Sportsbet Says It Will Pay Out Early On Biden As US President
Anonymouse Cowtard writes: When you're holding millions in bets on the favorite, you don't take the decision to payout lightly. Betting agencies are often good barometers for political polls, but Sportsbet has been stung before. They incorrectly paid out on bets for the Labor Party in Australia to win two days before the election was held, assuming a victory would come to the polling leaders. That party lost. According to Bloomberg, "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. The online bookmaker has deemed Biden's lead as 'unassailable' after CNN projected Michigan would go to the Democrats and that he holds the ascendancy in Nevada and Arizona. Sportsbet has paid out over 100,000 bets to punters who backed Biden."
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