Topic: Stake.com - The Leading Crypto Casino - Drake, UFC, Everton, Alfa Romeo F1 Team - page 701. (Read 277222 times)

It's a huuuugggeee win!
https://twitter.com/Stake/status/1326020290770575361

He most probably will, biden lead is shrinking and GA PA AZ went back to undecided and biden has 259 votes now, he will prolly lose others as the process unfolds.

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

Please clarify point number 2, because recast means re-voting If I'm not mistaken (or re-arrangement?)

What's gonna happen is recount in some states and re-arrangement of votes, it's unlikely they'll go for a re-vote unless the election as a whole gets invalidated and replaced.

My question is most probably a technicality on the term but please clarify recast.

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 it.  

Lots of books aren't settling till Jan (or even Feb).  Paying out without settling losing tickets is not something most would even consider.  Hopefully you don't have to pay the losers.  

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.

Trump hasn't lost, the result it's still pending. Some bookmakers are paying early for Biden but ensured to pay for Trump if when the election has ended is legally certified as the actual winner. To have a winner you need to have the Electoral College to vote and the loser to concede. None of this happened. These are all projections

All compliant bookmakers pay based on legal based win, those who are paying Biden now are doing it discretionary to calm those who are complaining because they see the news. But legally they're not binded to pay those. And most bookmakers put everything on hold because despite what the media says the result is still unknown and highly disputed. The elections hasn't ended officially and ZERO states have certified the win of either one or the other candidate. The result is when EC certifies and/or loser concedes.

According to google:

Joseph Robinette Biden Jr. is an American politician who is informally regarded as president-elect of the United States after the 2020 presidential election. usually, Google is quit actual. as long as it is informal, and not formal I think it is still not a closed case. they can also make protest against the votes, which must be taken into consideration as well.

This is literally free money. 6% is pretty awesome considering the fact that we know the result already.

But rest assured if we settle this for those who bet on Biden and Trump somehow gets elected as president we would have to payout all the bets made on Trump as well.

This is the reason i am against settling this market prematurely but as we always try to do the best thing for our players we might do this.

BetFair exchange still has 1.06 odds for Biden and 17 odds for Trump (both options with tons of volume), so betting markets clearly don't consider the election decided. I'm pretty surprised that Biden still pays 1.06 but clearly I don't as much about the election.

BetFair exchange still has 1.06 odds for Biden and 17 odds for Trump (both options with tons of volume), so betting markets clearly don't consider the election decided. I'm pretty surprised that Biden still pays 1.06 but clearly I don't as much about the election.

I am not sure what is the reason behind it but it seems irresponsible to me to keep taking bets on this market after its almost certain that Biden will be the next president.

Let's make sure that sportsbet.com and .io are differed in this conversation because:

Sportsbet.com isn't tricking anyone, they just succumbed to crybabies, they're going to pay out both so it's fine, they can keep the market open and they clearly stated that biden bets that have been set after biden early payout will not be paid if Trump wins, which he likely will, because the legal case is real and the fraud too, reason why there's no official result.

Sportsbet.io on the other hand, of which I don't know much about, seems they settled early and if they don't pay Trump bettors if Trump is the official winner, They'll be in BIG trouble as it's quite illegal and an act of gross negligence which is easily enforceable in a Court of Law because Official Bodies are withholding for serious reasons. This is why sportsbet.com is taking the right approach in setting biden early which is doing it at a risk.

All major providers (Paddypower, Betfair, Pinnacle, etc) are withholding the settlement for these very serious reasons until IMHO either 14th December when is the ultimate call for the Electoral College or even before with recounts and in some states like Arizona it's possible that the results are overturned even before Electoral College (federal) through Electoral Commission (national). In any case, the official result of is what stands. So if Stake settles early for biden they're just doing you a favour and they're risking big for you and they'll be probably at a loss because there's plenty of evidence to show where is this going.


Which would be remarkable because they're not binded in any way to do so and no single major provider did this.

Does this message means that what Sportsbet was doing was incorrect and they took advantage of the situation in order to trick people?
Or maybe it was out of their control and it was just automatically showed up.

I have to agree that what sportsbet io is doing is pretty ridiculous if they still keep the market open.

On other hand as Stunna said we are looking into ways to settle this for our players faster than just waiting for new president to be elected.

But rest assured if we settle this for those who bet on Biden and Trump somehow gets elected as president we would have to payout all the bets made on Trump as well.

This is the reason i am against settling this market prematurely but as we always try to do the best thing for our players we might do this.

Anyhow we apologize for the inconvenience this caused, unfortunately it was out of our hands.

Hi, I am just answering to those who are denying the facts. Based on what I've seen so far in Stake.com track record and compliance I expect them to result in a fair decision that protects all involved and grants the decision based on the official results same as any professional and LEGAL provider is doing. I am not raising my voice against Stake. I am just stating facts for those who want to get their way unfairly. I hope this is clear, didn't want to give you a wrong impression. But the issue is here because integrity, transparency and regulatory procedures are a must follow and to be honest it shouldn't even be said that Biden bets are going to be settled today or that the sports team wants to settle Biden. Because if they do before the official result and such result differs from what they did. It'll be a big issue and all should know this. This isn't a partisan matter, is much more of granting a fair outcome for everyone involved based on  regulations and electoral procedures. This isn't a soccer game. However, I have faith in the integrity of Stake in this sense. It's easy to see what all providers are doing and seeing the ongoing dispute as very contentious. Closed markets aren't settled anywhere across major regulated providers. Only sportsbet.com and they clearly stated to cover if Trump wins. Some markets are open with Trump odds are raising because it's clear that is not over and yet some wants to call it off because they bet biden. That's ridiculous, selfish and guess what, illegal. Sportsbet.com market is still open after early biden payout and they accept bets on both so

We will be making a statement within the next 24h regarding how we will handle the US election settlement. As noted we need to take our time to get this right.

Betbtc also shared that in their ANN thread, the bettor uses different sites in gambling, maybe to avoid the limit and minimize the risk.

https://bitcointalksearch.org/topic/m.55536208

All we demand is integrity, transparency and clarity. All you demand is to illegally and unfairly settle this because you want to be paid early and get your way regardless of rules.