BookMaker Underestimates Trump's Lies, Loses Bigly

This story was published more than 1 year ago.

On Tuesday online sportsbook BookMaker took a bath on wagers where they underestimated the number of times President Donald Trump would lie during a television address, losing $276,424 to punters.

Trump took to the airwaves to make his case for building a border wall along the U.S.-Mexico border. The president is seeking funding for the wall, which is being denied by the Democrat controlled House of Representatives, with the deadlock causing a government shutdown as both sides refuse to pass and sign a government spending bill.

BookMaker set the number of lies that Trump would tell during the speech at 3.5, with -145 for over and +115 for less. The book took in hundreds of thousands of dollars in wagers on the over (92% of wagers), and predictably, Trump easily surpassed the 3.5 lies, spewing 11 lies according to the Washington Post. This has led to BookMaker being on the hook for the large sum of money.

Speaking about the loss BookMaker's John Lester said, "It's a bad day for Truthiness and Bookmaker. We knew we were in trouble early with this one."

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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usbarbadosslim93
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10 January 2019 - 5:37pm
#1

This seems like an incredible instance of shorting the line. I wonder why they decided he was going to break rank and ONLY lie 3.5 times when history shows it happens way more...

sharpe

auCL-Ed
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11 January 2019 - 12:09am
#2

Crikey! That was an incredibly bad estimate of the walking fatberg's ability to tell the truth. I wish I would have known about this before the event, that was easy money.

Now if Trump was really smart he could have bet on the overs to win enough to cover the cost of building this monument to his own stupidity.

sharpe

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krcoolsongss Recently online: 56 min ago
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11 January 2019 - 4:16am
#3

This is a funny story, hahaha. Definitely, I would have bet more lies 🙂

But, sadly, this bet was by US bookmaker, so probably, I can not chip in because of jurisdiction... 😀

sharpe

usbarbadosslim93
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11 January 2019 - 6:15pm
#4

This is honestly like betting whether rain will be wet. I STILL can't believe the line was so low!

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22 January 2019 - 11:07am
#5

You don't have to be genius to understand that any politician(not just Trump) will tell + 3,5 lies in an interview with at least 3,5 questions 😉