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US Elections 2020 have made a new record in Gambling

US election 2020

US election 2020 have shown a unforgettable scene, A gambler from United kingdom Placed a £1 million bet on the Democratic Presidential candidate Joe Biden  to be the next US president on the Betfair Exchange. The huge wager was placed October 29 on the Betfair Exchange, it never happened before.

US election 2020
SCRANTON, PENNSYLVANIA – JULY 09: The presumptive Democratic presidential nominee Joe Biden stops in front of his childhood home on July 09, 2020 in Scranton, Pennsylvania. The former vice president, who grew up Scranton, toured a metal works plant in Dunmore in northeastern Pennsylvania and spoke about his economic recovery plan. With fewer than four months until the election, polls continue to show Biden leading in Pennsylvania which is a battleground state in the race for the presidency.

In United Nations gambling is not allowed but in United kingdom Political gambling is allowed. US election 2020 was all about gambling. The bookmaker Betfair says that it was the biggest political bets of all time. The Betfair will allow the the gamblers to keep wagering until the winner is declared. These bets does not stop in a single day it takes time.

And this year the estimating total US presidential election wagers on its exchange will top £400 million, or twice of what was wagered in 2016.

Professional politics gambler and Betfair election expert Paul Krishnamurty said the big-money bets were coming in for Biden due to growing confidence in the betting market.

“That’s what we always see at the end of an election where the people get more confident about the market and the big hitters enter,” Krishnamurty said.

the spokesperson for Betfair said that “The bettor who backed Biden with the third biggest wager in Betfair’s history wishes to remain anonymous”. Nobody knows the name of the person it is still not declared

Media outlets including CNN have called the race for biden, but the bettor can’t yet collect their £540,000 ($710,000) profit and original stake. A spokesperson for Betfair said Monday that the “market will be settled once the result has been officially confirmed.”.

This year the people of U.S voted through mail-in ballots or early in-person voting. The whole of voting was very much different this year.

Trump, who was on the golf course when CNN and other networks called the race for the former vice president, has shown no indication that he intends to concede. While en route to his course in Virginia, he tweeted: “I WON THIS ELECTION, BY A LOT!”

 

US election 2020
Democratic presidential candidate former Vice President Joe Biden, with Democratic vice presidential candidate Sen. Kamala Harris, D-Calif., raise their arms up as fireworks go off in the background during the fourth day of the Democratic National Convention, Thursday, Aug. 20, 2020, at the Chase Center in Wilmington, Del. Looking on are Jill Biden, far left, and Harris’ husband Doug Emhoff, far right. (AP Photo/Andrew Harnik)

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About the author

Pooja Singh

Pooja Singh

I'm Pooja Singh, pursuing masters in Mass Communication & Journalism from Tezpur University. I am so into writing and this has become my hobby as well as my profession. I have one year experience in content writing. Being a media student I have nose for news. Currently i'm working with Magazine 99 as an intern.

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