Sportsbet CEO Barni Evans told The Herald Sun his betting agency stood to lose more than $10m if Trump won another term while Ladbrokes Australia CEO Dean Shannon said his agency faced a $8-10m disaster if Trump triumphed. Instead, the Coalition has won 75 seats with potentially more wins to come. A Sportsbet statement on Thursday declared punters considered the federal election "run and won, backing Labor into Winx-like odds of $1.16". STAY IN CONTROL. … from October 2020; to January 2021 ; last updated – posted 2021-Jan-21, 4:11 pm AEST posted 2021-Jan-21, 4:11 pm AEST User #25969 2950 posts. Tabcorp would not disclose how much it stood to lose on a Trump victory but said it would hold more money on the US election race than it did on either the AFL … “The market is still open” for those looking to bet on the US campaign, Sportsbet tweeted alongside the revelation that $23 million had already been paid out to individuals who’d placed wagers on the contest. SA Politics. The US election 2020 is a fascinating race, making betting for the US election an interesting – though undeniably challenging – task. Just Greg. Sportsbet spokesman Richard Hummerston told the Sydney Morning Herald newspaper: "Seventy per cent of the cash staked before the early payout had come for Labor, our punters called the election … The US election has been so popular for TAB that it will hold more money for the historical event than the AFL or NRL Grand Finals and it's the same situation for Sportsbet. After WA Opposition Leader Zak Kirkup’s unprecedented admission that he cannot beat Mark McGowan in the upcoming State election, Sportsbet has begun paying out a Labor win early. menu Whirlpool Go to navigation. Responsible Gambling Deposit Limits. Sportsbet has called the US Presidential election for Joe Biden , deciding to pay out early before the final result is officially announced. Sportsbet have a wide range of markets available for the US Election, and the Trump Hub includes a huuuuge range of Trump related betting specials, with every angle covered. I'm not a gambler but I'm thinking of betting up to $5000 this US election. United States Presidential Election Was a Wild Betting Ride. Betting. The US Election has already become the biggest political betting event in history, and Sportsbet.com.au have launched the Trump Hub ahead of Election day. Simon Legg, content and PR manager at Sportsbet, said: "The US Election is a massive event for Sportsbet, so you can expect to see a lot more from us as we draw closer to November. Sportsbet has decided to pay out early on Joe Biden to be elected as the U.S President even with the official result still not known, according to a statement. UK Politics. NSW Politics. … In 2016, it was the second-largest event behind the Melbourne Cup for our customers, and we anticipate it being even bigger this time around." WA Politics. Tasmanian Politics. Donald Trump is running for his second term representing the Republican party, while Joe Biden is the Democratic Nominee. Sportsbet said on Thursday Mr Shorten was at Winx-like odds of $1.16 to win. Japanese Politics. The company said it had paid out $23 million worth of bets placed on the former US Vice President to beat Donald Trump. View the latest odds on NSW Politics Matches & Bet with Sportsbet. November 4, 2020 . This week four years ago, Sportsbet was paying $1.35 for the Mark McGowan-led party to snatch power, compared to $3 for the Coalition. For South Australian residents, Sportsbet’s gambling operations are governed by the South Australian Gambling Codes of … European Politics. Get 2020 Election odds, including Democrat and Republican candidates, plus midterm specials and much more French Politics. US Politics. Donald Trump’s odds to be re-elected as president have plunged. Politics. Sportsbet has already started paying out bets for Joe Biden to win the US Presidential election, even though the final outcome hasn’t been called by any major US networks or newspapers. The US election has been so popular for TAB that it will hold more money for the historical event than the AFL or NRL Grand Finals and it's the same situation for Sportsbet… Aussie bookmaker Sportsbet has become the first local wagering company to confirm it will pay out on Joe Biden winning the US Election.. RELATED: Scott Morrison tries to win over Chinese voters Australian Federal Politics. Sportsbet Help Centre; US Election Hub; US Election Bet Glossary ; US Election Bet Glossary; US Election Bet Glossary. Search. Polls generally converge with betting market trends when it comes to politics. Going into election day, Trump soared out to $2.70, with Joe Biden the clear favorite to develop into the following president at $1.60. A reminder: Political betting is not legal in the United States, but it is over in Europe. The bookmaker says it paid out $1.3 million on Labor to win the election two days before the results were even counted.. Add that to the approximately $3.9 million paid out on a victorious Coalition government, Sportsbet dished out about $5.2 million in the 2019 federal election. Popular Articles. — Sportsbet.com.au (@sportsbetcomau) May 18, 2019 As the votes came in and the result became more clear, so too did Sportsbet’s terrible financial decision. Tab's biggest US election bet over the past 24 hours was $130,000 on former Vice President Biden at $1.57. Join Australia's Favourite Online Betting and Entertainment Website. US Election 2020: Donald Trump’s betting odds plunge on Sportsbet, TAB. 27/05/23 21:00. Going into election day, Trump soared out to $2.70, with Joe Biden the clear favourite to become the next president at $1.60.. US politics betting for all American markets. If you do decide to punt on what could well become known as the election of the century, we hope our advice and tips will prove to be useful. Betting on the US Election. Futures. US election: what are betting markets telling us that polls aren’t? Betting agency Sportsbet may not have botched its federal election payouts as much as first made out. The US election has been so popular for TAB that it will hold more money for the historical event than the AFL or NRL Grand Finals and it's the same situation for Sportsbet… A decision to pay out early on Bill Shorten winning the federal election is expected to cost betting agency Sportsbet at least $5.2 million. VIC Politics. But with the election result on a knifes edge, Trump is now the clear favourite in the eyes of bookies. RELATED: Federal election 2019: Scott Morrison and Bill Shorten deliver final pitches. By 2pm AEDT, Biden’s odds on Sportsbet soared out to … Scottish Parliament Election. GAMBLE RESPONSIBLY. Bookmakers has seen over $1 billion wagered on the outcome of the 2020 Archive View Return to standard view. Forums. Election Results 2019: Sportsbet blunder costs $5.2 million as bookies admit to political misreading Scott Morrison has said he will not call either Donald Trump or Joe Biden until there is a clear winner in the US election. The day … Sport. Whirlpool. I asked Sportsbet’s Director of Sportsbook and Head of Trading if the 2020 US presidential election was their biggest event ever as part of this in depth discussion on political betting, please give it … Contact Us . DON’T LET THE GAME PLAY YOU. Just because US sportsbooks didn’t offer odds in 2020, that it didn’t stop many networks from citing the betting markets leading up to and throughout 2020 Election Night (and the days that followed). Sportsbet markets had previously predicted Labor would claim 82 seats in the election, leaving the Coalition with 63. Bet Slip. The US Presidential Election is just one day away, with the 2020 Election set to occur on Tuesday, November 3rd. “Punters rarely get it wrong on elections.” While that may be the case, the same can’t be said for those at Sportsbet, who have seen a similar PR stunt backfire. Those seeking to place other electoral bets are out of luck, however, as the site reported other “markets” are closed. But. Joe Biden was declared the winner on Saturday morning; Biden began as a heavy favorite, but odds swung to Trump when he won Florida ; Once it looked like Biden would win Wisconsin and other key states, he became the favorite again; SportsBet paid out Biden bettors on Thursday, days before the election was called; Dan Katz. Video: The 'silent Trump vote' may be key in the entire election (Sky News Australia)