StakeHaul & the Modernization of Casino Payments

The American Gaming Association (AGA) is the premier national trade group representing the $261 billion U.S. casino industry. The AGA released new Payments Modernization Policy Principles that provide a framework for regulatory flexibility allowing digital payments on the casino floor. Could StakeHaul be part of a new era of gambling across the country?

The principles are as follows:

  1. Equip customers with more tools to wager responsibly.
  2. Give customers payment choice and convenience.
  3. Ensure state laws enable a flexible regulatory approach, capable of keeping pace with evolving forms of digital payments.
  4. Address heightened customer public health concerns.
  5. Provide customers confidence in digital payment security.
  6. Create a uniform regulatory environment for casino operators, suppliers, and regulators.
  7. Empower law enforcement to better identify offenders through digital payment analysis.

According to their press release:

Recent AGA research found that 59 percent of past-year casino visitors are less likely to use cash in their everyday lives because of the COVID-19 pandemic. This translates to customer preferences on the casino floor, as more than half (54%) indicate that they would be very likely to utilize a digital or contactless payment option when they gamble.

We have a few thoughts on these principles. The third and sixth principles are similar in nature, so we’ll start there.

In our experience, the regulatory environment has already been a sore spot for anyone offering betting on mobile. The inconsistency of state gambling laws is costly to new startups trying to find a place in the market. They range from legal research, licensing costs for legal wagering, and, worst case, costs for legal defense. 

For example, poker remains technically illegal, both online and live. However, poker room operators have found loopholes and opened private poker clubs throughout Texas. 

We believe creating a legal and consistent legal framework that gives users payment choice and flexibility is of paramount importance. There should also be flexible measures taken to fight the potential of money laundering.

As far as the fifth principle, could the future in digital payment security involve blockchain technology? With the advancement of smart contracts and KYC technology, absolutely.

Imagine a future where all you need is your phone and a digital wallet. You’re able to scan your digital wallet in a casino to quickly fund your account. Blockchain technology has the capability to scale these transactions at minimal cost. Also, with all transactions on an open ledger, it will take minimal time to trace where transactions came from.

In conclusion, we fully support these principles. We encourage local and state governments, as well as providers, to work together to create the best user experiences. We aim to keep these principles in mind when building the next version of our award winning platform.

StakeHaul Is Entering Into A New Era

It’s been awhile since we last updated everyone on the progress of StakeHaul. You may be wondering, is StakeHaul still a thing?

The short answer is a resounding yes! In fact, the team has renewed energy coming into the second half of 2020. We can’t wait to share more as it happens.

StakeHaul Betting will continue to be the best cash free way to collect monetary and non-monetary wagers on a mobile platform that guarantees safety and security.

However, we are making numerous changes to how StakeHaul operates. For one, we are looking to move to the blockchain for added security in transactions. Thus, we have temporarily taken the platform offline. We think that once the new platform goes back online, the wait will be worth it. Our users will have a new and improved appreciation for the services we provide.

Finally, we are constantly adding new team members and brand advocates. These individuals are industry leaders and will be huge assets for StakeHaul going forward. More announcements will be made in the future.

Thank you for trusting StakeHaul for all your social betting needs. Stay safe out there, and we’ll talk to you soon.

2019 Premier League Clean Sheet Review – Round 7

PL teams reverted to the expected clean sheet average after Round 7. Also, teams continue to give up 2+ goals at their expected rate.

Round 7 featured five teams with a clean sheet against a 5.78 expected number. For the season, there have been a little over 41 expected CS, but only 34 CS kept.

Below are the bookie predictions for each individual match for Round 7. To see last week’s review, click here. The green bars stand for CS potential, while the red bars stand for the potential to give up 2+ goals:

After the seventh week of PL action, here’s how the scores look:

Clean Sheet Comparison

After seven weeks of Premier League action, here’s a comparison of teams, the number of clean sheets achieved, and their expected clean sheets according to bookie odds:

So how accurate were the bookie predictions after Round 7?

Potential To Give Up 2+ Goals

We started tracking potential to give up 2+ goals starting in Round 2. For FPL purposes, giving up a second goal reduces FPL points for defenders and goalies by one. Over the course of a full season, those points add up.

Here’s how the weekly expected number of instances where a team gives up 2+ goals compare with the actual number:

From Rounds 2-7, there have been 53 instances of a team giving up 2+ goals. This is in line with the 53.13 expected number of instances according to bookies.

There have been 45 instances in which a team had a 50% or above chance to give up 2+ goals; 28 actually happened. Conversely, in the 75 instances in which a team had less than a 50% chance to give up 2+ goals, 26 ended up coming to fruition.

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2019 Premier League Clean Sheet Review – Round 6

Finally, teams achieved a clean sheet at a higher rate than bookie expectations. Also, teams continue to give up 2+ goals at their expected rate.

In fact, Round 6 marked the first round in over a month in which Premier League teams achieved a clean sheet than expected (6 vs 5.5, respectively). For the season, there have been a little over 35 expected CS, but only 29 CS kept.

Below are the bookie predictions for each individual match for Round 5. To see last week’s review, click here. The green bars stand for CS potential, while the red bars stand for the potential to give up 2+ goals:

Watford LOL

After the sixth week of PL action, here’s how the scores look:

Clean Sheet Comparison

After six weeks of Premier League action, here’s a comparison of teams, the number of clean sheets achieved, and their expected clean sheets according to bookie odds:

West Ham has achieved three clean sheets in the last three weeks.

So how accurate were the bookie predictions after Round 6?

Potential To Give Up 2+ Goals

We started tracking potential to give up 2+ goals starting in Round 2. For FPL purposes, giving up a second goal reduces FPL points for defenders and goalies by one. Over the course of a full season, those points add up.

Here’s how the weekly expected number of instances where a team gives up 2+ goals compare with the actual number:

From Rounds 2-6, there have been 43 instances of a team giving up 2+ goals. This is in line with the 45 expected number of instances according to bookies.

There have been 35 instances in which a team had a 50% or above chance to give up 2+ goals; 20 actually happened. In the 65 instances in which a team had less than a 50% chance to give up 2+ goals, 23 ended up coming to fruition.

Want to keep the conversation going, or simply talk crap to us? Follow us on Facebook, Twitter, and Instagram.

2019 Premier League Clean Sheet Review – Round 5

Getting a clean sheet has proven tough after five rounds of Premier League action. On the flip side, teams are giving up 2+ goals at their expected rate.

In short, Round 5 marked the fourth week in a row where the clean sheet total fell short of bookie expectations. For the season, there have been right around 30 expected CS, but only 23 CS kept.

Below are the bookie predictions for each individual match for Round 5. To see last week’s review, click here. The green bars stand for CS potential, while the red bars stand for the potential to give up 2+ goals:

After the fifth week of PL action, here’s how the scores look:

Chelsea is now the only Top 6 team without a clean sheet.
Clean Sheet Comparison

After five weeks of Premier League action, here’s a comparison of teams, the number of clean sheets achieved, and their expected clean sheets according to bookie odds:

So how accurate were the bookie predictions after Round 5?

Potential To Give Up 2+ Goals

We started tracking potential to give up 2+ goals starting in Round 2. For FPL purposes, giving up a second goal reduces FPL points for defenders and goalies by one. Over the course of a full season, those points add up.

Here’s how the weekly expected number of instances where a team gives up 2+ goals compare with the actual number:

Over the last four rounds, there have been 34 instances of a team giving up 2+ goals. This is in line with the expected number of instances, currently just under 36.

There have been 28 instances in which a team had a 50% or above chance to give up 2+ goals; 16 actually happened. In the 52 instances in which a team had less than a 50% chance to give up 2+ goals, 18 ended up coming to fruition.

Want to keep the conversation going, or simply talk crap to us? Follow us on Facebook, Twitter, and Instagram.