[Resolved]

[Fear]

Scammer's profile link: @iStake54
Threads:
#1 Gambling Server - Stake Land

Explanation:

1. The owner of StakeLand is claiming Bettors get odds greater than 50-50, meaning bettors have edge on house.

While this does seem plausable and open to interpretation because a clan has the right to do what ever it wishes, however

2. Upon inquiring the owner, he claims that his clan have odds:

This is a false statement. For this to be true he needs to be consistantly paying bettors 50% of bet amount on each bet otherwise the odds do not match with his statement. I'm quite possitive he means top 'MONTHLY' which is one lucky person from his list of discord members, odds of winning that would be less than enough to make his statement true. @iStake54, feel free to correct me here.

Claims wager rewards give bettors the odds. Not even the slightest of truth here unless its consistantly paid on each bet, which not to mention would also mean host is making a loss.

3. His own hosts blatently lying to members how betting works as claimed by one of the host:

Odds are not just win %, by this logic he can claim on a 1-100 dice 10x1.01 is my odds as chance of winning is 90%.

Another one his hosts claiming:

Chance of winning does not equate to odds.

Proof that it's their Discord or Skype:

Discord ID + Unique Discord ID or Skype profile ID & conversation pictures: NIL
Other relevant trade screenshots:

According to his threads

From his threads; neither of these are odds equal or greater than 50% to the bettor.

tl;dr
iStake54 is false advertising in the official sythe discord that bettors have edge over house i.e, bettors have odds over hosts. This turns out to be false as he is literally doing nothing dissimilar than any other clan but claims it gives bettors in his clan edge over house.

 

[iStake54]

False. Up to a specific wager (total bets), we do offer bettors better odds. As I said in my advertisement, if you have any questions of why and how odds can be in bettors favor PM me. Not my cashiers and "staff". They probably dont even understand what i meant. Just like you.

Anyway, We offer rewards for top 5 bettors of the week, rewards for EVERY SINGLE PERSON that wagers specific amounts (the more they bet the more the rewards) (and only that alone, is what gives bettors the advantage over the house, up to a point ofcourse. If they keep betting after the rewards they will start losing the odds) and ofcourse we do more bettors giveaways that depend on luck and not everyone wins.
Proof is in your own report (the 4th picture of me PMing someone on how it works) and ofcourse in my server.
If you have problems with your maths you could have pmed me instead of reporting me. I can teach you free of charge dont worry.

 

[iStake54]

I understand that you need to have at least a decent IQ to understand this, but as an example, for this whole week we offer 150M RS3 on 2B total bets, we sometimes offer for a few hours 50% refund on lost bets, and much more betting giveaways that come to my mind.
You are guaranteed to get 150M on 2B total bets. Only that alone gives you the odds of profiting instead of losing. And you can bet 1m at a time which almost guarantees your profit. There are more betting rewards ofcourse. If you want to join my server and check all the other betting rewards and betting giveaways pm me.

 

[video]

He's not claiming the bettors have an edge he just says that they offer games with better than a 50% chance of winning, which is true. Nothing about this is false advertising or fraud