NEW YORK - October 30, 2020 - ( Newswire.com )

Gambling is unwise because it tends to be enslaving. Gambling, like other evils, has a tendency to become an addiction, which is a condition that is contrary to the teaching of Scripture. The Word of God points out that a Christian will refuse to be enslaved to (or mastered by) even lawful, permissible activities (1 Corinthians 6:12). The Massachusetts Attorney General’s Office is an advocate and resource for the people of Massachusetts in many ways, including protecting consumers, combating fraud and corruption, investigating and prosecuting crime, and protecting the environment, workers, and civil rights.

1. Bentley removes AG Strange from authority to enforce gambling laws, puts power in hands of sheriffs, DAs Updated Jan 13, 2019; Posted Nov 05, 2015 Facebook Share.
2. Kentucky AG Wants Gambling Expansion to Fund Pensions. Kentucky has traditionally been conservative when it comes to gambling expansion; Democratic Attorney General Andy Beshear is seeking his party's gubernatorial nomination; He believes that legalizing casinos and sports betting will help fix the public pension shortfall.
3. The question was put to the AG nominee by Senator Lindsey Graham (R-SC), one of the co-sponsors of the Restoration of America’s Wire Act (RAWA). RAWA seeks to ban all forms of online gambling on a.

​For online gambling company BetOnline.ag, it’s beginning to feel like 2016 all over again.

In the weeks leading up to America’s last Presidential Election, widely-respected political polls and predictive models suggested a somewhat easy win for Hillary Clinton.

RealClearPolitics and FiveThirtyEight both projected Clinton’s chances of becoming the nation’s first female president around 70 percent. Other websites were even more bullish on Clinton, and so were the bookmakers.

“When there’s a fishy line or movement in sports betting, the old adage is that ‘Vegas knows something,’” Dave Mason, brand manager at BetOnline.ag, said. “But in 2016, it was the bettors in the know. The oddsmakers make a living being on the right side, but they were dead wrong that year.”

Money flooded in on Donald Trump in the weeks and days leading up to the 2016 Election. But BetOnline and other bookmakers worldwide were firm in their position and continued to offer great value on the underdog.

“Everyone was shell-shocked. Heck, I even think Trump was a little surprised,” Mason said of the 2016 outcome. “To say the bookies took a bath that Election Day would be a gross understatement. The decision was a big loss for the industry, and a big win for the betting public.”

Estimated losses in the global gambling markets that were able to offer political wagering for the 2016 U.S. Presidential Election were reportedly in the hundreds of millions.

Fast forward four years, and gaming properties are sitting in a very similar position.

As of this release, FiveThirtyEight is giving Joe Biden even better odds than Clinton, currently predicting an 89 percent chance the former VP will be elected. RCP ’s national poll average shows Biden winning by a small margin.

But the bettors, once again, are predicting an underdog outcome.

Since Monday, BetOnline.ag reported that 85 percent of the bets taken on its presidential odds have been on Trump. This one-sided action has greatly swung the numbers in terms of the company’s liability. BetOnline revealed that it stands to lose a seven-figure sum if Trump is re-elected.

“Political stances aside, we’ll all be rooting for the favorite next week,” Mason said. “That’s uncommon in our industry, but we need Biden in a big way.”

Political betting has become wildly popular over the last 10 years, and the 2020 Presidential Election is close to becoming the biggest decision in BetOnline’s 20-year history of taking wagers on sports, politics, entertainment and more. The website’s political betting markets this year have already surpassed the straight bet handle for Super Bowl LIV back in February.

BetOnline would not provide specific numbers, but a representative said that since the last election, it has booked an amount in the eight-figure range on this year’s election.

Currently on the website, Biden is a -180 favorite to win the 2020 Presidential Election while Trump is a +160 underdog.

Ag Stance On Gambling Legislation

It remains to be seen as to whether or not the gamblers will be on the right side of the odds again, but it’s worth noting that the same betting patterns from 2016 are trending as Election Day nears.

About BetOnline.ag

Established in 1991, BetOnline ( www.betonline.ag ) has become a worldwide leader in providing safe, legal and secure online gaming. The company’s guiding principle is to establish long-lasting, positive relationships with its customers and within the gaming community. BetOnline features the most innovative technology and online gaming solutions for its sportsbook, casino and racebook clients.

Contact

Ag Stance On Gambling Addiction

Joshua Barton
The Odds PR
josh@oddspr.com

Press Release Service by Newswire.com

Ag Stance On Gambling Winnings

Original Source: Gambling Company Poised to Lose Millions if Trump Wins Election