Topic: Stake.com - The Leading Crypto Casino - Drake, UFC, Everton, Alfa Romeo F1 Team - page 700. (Read 277222 times)

It should be the only one that counts.

The bet that was made was : the next President of the United States of America

So if Donald Trump gets his 270 Electoral Votes and becomes the next President, the Trump Bets should be paid out.

4. There is no requirement for a losing presidential candidate to secede in a US Presidential election.

The only decisive point in determining this contest is #3. I understand that sportsbooks need the ability to exercise discretion in cases where the results of a contest are contentious, but that discretion should be applied fairly and uniformly. Stake is paying out Biden bets on the basis that the electoral college will elect him. That should be the only criteria necessary to pay out Trump bets.

Note that I have no wager on this contest with this sportsbook. I'm just a little surprised to see this from Stake.

This is our biggest market ever on stake, the risk for us is in the millions so it definitely sparked a debate internally. Our odds provider is not settling it until next year and we couldn't hold user funds till feb or prematurely say that trump had lost just because the media has called the race. We did however create a set of criteria for what a trump win would constitute in case Trump plots a coup . We tried to hit the right balance here and it has been amazing to see that bettors on both sides of the market have been telling us they are satisfied with our decision.

Given that we are taking bets on the result of the election a winning Trump bet will only be possible if certain criteria are satisfied. All of the following would need to occur:

1. Voter fraud is proven
2. Votes are recast
3. Trump receives 270+ electoral college votes
4. Biden concedes

You see, players really are easy to please.  All you gotta do is expose yourself to getting free rolled.

it has been amazing to see that bettors on both sides of the market have been telling us they are satisfied with our decision.

Man, seriously stake sets new examples for sports betting. How amazing it sounds to settle bets despite knowing that the user might withdraw the funds and move on later if they are known to lose somehow it would be a massacre for stake losing every bet technically. Stake keeps giving reasons to love them and really this is a great gesture from them, I was reading on their blog about this statement and really just don't have words for this kind of attitude towards the community, amazing!

I did make a bet on Trump so I have little hope now that maybe Trump can reverse things and hopefully come out on top but honestly speaking if that happens stake will lose a big amount of money as they already paying out Biden bets now and will have to pay Trump bets later so I don't know if I should even hope for a Trump win.

Man, seriously stake sets new examples for sports betting. How amazing it sounds to settle bets despite knowing that the user might withdraw the funds and move on later if they are known to lose somehow it would be a massacre for stake losing every bet technically. Stake keeps giving reasons to love them and really this is a great gesture from them, I was reading on their blog about this statement and really just don't have words for this kind of attitude towards the community, amazing!

I did make a bet on Trump so I have little hope now that maybe Trump can reverse things and hopefully come out on top but honestly speaking if that happens stake will lose a big amount of money as they already paying out Biden bets now and will have to pay Trump bets later so I don't know if I should even hope for a Trump win.

https://news.stake.com/us-election-2020-statement/

Official stake elections statement

Summary:"We have chosen to pay out on Biden early while allowing Trump bets to remain unsettled until there is more clarity."


We're actively settling Biden bets now as a win, if you bet on him you will get paid within 24h.

Great way to handle this bets around the US elections, showing once more why Stake is one of the best crypto casino's!

That's a nice accumulator win! I tried in the past to create multiples with low odds, but I always failed  .

What is singular is that Biden needs to concede for Trump bettors to win but Trump doesn't have to concede for Biden bettors to early payout. This is a discrepancy and shouldn't be a requirement if it's not applied to both parties.

Betfair, Paddy Power, William Hill, Pinnacle, MyBookie and others are still waiting because the Media doesn't have legal authority. It's fine if you guys want to pay biden early but I have confidence in "We will do our best to employ logic and reasonability around our outcomes as more information comes into play." So it's fine. But remember, the result is always certified by law, not by media, biden bettors weren't owed this outcome. Stake has proven to be a very fair and square platform beyond legal requirements. But I expect compliance and professionality the official result to be honored. The outcome and official result is disputed and not certified, so I expect Stake.com to abide the legal and certified outcome of this election in the same way all major and licensed providers will do. Otherwise there'll be elements for a class action, of course nobody wants that and it'll likely not happen but it's important to think the requirements very well because it's about the official result, media doesn't elect presidents, they called early because it's a collusion, anyways, we'll see. As of now I'm fine with stake.com approach as long as it's legal, fair and reflects the officials decision on the matter which is currently disputed and ongoing. Technically the counting hasn't even ended, and officials have clearly stated recounts, "glitches" are being adjusted and else. As long as the legal and official outcome is respected it's fine. Any action different from the official result will not be legal. Bush vs Gore election lasted 54 days. This is going to take less but I expect fairness to Trump bettors if he wins.

So, people will win either way.. no matter who they bet on? I know Eddie said that there was over $4 000 000 that was bet on this election results, just on Stake in his Stream over the weekend.  

Well, I will be happy... because I dropped a few dollars on Trump for a win.. even if I do not really like any one of the two. Thank you for keeping us up to date on this matter, because it dominated the discussions in the chat the last few days.  

Biden has over 300 votes in his favor. You seem to be expecting Trump to suddenly turn things around in the swing states and win them over. Hilarious. His own family is asking him to concede instead of acting like a sore loser. He is fired plain and simple.

You probably started following politics this election and don't know how this works.... Biden has 259 votes already.... PROJECTED ofc, will shrink further.

Wow. Crazy accumulator win. Those odds are insane. I usually stick to betting on 1.1 or lower odds in such long accumulators for obvious reasons which is why your win is truly impressive.

You guys seem to be delusional in so many ways. Georgia and Pennsylvania won't flip anymore. Arizona could flip, but I doubt that will happen. Trump going to court and moaning like a loser won't change anything. Move on people.

You guys seem to be delusional in so many ways. Georgia and Pennsylvania won't flip anymore. Arizona could flip, but I doubt that will happen. Trump going to court and moaning like a loser won't change anything. Move on people.