio chart. This Cries fraud and this I think is the hesitation, but if I owned a book, I'd declare the USA a bananna Republic and never offer another election again.

No chance. This is over and the books who haven't graded it are prolonging the inevitable. My question is if not now then when?

[caramba]

No chance. This is over and the books who haven't graded it are prolonging the inevitable. My question is if not now then when?

https://www.youtube.com/watch?v=lMuPYOxC4rg

Could be in the next days if Trump concedes or getting dragged out til January. I wouldn't pay out now either if I was the books. But don't worry, you'll get paid out on Biden, it might just take a while. But it has been known for weeks this was a likely scenario.

[recon1]

That's actually a great question. I looked it up long time ago, but an actual process exist to determine a U.S. President.
It's roughly something like this; After 10 days and irregularities exist the DOJ can open a criminal inquiry and from this point the ending is wide and varied. I remember reading even if a little fraud took place the entire election can be voided and Supreme Court can rule for a new election.
This has the potential of being a major disaster for the books. I'd cancel and make a statement to the effect that the U.S. needs to get shit together and Recon book will no longer offer U.S. politics till they get out of the Banana Republic status.

[ace7550]

That's actually a great question. I looked it up long time ago, but an actual process exist to determine a U.S. President.
It's roughly something like this; After 10 days and irregularities exist the DOJ can open a criminal inquiry and from this point the ending is wide and varied. I remember reading even if a little fraud took place the entire election can be voided and Supreme Court can rule for a new election.
This has the potential of being a major disaster for the books. I'd cancel and make a statement to the effect that the U.S. needs to get shit together and Recon book will no longer offer U.S. politics till they get out of the Banana Republic status.

This is my understanding as well. They should just sit tight and hope that nothing fraudulent is found. If fraud is found they will need to cancel all those wagers.
The latter option would be very bad for a lot of books. Many books have already paid out most political wagers. I had political wagers at 6 different books. 3 of those books have graded all my wagers and 3 of those books have graded some (bol being one of them).

[Wilfred]

It should be graded plain and simple, hopefully within the week. Let’s see if Trump actually wants to pay the millions for a recount of the vote in each state.

[DontTailMe]

If I were a book I definitely wouldn't grade it yet. I wouldn't grade any questionable states either. Nothing is decided for absolute sure yet.

Doesn't matter. The wager isn't about who will ultimately win. The wager is about when those two networks would call it. They have called it.