Quote:
Originally Posted by Chuck Bass
Biden 1.11 (-909) on Betfair now and the odds are drifting. Pretty funny. I misread this so bad, it was 1.05 (-2000) earlier today and I considered cashing out with the idea of buying back later at around these odds. But then I was like nahhhhh surely, SURELY there can't be that much dolty Trump money left.
At this rate we'll be back to pre-election prices within a few days
A significant amount of people misunderstand betfair's rules (even it seems betfair's PR people).
Quote:
Who will be elected to be the next President of the United States of America as a result of the 2020 presidential election?
This market will be settled according to the candidate that has the most projected Electoral College votes won at the 2020 presidential election. Any subsequent events such as a ‘faithless elector’ will have no effect on the settlement of this market. In the event that no Presidential candidate receives a majority of the projected Electoral College votes, this market will be settled on the person chosen as President in accordance with the procedures set out by the Twelfth Amendment to the United States Constitution.
The intro is "who will be elected to be" ie not the inaugurated president, so that wipes out any Biden dying, Harris AN other becoming pres. Or trump coup.
Then we have
This market will be settled according to the candidate that has the most projected Electoral College votes won at the 2020 presidential election. Any subsequent events such as a ‘faithless elector’ will have no effect on the settlement of this market
This is the key rule - it is again not the inaugurated president, simply the candidate that has the most "projected electoral votes". There is a bit of debate about what "projected" means but given that it isn't a phrase used by any government organisation afaik, and given that betfair have settled every other pres. election on media projections, it is difficult to understand why they aren't paying. Note also that EC shenanigans/trump coup will have no affect on paying.