How Oddsmakers Made a Fortune Off Gullible Trump Supporters

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Sep 29, 2005
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Surfing the Oceans of Liquidity
Living in an alternative reality can be very costly, as it was for Trump's supporters.
If you were cursed enough to be following betting markets on election night, those numbers might have hit you like the New York Times’ 2016 needle on megasteroids. Political analysts had warned that delays in counting mail-in ballots could create a “red mirage,” where Republicans would look good based on the Election Day vote before Democrats made up ground. But the betting odds were not buying that theory of the race. They moved hard toward Trump when it became clear he would win Florida and looked good in North Carolina, Ohio, and Texas.​
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. ...​
Bovada’s head oddsmaker, Pat Morrow, said that his site handled “eight figures” in election bets, 95 percent of them coming from Americans, and that 30 percent more cash had been wagered on the race than the site’s previous biggest event, the Chiefs-49ers Super Bowl in February. At Panama-based BetOnline, the election also brought the largest sum of total wagers in history: “mid–eight figures,” according to sportsbook brand manager Dave Mason. ...​
“Everybody knows that the Super Bowl is the biggest bet event of the year by far, and this doubled the last two combined,” Mason says. “It was absolutely insane. Not only the amount of people betting it, but the big bets that were coming in. Five figures and even six-figure bets coming in on both sides. We’d never seen anything like it.” ...​
The odds-shifting bonanza on election night, with all that money on the line, was not a sign that the oddsmakers knew something the mainstream media did not. Instead, the Trump spike was the peak of a phenomenon that had been unfolding all year. Many Trump supporters were certain he could not lose, and they plowed so much money into betting on him that they distorted markets in his (and ultimately, the sportsbooks’) favor.
“It’s the most irrational market I ever saw,” says Collin Sherwin, a Tampa, Florida–based gambling writer who covers the industry for Vox Media’s DraftKings Nation. ...​
For most of the year, Trump’s short odds to win (requiring bettors to risk more money for smaller winnings) were not a reflection of inside political knowledge, or of the oddsmakers being MAGA guys. Bookmakers were taking on so many Trump bets that they consistently tried to discourage people from betting on him. ...
“Trump supporters are loud,” Morrow says. “They love Trump in a way that most candidates are not beloved, but they also represent the demographic of a lot of sports bettors. These are people that are 18 to 45, generally white male.” ...​
Here’s another clue that Trump’s cult of personality inspired abundant irrational betting. For the first few months of the general election, Bovada bettors could toss their money into two different general election markets. One was “Biden against Trump,” the other “the Democratic Party against the Republican Party.”​
While Trump got the overwhelming share of the money against Biden, those who bet on a party put more money on the Democrats.​
“People wanted to have a Trump [betting] ticket,” Morrow says. “They didn’t wanna have a ‘Republican Party to win the presidential election’ ticket.” ...​
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, ...​
The sportsbooks won untold millions off a political movement’s refusal to accept reality. It wasn’t the oddsmakers’ plan to win by such large margins, and doing so despite making Trump a relative favorite was largely good fortune.​

 
Living in an alternative reality can be very costly, as it was for Trump's supporters.
If you were cursed enough to be following betting markets on election night, those numbers might have hit you like the New York Times’ 2016 needle on megasteroids. Political analysts had warned that delays in counting mail-in ballots could create a “red mirage,” where Republicans would look good based on the Election Day vote before Democrats made up ground. But the betting odds were not buying that theory of the race. They moved hard toward Trump when it became clear he would win Florida and looked good in North Carolina, Ohio, and Texas.​
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. ...​
Bovada’s head oddsmaker, Pat Morrow, said that his site handled “eight figures” in election bets, 95 percent of them coming from Americans, and that 30 percent more cash had been wagered on the race than the site’s previous biggest event, the Chiefs-49ers Super Bowl in February. At Panama-based BetOnline, the election also brought the largest sum of total wagers in history: “mid–eight figures,” according to sportsbook brand manager Dave Mason. ...​
“Everybody knows that the Super Bowl is the biggest bet event of the year by far, and this doubled the last two combined,” Mason says. “It was absolutely insane. Not only the amount of people betting it, but the big bets that were coming in. Five figures and even six-figure bets coming in on both sides. We’d never seen anything like it.” ...​
The odds-shifting bonanza on election night, with all that money on the line, was not a sign that the oddsmakers knew something the mainstream media did not. Instead, the Trump spike was the peak of a phenomenon that had been unfolding all year. Many Trump supporters were certain he could not lose, and they plowed so much money into betting on him that they distorted markets in his (and ultimately, the sportsbooks’) favor.
“It’s the most irrational market I ever saw,” says Collin Sherwin, a Tampa, Florida–based gambling writer who covers the industry for Vox Media’s DraftKings Nation. ...​
For most of the year, Trump’s short odds to win (requiring bettors to risk more money for smaller winnings) were not a reflection of inside political knowledge, or of the oddsmakers being MAGA guys. Bookmakers were taking on so many Trump bets that they consistently tried to discourage people from betting on him. ...
“Trump supporters are loud,” Morrow says. “They love Trump in a way that most candidates are not beloved, but they also represent the demographic of a lot of sports bettors. These are people that are 18 to 45, generally white male.” ...​
Here’s another clue that Trump’s cult of personality inspired abundant irrational betting. For the first few months of the general election, Bovada bettors could toss their money into two different general election markets. One was “Biden against Trump,” the other “the Democratic Party against the Republican Party.”​
While Trump got the overwhelming share of the money against Biden, those who bet on a party put more money on the Democrats.​
“People wanted to have a Trump [betting] ticket,” Morrow says. “They didn’t wanna have a ‘Republican Party to win the presidential election’ ticket.” ...​
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, ...​
The sportsbooks won untold millions off a political movement’s refusal to accept reality. It wasn’t the oddsmakers’ plan to win by such large margins, and doing so despite making Trump a relative favorite was largely good fortune.​

Slate? Come on!
 
Living in an alternative reality can be very costly, as it was for Trump's supporters.
If you were cursed enough to be following betting markets on election night, those numbers might have hit you like the New York Times’ 2016 needle on megasteroids. Political analysts had warned that delays in counting mail-in ballots could create a “red mirage,” where Republicans would look good based on the Election Day vote before Democrats made up ground. But the betting odds were not buying that theory of the race. They moved hard toward Trump when it became clear he would win Florida and looked good in North Carolina, Ohio, and Texas.​
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. ...​
Bovada’s head oddsmaker, Pat Morrow, said that his site handled “eight figures” in election bets, 95 percent of them coming from Americans, and that 30 percent more cash had been wagered on the race than the site’s previous biggest event, the Chiefs-49ers Super Bowl in February. At Panama-based BetOnline, the election also brought the largest sum of total wagers in history: “mid–eight figures,” according to sportsbook brand manager Dave Mason. ...​
“Everybody knows that the Super Bowl is the biggest bet event of the year by far, and this doubled the last two combined,” Mason says. “It was absolutely insane. Not only the amount of people betting it, but the big bets that were coming in. Five figures and even six-figure bets coming in on both sides. We’d never seen anything like it.” ...​
The odds-shifting bonanza on election night, with all that money on the line, was not a sign that the oddsmakers knew something the mainstream media did not. Instead, the Trump spike was the peak of a phenomenon that had been unfolding all year. Many Trump supporters were certain he could not lose, and they plowed so much money into betting on him that they distorted markets in his (and ultimately, the sportsbooks’) favor.
“It’s the most irrational market I ever saw,” says Collin Sherwin, a Tampa, Florida–based gambling writer who covers the industry for Vox Media’s DraftKings Nation. ...​
For most of the year, Trump’s short odds to win (requiring bettors to risk more money for smaller winnings) were not a reflection of inside political knowledge, or of the oddsmakers being MAGA guys. Bookmakers were taking on so many Trump bets that they consistently tried to discourage people from betting on him. ...
“Trump supporters are loud,” Morrow says. “They love Trump in a way that most candidates are not beloved, but they also represent the demographic of a lot of sports bettors. These are people that are 18 to 45, generally white male.” ...​
Here’s another clue that Trump’s cult of personality inspired abundant irrational betting. For the first few months of the general election, Bovada bettors could toss their money into two different general election markets. One was “Biden against Trump,” the other “the Democratic Party against the Republican Party.”​
While Trump got the overwhelming share of the money against Biden, those who bet on a party put more money on the Democrats.​
“People wanted to have a Trump [betting] ticket,” Morrow says. “They didn’t wanna have a ‘Republican Party to win the presidential election’ ticket.” ...​
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, ...​
The sportsbooks won untold millions off a political movement’s refusal to accept reality. It wasn’t the oddsmakers’ plan to win by such large margins, and doing so despite making Trump a relative favorite was largely good fortune.​



SHORT STORY:
Trump stimulated the economy in yet another way that Joe Biden will never manage.​
PaperTiger.jpg
 
Interesting and telling that even after getting Trump out of office and "winning" the White House, they still never have anything actually GOOD to say about Joe yet still bitch about Trump.

He'll be instrumental in us having our first woman President ... just one more tug-of-war with his dog ...
 
Living in an alternative reality can be very costly, as it was for Trump's supporters.
If you were cursed enough to be following betting markets on election night, those numbers might have hit you like the New York Times’ 2016 needle on megasteroids. Political analysts had warned that delays in counting mail-in ballots could create a “red mirage,” where Republicans would look good based on the Election Day vote before Democrats made up ground. But the betting odds were not buying that theory of the race. They moved hard toward Trump when it became clear he would win Florida and looked good in North Carolina, Ohio, and Texas.​
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. ...​
Bovada’s head oddsmaker, Pat Morrow, said that his site handled “eight figures” in election bets, 95 percent of them coming from Americans, and that 30 percent more cash had been wagered on the race than the site’s previous biggest event, the Chiefs-49ers Super Bowl in February. At Panama-based BetOnline, the election also brought the largest sum of total wagers in history: “mid–eight figures,” according to sportsbook brand manager Dave Mason. ...​
“Everybody knows that the Super Bowl is the biggest bet event of the year by far, and this doubled the last two combined,” Mason says. “It was absolutely insane. Not only the amount of people betting it, but the big bets that were coming in. Five figures and even six-figure bets coming in on both sides. We’d never seen anything like it.” ...​
The odds-shifting bonanza on election night, with all that money on the line, was not a sign that the oddsmakers knew something the mainstream media did not. Instead, the Trump spike was the peak of a phenomenon that had been unfolding all year. Many Trump supporters were certain he could not lose, and they plowed so much money into betting on him that they distorted markets in his (and ultimately, the sportsbooks’) favor.
“It’s the most irrational market I ever saw,” says Collin Sherwin, a Tampa, Florida–based gambling writer who covers the industry for Vox Media’s DraftKings Nation. ...​
For most of the year, Trump’s short odds to win (requiring bettors to risk more money for smaller winnings) were not a reflection of inside political knowledge, or of the oddsmakers being MAGA guys. Bookmakers were taking on so many Trump bets that they consistently tried to discourage people from betting on him. ...
“Trump supporters are loud,” Morrow says. “They love Trump in a way that most candidates are not beloved, but they also represent the demographic of a lot of sports bettors. These are people that are 18 to 45, generally white male.” ...​
Here’s another clue that Trump’s cult of personality inspired abundant irrational betting. For the first few months of the general election, Bovada bettors could toss their money into two different general election markets. One was “Biden against Trump,” the other “the Democratic Party against the Republican Party.”​
While Trump got the overwhelming share of the money against Biden, those who bet on a party put more money on the Democrats.​
“People wanted to have a Trump [betting] ticket,” Morrow says. “They didn’t wanna have a ‘Republican Party to win the presidential election’ ticket.” ...​
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, ...​
The sportsbooks won untold millions off a political movement’s refusal to accept reality. It wasn’t the oddsmakers’ plan to win by such large margins, and doing so despite making Trump a relative favorite was largely good fortune.​

Wow. Sounds like young to middle aged trumpers lost a ton, and the book makers made a fortune!
 
He'll be instrumental in us having our first woman President ......
And possibly our last, if Spread-Em-High Harris is as bad as I expect she'd be. Gender is NO "qualification" for being a POTUS.

Horsefeathers ... this country need a good mothering ... someone to stamp her foot down and make us play nice together ...


You can't possibly seriously think that is what Harris would do given the power of the WH, to "stamp her foot down" and make ALL OF US "play nice together?" :21:

The only foot that will be stamped down is on her opposition, who will be oppressed and crushed as needed to silence their voices by labeling free speech as hate speech.
 
Living in an alternative reality can be very costly, as it was for Trump's supporters.
If you were cursed enough to be following betting markets on election night, those numbers might have hit you like the New York Times’ 2016 needle on megasteroids. Political analysts had warned that delays in counting mail-in ballots could create a “red mirage,” where Republicans would look good based on the Election Day vote before Democrats made up ground. But the betting odds were not buying that theory of the race. They moved hard toward Trump when it became clear he would win Florida and looked good in North Carolina, Ohio, and Texas.​
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. ...​
Bovada’s head oddsmaker, Pat Morrow, said that his site handled “eight figures” in election bets, 95 percent of them coming from Americans, and that 30 percent more cash had been wagered on the race than the site’s previous biggest event, the Chiefs-49ers Super Bowl in February. At Panama-based BetOnline, the election also brought the largest sum of total wagers in history: “mid–eight figures,” according to sportsbook brand manager Dave Mason. ...​
“Everybody knows that the Super Bowl is the biggest bet event of the year by far, and this doubled the last two combined,” Mason says. “It was absolutely insane. Not only the amount of people betting it, but the big bets that were coming in. Five figures and even six-figure bets coming in on both sides. We’d never seen anything like it.” ...​
The odds-shifting bonanza on election night, with all that money on the line, was not a sign that the oddsmakers knew something the mainstream media did not. Instead, the Trump spike was the peak of a phenomenon that had been unfolding all year. Many Trump supporters were certain he could not lose, and they plowed so much money into betting on him that they distorted markets in his (and ultimately, the sportsbooks’) favor.
“It’s the most irrational market I ever saw,” says Collin Sherwin, a Tampa, Florida–based gambling writer who covers the industry for Vox Media’s DraftKings Nation. ...​
For most of the year, Trump’s short odds to win (requiring bettors to risk more money for smaller winnings) were not a reflection of inside political knowledge, or of the oddsmakers being MAGA guys. Bookmakers were taking on so many Trump bets that they consistently tried to discourage people from betting on him. ...
“Trump supporters are loud,” Morrow says. “They love Trump in a way that most candidates are not beloved, but they also represent the demographic of a lot of sports bettors. These are people that are 18 to 45, generally white male.” ...​
Here’s another clue that Trump’s cult of personality inspired abundant irrational betting. For the first few months of the general election, Bovada bettors could toss their money into two different general election markets. One was “Biden against Trump,” the other “the Democratic Party against the Republican Party.”​
While Trump got the overwhelming share of the money against Biden, those who bet on a party put more money on the Democrats.​
“People wanted to have a Trump [betting] ticket,” Morrow says. “They didn’t wanna have a ‘Republican Party to win the presidential election’ ticket.” ...​
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, ...​
The sportsbooks won untold millions off a political movement’s refusal to accept reality. It wasn’t the oddsmakers’ plan to win by such large margins, and doing so despite making Trump a relative favorite was largely good fortune.​

Before the election i told yas bet Biden cause theyre gonna steal it

I didnt bet either ...I should of
 
You can't possibly seriously think that is what Harris would do given the power of the WH, to "stamp her foot down" and make ALL OF US "play nice together?" :21:
The only foot that will be stamped down is on her opposition, who will be oppressed and crushed as needed to silence their voices by labeling free speech as hate speech.

Hate speech is protected under the Constitution ... are you afraid of women or something? ... do you think the divisions in this country are good? ...

Believe me ... her "opposition" looks to be crushing themselves ... you're just looking outside for an excuse to blame y'all's own hatred ...
 
4 MORE Years of TDS bitching and whining..........


Interesting and telling that even after getting Trump out of office and "winning" the White House, they still never have anything actually GOOD to say about Joe yet still bitch about Trump.
Well tube we kinda are waiting for Joe to accomplish something with his administration before starting to hand out accolades. Considering the administration has not started there are no accolades to give. Some people wanted to give Tom Herman accolades at Texas coming from Urban Meyers camp people were ready to start handing out national titles. Turns out old Tom ain't Urban.
 
Hate speech is protected under the Constitution
A LOT of things are protected under the Constitution, but that hasn't stopped them from being routinely attacked, threatened and violated. Censorship of conservatives is running rampant. The Left openly call the Constitution an outdated, obsolete document.


... are you afraid of women or something? ...


Not at all. Just people whom are unelectable on their own being given power who even folks like CBS consider farther to the Left than Bernie Sanders and the most leftwing radical socialist in Congress.
 
Yet another thread where the Deplorables lash out at the OP instead of learning the lesson. To be fair, most Deplorables are dumb as a sack of rocks. Trying to give them insight is like teaching a pig to sing - you won't get anywhere and it annoys the pig.
 
A LOT of things are protected under the Constitution, but that hasn't stopped them from being routinely attacked, threatened and violated. Censorship of conservatives is running rampant. The Left openly call the Constitution an outdated, obsolete document.

How has the government been censoring Donald Trump these past four years? ... or William Barr? ... Mitch McConnell? ... these conservatives are being widely quoted in the media, their faces are on TV and voices on radio all over the place ... name one person who has been jailed and prosecuted for speaking conservative ideals ...

Not at all. Just people whom are unelectable on their own being given power who even folks like CBS consider farther to the Left than Bernie Sanders and the most leftwing radical socialist in Congress.

Sounds like a problem in your State ... my ballot clearly listed Kamala Harris as candidate for Vice President ... who was listed on your ballot as the Democrat party's nominee for VP? ... anyway, obviously she was elected VP ... sounds like you're afraid of women is all ...

Oh wait ... are you buying into this whole Fraud Conspiracy? ... shame on you ... the Constitution is crystal clear in this matter ... whatever the Left thinks of the document, the Right is completely ignoring it ...

Wave that flag, wave it wide and high.
Summertime done, come and gone, my, oh, my.
 
A LOT of things are protected under the Constitution, but that hasn't stopped them from being routinely attacked, threatened and violated. Censorship of conservatives is running rampant. The Left openly call the Constitution an outdated, obsolete document.

How has the government been censoring Donald Trump these past four years? ... or William Barr? ... Mitch McConnell? ... these conservatives are being widely quoted in the media, their faces are on TV and voices on radio all over the place ... name one person who has been jailed and prosecuted for speaking conservative ideals ...

Not at all. Just people whom are unelectable on their own being given power who even folks like CBS consider farther to the Left than Bernie Sanders and the most leftwing radical socialist in Congress.

Sounds like a problem in your State ... my ballot clearly listed Kamala Harris as candidate for Vice President ... who was listed on your ballot as the Democrat party's nominee for VP? ... anyway, obviously she was elected VP ... sounds like you're afraid of women is all ...

Oh wait ... are you buying into this whole Fraud Conspiracy? ... shame on you ... the Constitution is crystal clear in this matter ... whatever the Left thinks of the document, the Right is completely ignoring it ...

Wave that flag, wave it wide and high.
Summertime done, come and gone, my, oh, my.


You're either stupid or being deliberately obtuse, so no point trying to have a serious conversation with you.
 

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