Post
Topic
Board Gambling
Re: Stake.com - Casino & Sportsbook - Biden Early Payout! 🚀 🎰 🏀 ⚾ 🏈 🎾 🥊 🎲
by
IurisNostrum
on 16/11/2020, 18:02:04 UTC
There was no logical reason to pay out early and was clearly an emotional decision by stake and now they're looking to make it difficult for Trump bettors by adding scenarios and conditions that shouldn't be applied because if everyone was waiting, there would be no "invalid" scenario. This is quite concerning and should not take place as I don't see any of these conditions on any mainstream legit betting platform and markets. predictit, paddy p, william h, betfair, are ALL either open or frozen waiting for congress to settle this afaik.
No logical reason? Are you living under a rock or something? Majority of the world has already acknowledged Biden and Harris as the POTUS and VP. Even the official results are matching the projections currently. This isn't similar to Gore vs Bush.

Books like Stake, Sportsbet etc who paid out Biden bets early are being applauded for taking risks and have improved their overall reputation while the books and exchanges that you mentioned are being criticised for late payments.
^^
Totally agreed with you on this point!

The ones who have not settled as of yet are taking a massive risk of alienating their customers with withholding their bets due to their odds providers not giving them the O.K to release those bets on biden.

I am personally starting to question these sportsbook websites which do not and their motivations behind it.

So they are going to hold players funds until February if necessary due to those who they hold a license with?

To me Stake did the correct and proper thing to keep customer relations in good standing.

Unlike Pinnacle held sportsbooks.

Sportsbet does not overrule the constitution, what stake did is adding unfair conditions.

These are serious allegations and the DOJ is involved!

This is not a game, they're choosing the US president, there are many procedures in order to make sure that the election was transparent!

Whether I could expect naiveness from a player, I would never expect this from stake as they should know that telection is not over it can last as long as it takes to investigate and bring more clarity, for the sake not only of the US as a country but for all involved in the process (bettors included)....

There is more than a billion USD on "hold". Those platforms have top notch legal team and predictionists, are legally authorized to operate in US and EU and I should believe you? If they took that decision is because LAW matters. The Supreme Court can easily overturn these counts if the process is considered uncostitutional, the electoral college could possibly not meet, and who knows what else.

Major providers are being responsible and I could argue that maybe stake rushed to this decision because it was accommodating them, who knows?

The fact is that the industry standard and operators authorized by betting authorities behave this way, the only legit provider paying out is sportsbet.com afaik and they don't overrule the process by "invalidating" the US constitution as stake is doing.... https://helpcentre.sportsbet.com.au/hc/en-us/articles/360052142091-Joe-Biden-Early-Payout which is illegal and any authority would say the same in the matter given that no authorized arbitrator would invalidate the output resulting at the end of this process.

I'm not arguing furtherly, unless stake answers because you are clearly stake shills to say this and your sportsbet.io company operates under the same curacao license as stake so you're biased just to speak about this and it's shady seeing this too. This bitcointalk thread is clearly biden biased and I'm not taking action here, it would be pointless, I am just asking stake to address this because the law is clear, all legal providers in EU and USA are doing this, so if their legal team advised them this is because they know how this works as they provide election odds and election betting since the beginning of this segment. If stake fails to directly address this I am going to wait and see what happens, then I will not take action on this forum because as I said before, is clearly pointless but rest assured that law is above all and an unfair treatment to trump bettors,or worst, if odd providers paying a trump win and stake doesn't, will be massive problems for stake and I bet they know already, beware.