I got an opinion on this but it isn't gonna yield a solution.
Mich is actually right, Crude did NOT define the terms of the bet correctly. The spirit of the bet and what it was should be is absolutely obvious to anyone, but he just didn't. You know who defined the terms of the bet correctly? Me when I offered people the same bet on page 3 and said at 11:50pm on Nov 2nd. I.e the night before the election.
However, obviously if Trump were to get over +105 at 5-1, why would Woodstool do that? he could just bet Biden to win outright laying less than 2-1. That makes absolutely no sense.
So Crude didn't cross his t's and dot his i's to make sure Mich understood the wager. However, I have no clue what Mich was thinking that he would get 5-1 at any time intra-day (who would do that? That's absurd)
I think Mich should pay but if he didn't want to I can't fault him for it. If you're gonna bet people on an anonymous forum about stuff like this, you gotta do a better job defining the parameters even if common sense clearly dictates what the bet should've been.
(I believe this is correct but I didn't read every single post so could be wrong)