Irish betting firm calls the election for Hillary and pays out $1 million on bets

UK Daily Mail ^ | October 18, 2016 | Darren Boyle

[C19fan]

Irish bookmaker Paddy Power has paid out its customers who backed Hillary Clinton to win next month's presidential election.

With less than three weeks to go until polling day, the firm declared that Donald Trump's White House bid had imploded and had very little chance of moving into 1600 Pennsylvania Avenue in January.

The bookmaker claimed customers had been lumping on the former First Lady in the past week as Donald Trump's campaign became embroiled in a succession of scandals over his conduct.

[C19fan]

I hear these stories about Irish and British bookmakers paying out early. Why do they do that? Has there cases of the bookies getting it wrong? They take a bath paying out winners and losers?

[justlurking]

[M Kehoe]

Meadow muffins.

5.56mm

[Steely Tom]

Oh, sure. I believe this.

[Stingray51]

So if they are so certain that it is all over, what kind of odds is Paddy Power giving now? 1,000 to 1 against Trump? We would never need another Freepathon! (These clowns must be Kennedy family or O’Bama Irish.)

[ConservativeWarrior]

IF this is true (big if) the bookie will wind up paying out the Trump betters as well.

Good plan!

[babble-on]

They pay out early for the publicity, and No, they don’t get it wrong.

[VanDeKoik]

No bookie pays out for a result that hasn’t occurred.

Unless they are utterly retarded.

[irishjuggler]

I hear these stories about Irish and British bookmakers paying out early. Why do they do that? Has there cases of the bookies getting it wrong?

Yes. Apparently they haven't learned their lesson, though.

They pulled this stunt last year on the Greek austerity vote... and got it wrong.

"Paddy Power Left ‘Red Faced’ After Early Payout on Greek Vote"<
http://www.bloomberg.com/news/articles/2015-07-06/paddy-power-left-red-faced-after-early-payout-on-greek-vote

[Buckeye McFrog]

Paddy Power is famous for over-the-top public relations schemes. They sponsored Dennis Rodman’s trip to North Korea as well.

[Bloody Sam Roberts]

Meadow muffins.

horse hockey!
mule fritters!
monkey muffins!
buffalo bagels!
buffalo chips!
pigeon pellets!
pony pucks!
beaver biscuits!
cow cookies!
bull cookies!
pig feathers!
road apples!

[Ouderkirk]

I would think that you would pay them out now as the odds are in their favor for the value of the payout right now the odds are 2:11 for Hillary and 9:2 for Trump.

Pay them out and keep your shirt.

[KarlInOhio]

Is there any chance that some big financier backed him up in order to get another “Trump is doomed so just give up” story? Bookies don’t make money by taking big risks like this with their own money.

[Bobalu]

Sounds like he does not want to take any more bets for Hillary.

Must believe the dem over-sampled polls.

Who’s Irish and sits outside in the rain?

Paddy O’Furniture

[ConservativeMind]

ROTFL!

Bookies aren’t God. Yes, they can be “wrong.”

[lexington minuteman 1775]

Knick Nack Paddy Whack this bookmaker just threw out a bone...what a marroon...

[Pollster1]

No bookie pays out for a result that hasn’t occurred. Unless they are utterly retarded.

Or unless they were paid the cost of the payout plus a bonus for the publicity. It's part of the pretense that the election is over and conservatives might as well give up, $200k well spent by the standards of America's enemies.

[M Kehoe]

And male bovine excrement.

8^)

5.56mm

[Talisker]

They pay out early for the publicity, and No, they don’t get it wrong.

Yeah they do, actually. This is just another PR stunt for Hillary.

[jmaroneps37]

http://blog.paddypower.com/politics/2016/06/20/brexit-vote-update-paddy-power-stunned-as-uk-votes-to-leave-despite-huge-bets-for-remain/ they were waaaaaaaay off on Brexit vote
I wouldn’t be surprised if Soros was covering their losses
would you?