Betfair didn't pay prizes for betting on Biden in US Election
The betting in bookmakers' offices for the presidential election in the United States has become a discussed topic in the gambling community.
Many gambling operators offered to bet on the candidate in the upcoming election. Coefficients were different, however Biden was the favorite among the most bookmakers.
Online betting offices of iPoker network are no exception. Many of them have already started paying out the winnings without waiting for the official announcement of results.
Thus, the betting offices such as William Hill, Betfred and Bet365 have already paid the prize money to the winners, based on the preliminary results announced in the media.
However, Betfair, Coral and Ladbrokes don’t hurry to pay money, stating that there are no official results due to the problems with votes’ recount.
According to Betfair representatives, they should wait for the clarity concerning the current elections, as well as votes’ recount and any potential legal issues. They promise to pay prize money as soon as the result is officially confirmed.
The results of these elections can have a significant impact on the betting industry. In social networks, the large bet of one British businessman in the amount of $5 000 000 on Trump's victory is actively discussing. This bet has already become the biggest one of all political bets in history.