Quote:
Originally Posted by housenuts
I don't think this is true. Bookies will probably net very close to the same with whoever wins. They net the vig either way. The public money is setting the line. Do you have data from 2016 showing bookies lost a ton? Bookies don't lose $ any time an underdog wins.
I lost betting on Hillary with my local four years ago, and maybe he was trying to make me feel better, but when I was talking to him at settle up, he said, "I got ****ING DESTROYED by Trump bettors!"
On another note, everyone is taking at face value that books are betting on Biden. However, Dave Mason of BetOnline was the guest on a sports betting podcast I often listen to (PM if you want the name; I won't shill it here) and Dave said their greatest volume of bets is on Trump, but a Biden electoral college win is, in fact, their greatest liability, between their biggest clients betting large amounts on Biden, plus the futures bets taken back in January when Biden was still like a 10-1 (or worse) dog to win. So... BetOnline needs a Trump EC victory, but a Biden popular vote win, due to so many Trump bettors taking what he described as "lottery ticket" bets on Trump to win the popular vote. He also mentioned their two biggest state-level liabilities being Trump to win PA at +160, and Trump to win CO at +700.