Re: Stake.com - Casino & Sportsbook - Lamborghini Giveaway! 🚀 🎰 🏀 ⚾ 🏈 �� 🥊 🎲
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.
It should be the only one that counts.Note that I have no wager on this contest with this sportsbook. I'm just a little surprised to see this from Stake.
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.
All markets that I've seen grade on the expected result of the Electoral College, and not the actual result. In the event of a faithless elector(s) causing a different president to be elected, sportsbooks would still grade the "real" winner as such.
All markets that you have seen if they have permanently settled are a scam because Betfair, William Hill, Paddy Power, Pinnacle and ALL licensed, legal, trusted providers are withholding, the only one doing early payout is sportsbet.com because as the name implies they have a lot of sport bettors who are pressuring without knowing the rules. Some markets are open and Trump odds are increasing as we speak.
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.
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!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.
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.
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. Ofc biden bros are satisfied, would you argue with that? xd