Where they smart enough to sucker those who believed Trump would win?…Even after he lost?
Political pundits TOLD people the first 2020 Presidential election counted votes WOULD favor Trump, but the whole count would NOT....That and the hardcore belief IN Trump from those who are in support base gave bookies a HUGE take in Donald Trump’s lose who some people STILL cannot accept …
On Dec. 9, Donald Trump tweeted something incorrect but at least closer to the ballpark of the truth than most of what he’s posted since losing his reelection campaign.
“At 10 p.m. on Election Evening, we were at 97% [to] win with the so-called ‘bookies,’ ” Trump wrote. The “so-called ‘bookies’ ” never had Trump as a 97 percent favorite, but late on the night of Nov. 3, many online sportsbooks did indeed favor him to win the presidency. At points between 10 p.m. and 11:30 p.m. Eastern, many of these bookmakers—all of which are offshore, because election betting is not legal in the United States—posted odds that gave Trump around a 70 percent chance of victory. At 10:30 p.m., one of the most popular offshore books for U.S. bettors, Costa Rica–based Bovada, had Trump at -775, meaning a successful $775 bet would return $100 in profit. It implied an 89 percent chance that Trump would win….
The betting markets were not good predictors, but they weren’t trying to be. The online bookmakers that fielded bets on the election saw their largest single-event windfall ever. To understand why, you need to understand election betting and Donald Trump supporters…..
“We’ve got people living in two different realities politically, and we’ve got people betting in two different realities,” Sherwin says.
Are the bookmakers totally innocent? Were they baiting Trump supporters all along, milking gullible gamblers for all they were willing to bet?
Not in the beginning. The oddsmakers were living in the same simulation as the rest of us, unable to get Trump supporters to stop betting on their hero (and to stop adding to the sportsbooks’ liability). Both Bovada and BetOnline felt they were conservative with Trump’s odds, trying to slow down his backers.
“If anything, we were baiting Biden bettors,” Mason says. “We were giving them the discount.”
Only after the election did bookmakers reach the “taking candy from a baby” portion of the proceedings. Mason tweeted the day after the election, when Trump’s odds at BetOnline were +525 and 80 percent of the bets were still coming in on Trump, “Our massive liability continues to grow.”….