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Bookmaker pays out early on Obama Victory

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  • Bookmaker pays out early on Obama Victory

    Irish bookmaker pays out early on Obama victory

    1 hour, 53 minutes ago

    Ireland's biggest bookmaker Paddy Power said Thursday it would pay out early more than 1 million euros (782,776 pounds) on bets that Barack Obama will be the next U.S. president, three weeks ahead of the election.
    The Dublin-based bookmaker said it made the "unprecedented decision" to pay on bets taken so far, following Wednesday's final campaign debate between Obama and his Republican rival John McCain, which polls judged the Democrat to have won.


    "We declare this race well and truly over and congratulate all those who backed Obama," Power said.
    "Although he seemed a little out of sorts in last night's final debate we believe he has done more than enough to get him across the line on November 4."


    The bookmaker said the overall betting trend had shown "one- way traffic" for the Illinois senator since the start of the summer, with odds shortening to 1-9, meaning a bet of 9 euros is required to make 1 euro profit.
    Power said it had taken more than 10,000 bets on the 2008 U.S. presidential election, the majority in support of Obama.


    In June a wager of 100,000 euros was placed on Obama to win at odds of 1-2, yielding a payout of 150,000 euros, it added...
    (Reporting by Kevin Smith; editing by Andrew Roche)
    Winning means you're willing to go longer, work harder, and give more than anyone else - Vince Lombardi

  • #2
    Them Europeans bet on every darn thing. Their regulations on betting appear more lax compared to 'merica.

    Been to several games (an other events) in the UK and find it incredible that one can bet on things like: which player will score the 1st goal; how soon will the first goal be scored; who will score or have an assist in the second half; that you want to bet that Madonna will marry Boy George in 5 years... and you want to place a bet on that. There's a bookie within arms-length who will gladly you the odds...;

    So i am not surprised on the Obama bet! Everything can be made into a bet in that part of the world it seems.

    A bookie will be right there at his concession stand, (or walking around) to sell you any bet...just like the regular folks who sell their beloved pie and bovril.
    Last edited by HL; October 16, 2008, 04:42 PM.
    The only time TRUTH will hurt you...is if you ignore it long enough

    HL

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