They are going to have to pay out at some point. Some theories as to why they haven't have been mentioned. Even if they pay out tomorrow, it's still frustrating. The Electoral College vote was 6 hours ago. The election was over a month ago. Did they also not pay out until December or January for the 2016 election?
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"🚨 BOL ANNOUNCEMENT 🚨
Many of you have been wondering when election bets will be graded, and we’re happy to inform you they should be done by some point tomorrow.
You may now return to your evening, already in progress."Comment -
Technically, although the Electoral college voted yesterday, those votes are certified by Congress, which happens on Jan. 6th, and so "the Presidential Election Winner", in the most technical sense, is not really completely certified until that point.
What is going to happen on Jan. 6th:
Rep. Mo Brooks has already stated his intention to contest the electoral votes on Jan 6th. In order to do this, he needs at least one co-signature from the Senate.
Sen. Rand Paul has not said he will do this, but has said he is "open to it". I think Sen. Ron Johnson, out of Wisconsin, has also said he is open to it.
Assuming Brooks gets a co-signature from the Senate, this opens the subject for floor debate, basically where any of the House Reps or Senators can grandstand.
Then the parties retire to their chambers to discuss further and finally do a straight line vote. In order to throw out the electoral votes of any state, it requires both the House and the Senate to vote in favor of doing so.
The House, controlled by the Democrats, will never do this. The Senate is also unlikely to do this as several Republican Senators have acknowledged Biden as the winner (Murkowski, Collins, Romney, Sasse, Toomey) but even if the Senate does it they alone can't do anything.
So this is basically one final stalling tactic in order to allow some more theater.
However if the books want to be dicks they could use this as an excuse to further delay payouts I guess. Though many of them have said they'd settle shortly after the Electoral College vote so I'd be disappointed but not surprised if they pushed it back again.
Edit: Also, for context - the Democrats did this in 2001, 2005, and 2017 after the preceding elections so this is not unprecedented nor does it have any chance of succeeding.Comment -
Pinnacle:
Dear Kyle,
Thank you for your email.
Our Grading Team is reviewing all developments and they have already started to grade some US election wagers.
All US elections wagers are being looked into and they will be graded as soon as possible.
We understand your concern as this has been a lengthy process.
We sincerely apologize for the delay this is taking. We truly appreciate your patience and understanding.
Comment -
BOL has paid out Biden bets.Comment -
LowVig paid out within the last few hoursComment -
Anyone received money from pinnacle yet?Comment -
And only Pinnacle is waiting for something
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Bookmaker and Skybook both graded my bets this morning.Comment -
Bookmaker graded!!!
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Bookmaker just paid Wisconsin. Maybe everyone harassing them helped.Comment -
I was graded for Wisconsin, Arizona, Georgia, Michigan, PA, General Election, Electoral college margin of victoryComment -
All my bets are graded now... time for some irresponsible celebrating.
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Awesome to see that BOL and Bookmaker graded!
BOL paid out 4k 18 minutes after I requested this am, too. I was worried it would be back logged.Comment -
bookmaker paid my dad this morning. glad you guys are finally getting your money.Comment -
Pinnacle FINALLY paid. Any remaining bookies still yet to pay?Comment -
bol bm pinn paid
Amazing, betus has not. lol.Comment -
all done here too, today. Goodness 40 days.Comment -
LowVig paid.
BOL credited my account, but not allowing me to withdraw.Comment -
I will say that for all the issues, I’ve had with BOL in grading disputes payouts not one of them. What reason did they give you for not allowing to withdraw?Comment -
They are saying there is a limit of 2 withdrawals / week. Not sure why I am disallowed from using a different method to withdraw.
1 of those withdrawals was, because they cancelled one of my payouts last week, because they said I didn't meet a rollover requirement (I did).
What is annoying is that they have had my money for nearly 2 years and if they kept it in Bitcoin, would have earned nearly as much as I won.Comment -
Betfair settled US Elections Bets as well..Comment -
Pinnacle graded my election bets.Comment -
They should go to inauguration. What if Biden isn't inaugurated?Comment -
If Biden isn't inaugurated it'll be a shit storm a lot bigger than us hassling books over bets.
My advice is do nothing. If Biden doesn't get inaugurated on Jan 20th then you can start bitching to the sportsbooks. Until then they aren't going to change anything so why waste your time.Comment -
I asked BOL to do exactly that. Wait to see who is in the office. I had a 4 figures bet on Trump to win "live". Catch this: They said if I didn't bet it live and bet it as a normal wager, they would've refunded me. Huh?
So, checked today. pending bet graded as loss. This was made, of course, when he was up by 10-15% in all those states before they figured out how to reverse the leads.
I thought I would atleast get my bet canceled. NOPE!
Not only will I never bet a political bet ever again, but I am done with offshore after this garbage.Comment -
Expect the inauguration doesn't mean anything for some sportsbooks. Pinnacle uses the electoral college to award a winner of the election, as do many others. The rules, at Pinnacle at least, state if Biden were to die or something else were to happen the bets stand.Comment -
Unless the Democrats in the house decide to vote him out on Jan 6th, he will be inaugurated.
There's also a reason why GOP house leadership won't even want to try to challenge electoral college votes: if there's a delay, Trump's term ends on Jan 20th, and the constitutional line of succession would then automatical;ly make Pelosi President. McConnell & co would much rather deal with Biden.Comment -
Inauguration has nothing to do with who won the election; you can know this because if Biden were to die or otherwise become incapacitated at any point between now and inauguration day, Kamala Harris becomes President. You should have stopped relentlessly insisting you knew what you were talking about in this thread weeks ago but of course you have not.Comment -
Update: BOL finally allowed me to withdraw, after I asked customer service.
They cost me a 70% gain (BTC) by not paying out the day after the election.
Even if people think its fair that they waited until the electoral college vote, by holding my withdrawal, they cost me at least a 21% gain.
You are welcome for the loan, BOL.
Not happy. I am switching to Heritage/Bookmaker. Forget these shady books.Comment -
How about a line on who will continue to be POTUS in 2021? My value bet is on Trump as a huge UD.Comment -
any stragglers?Comment
