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Irish Betting Site Paying Out on Obama
Herald Sun ^ | November 05, 2012

Posted on 11/04/2012 9:32:56 PM PST by nickcarraway

Europe's largest betting company, renowned for settling its bets early, is paying out to punters who backed Barack Obama to win Tuesday’s US Presidential election.

Irish bookmaker Paddy Power said that despite the polls showing voters remain largely undecided, they believe it’s a done deal and that Obama is a “nailed on certainty to win a second term”.

President Obama and Republican rival Mitt Romney are blitzing the remaining toss-up states, with both sides predicting victory just two days before election day.

However Paddy Power has been caught out before with similar early calls.

In 2009 Tiger Wood’s failure to win a PGA Championship left the bookmaker about $2 million out of pocket. It paid off anyone who bet on Woods to win the title when he led by four shots through 36 holes at odds of 1-to-5.

When Tiger lost Paddy Power said in a statement: "It takes a special kind of dimwit to turn what should have been our best ever golf result into our worst,”

Obama’s odds fell to a low 2/9 and over the past months Paddy Power have seen 75 per cent of money staked go Obama’s way.

“Romney gave it a good shot and is doing well in the popular vote, but we suspect he’s had his moment in the sun and is likely to be remembered more for his legendary gaffes than Presidential potential,” a Paddy Power spokesperson said in a statement.

The overall betting trend has shown one way traffic for Obama and punters seemed to have called it 100 per cent correct. Despite Romney appealing to the large evangelical and senior vote, America‘s sticking with black and cool.”


TOPICS: Extended News; News/Current Events; Politics/Elections; United Kingdom
KEYWORDS: eejits; gambling; ireland; obama
Someone's going to get fired. Is a publicity stunt like this really worth it? Can they get that money back when Romney wins?
1 posted on 11/04/2012 9:33:05 PM PST by nickcarraway
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To: nickcarraway

Bunch uh drunks...


2 posted on 11/04/2012 9:34:17 PM PST by Vendome (Don't take life so seriously, you won't live through it anyway)
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To: nickcarraway

I would love to see their press release wednesday.


3 posted on 11/04/2012 9:36:07 PM PST by barmag25
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To: nickcarraway

“Romney gave it a good shot and is doing well in the popular vote, but we suspect he’s had his moment in the sun and is likely to be remembered more for his legendary gaffes than Presidential potential,” a Paddy Power spokesperson said in a statement.”

What are some of Mr. Romneys legendary gaffes anyone know?


4 posted on 11/04/2012 9:42:50 PM PST by funfan
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To: funfan

Not as many as Obama. But he did say he was, “severely conservative.”


5 posted on 11/04/2012 9:44:51 PM PST by nickcarraway
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To: Vendome

Get four Irishmen together and a fifth shows up. Fifth of booze that is.


6 posted on 11/04/2012 9:45:03 PM PST by jmacusa (Political correctness is cultural Marxism. I'm not a Marxist.)
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To: nickcarraway

http://en.wikipedia.org/wiki/Black_swan_theory

(Also relevant to Intrade and other prediction markets)


7 posted on 11/04/2012 9:45:46 PM PST by Utmost Certainty (Our Enemy, the State)
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To: barmag25

Yeah, like I’m gonna listen to what a guy named Patty says, lol.

(Disclaimer: Just kidding. I’m half Irish and proud of it!)


8 posted on 11/04/2012 9:46:41 PM PST by Prince of Space (Be Breitbart, baby!)
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To: nickcarraway
In 2009 Tiger Wood’s failure to win a PGA Championship left the bookmaker about $2 million out of pocket.

Ha ha!


9 posted on 11/04/2012 9:47:08 PM PST by Jane Long (Soli Deo Gloria!)
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To: nickcarraway

The lying MSM and some fool at this Irish betting parlor is gonna cost them serious coin!

What’s Irish and sits out in the rain?

Paddy O’Furniture

lol..an oldie but a goodie.


10 posted on 11/04/2012 9:48:07 PM PST by Bobalu (It is not obama we are fighting, it is the media.)
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To: nickcarraway

Gaffes is it now? Ah, would you after telling us just what those ‘’gaffes’’ were your Lordship?


11 posted on 11/04/2012 9:48:23 PM PST by jmacusa (Political correctness is cultural Marxism. I'm not a Marxist.)
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To: nickcarraway

Here’s hoping Romney wins and the shanty mick socialist pri5k gives away millions.


12 posted on 11/04/2012 9:50:12 PM PST by jwalsh07
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To: Vendome

I am ashamed to be Irish tonight. Anybody got some poteen?


13 posted on 11/04/2012 9:52:08 PM PST by outofstyle (Down All the Days)
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Well........I’m Irish......(Irish American)......have been to Ireland twice........lived one year with an Irish family........and the main vote for me has ALWAYS been NOBAMA. Nobama shouldn’t have won before....and he won’t win again. Erin Go Braugh!


14 posted on 11/04/2012 9:53:41 PM PST by NoRedTape
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To: nickcarraway

Paying out before the race is run is a good way to go broke.


15 posted on 11/04/2012 9:56:20 PM PST by Argus
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To: jwalsh07
I'm going to have to stop listening to radio and checking the internet......all this negative stuff....has bamey sealed the deal because everyone knows the elections if fixed?...

I'm going to jump off a cliff...

16 posted on 11/04/2012 9:59:38 PM PST by cherry
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To: jmacusa

Get four Irishmen together and a fifth shows up. Fifth of booze that is.
= = = = = = = = = = = = = = = = = = = = = = = = = == = = =
Going to have to pull the ‘ethnic’ card.

I am of Irish descent and resemble that remark.


17 posted on 11/04/2012 10:02:25 PM PST by xrmusn (6/98 BO/ 'Hope', "Hope in one hand and $hiite in the other and see which fills up first".)
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To: nickcarraway

Looks like they’re 10/3 on Romney.


18 posted on 11/04/2012 10:02:45 PM PST by mountn man (Happiness is not a destination, its a way of life.)
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To: cherry

Don’t worry, Romney will win. Spend your time worrying about what Romney will do.


19 posted on 11/04/2012 10:03:30 PM PST by nickcarraway
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To: funfan
What are some of Mr. Romneys legendary gaffes anyone know?

Evidently, Mr. Powers' spokesman reads the Guardian.

20 posted on 11/04/2012 10:05:59 PM PST by okie01 (THE MAINSTREAM MEDIA; Ignorance on parade.)
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To: nickcarraway

The Vegas line is on Romney to win. We shall see Patty O’Payout. ;)


21 posted on 11/04/2012 10:08:26 PM PST by JouleZ (You are the company you keep.)
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To: JouleZ

Seriously? Where is that?


22 posted on 11/04/2012 10:09:54 PM PST by nickcarraway
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To: funfan

David Cameron won enough to finance his next election. He’s going to be suicidal when Romney wins.


23 posted on 11/04/2012 10:11:10 PM PST by nickcarraway
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I swear I thought that was satire. What possible reason is there to pay out EARLY when you don’t have to....and when polls show it dead even. I don’t expect Irish dude to get the oversampling of Dems, but its basically tied even in most polls.


24 posted on 11/04/2012 10:12:16 PM PST by Crimson Elephant
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To: funfan

The media in cahoots with the Obama team concocted some gaffes out of Romney’s foreign trip this summer. When he expressed concern that the London Olympics people might possibly not have done enough to make a terrorist attack impossible, that was spun as a huge insult to Great Britain, and when he said something like the Palestinians would be better off now if they had followed the example set by the Israelis, that was also labeled a gaffe. The Obama team had an ad recently using those “gaffes” as proof that Romney is unqualified to lead the country.


25 posted on 11/04/2012 10:27:24 PM PST by Verginius Rufus
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To: nickcarraway

I will believe he paid, when someone actually gets paid early.. I wouldn’t put any faith in this stunt, why would they pay early except to frighten the weaklings.. NO WAY!


26 posted on 11/04/2012 10:32:15 PM PST by carlo3b (Less Government, more Fiber..)
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To: nickcarraway
I thought this was going to about intrade.com.

There is candy there to be taken from babies!

27 posted on 11/04/2012 10:38:40 PM PST by cynwoody
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To: nickcarraway

It’s the only way anyone is going to collect on that bet. President Romney is getting a kick out of this nonsense.


28 posted on 11/04/2012 10:45:38 PM PST by pallis
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To: carlo3b

They want to make their customers think they are stupid.


29 posted on 11/04/2012 10:48:35 PM PST by nickcarraway
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To: nickcarraway

Well, I’m not a customer and I believe it.. Good plan.. LOL


30 posted on 11/04/2012 10:54:53 PM PST by carlo3b (Less Government, more Fiber..)
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To: nickcarraway

Mr Power does not understand the American mindset. This will act to his disadvantage.


31 posted on 11/04/2012 11:21:54 PM PST by Slings and Arrows (You can't have IngSoc without an Emmanuel Goldstein.)
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To: nickcarraway

Lemme get this straight - I lay a twenny down on 0bama and another twenny down on Romney, and Saturday I collect on 0bama and Wednesday I collect on Romney? And these guys do this for a living?


32 posted on 11/04/2012 11:29:32 PM PST by Billthedrill
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To: nickcarraway

This tells me the world is full of suckers who will bet on a loser like Obama. We should not feel bad winning their money.


33 posted on 11/04/2012 11:38:09 PM PST by UnwashedPeasant
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To: xrmusn
Boyo, so am I. Both sides of me family all from the Emerald Isle sure 'n' begorrah. :-)
34 posted on 11/04/2012 11:42:21 PM PST by jmacusa (Political correctness is cultural Marxism. I'm not a Marxist.)
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To: nickcarraway

Either the liberals and the Europeans and the heavily weighted Democrat polls are living in a dream world or we are. One way or the other, there will be some serious crashing to reality come tomorrow.


35 posted on 11/05/2012 12:04:35 AM PST by Unam Sanctam
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To: cherry
I'm going to have to stop listening to radio and checking the internet......all this negative stuff....has bamey sealed the deal because everyone knows the elections if fixed?... I'm going to jump off a cliff...

Well I have to agree with you about the FIXED part, it is discouraging & depressing to read how our servicemen are once again getting shafted in their votes, plus the fraud that is going on, is deplorable, but we still need to keep up hope. Not much else we can do, we can't seem to stop the fraud.

36 posted on 11/05/2012 12:05:22 AM PST by blondee123 (Our country is headed for DICTATORSHIP! WAKE UP!)
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To: nickcarraway

The Hillary of Massachusetts sealed his own way out when he spewed the “bi-partisan” speak. Compromised himself right out of the race. Dred to think all the compromised “bipartisan” action he’d go along with like he did with Hillary-Care in Massachusetts.

Demonstrates non-character compromising his office of checks-and-balances, or just plain deception.

It’s time for a new party.


37 posted on 11/05/2012 12:42:26 AM PST by Varsity Flight (Extortion-Care is the Government Work-Camp: Arbeitsziehungslager)
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To: All

so let me see if i understand correcty. this sports palor apparently has the resources to have a professional polling company poll the entire us and then, hoping this polling company has used the correct model, then has to take word of the polling company to project the outcome (unless paddys has their own world class poll readers).

whew, really?

else the fix is in and apparently the word goes round the word so that bookies know but we sit in the dark.

better chance obamas birth certificate was forged by the witness protection progams documentation dept.


38 posted on 11/05/2012 12:46:29 AM PST by willywill
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To: nickcarraway

Do they take bets online? :)


39 posted on 11/05/2012 3:27:52 AM PST by lowbridge (Joe Biden: "Look, the Taliban per se is not our enemy.")
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To: Bobalu

In this case, “What’s Irish and gets soaked in the reign?”


40 posted on 11/05/2012 5:12:46 AM PST by Erasmus (Zwischen des Teufels und des tiefen, blauen Meers)
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To: nickcarraway
Trying to come up with a rational reason for why he'd pay out early. It says he is legendary for early payouts, I suppose he has a business model where he pays off early as a means to attract business and accepts that occasionally he'll take a loss, considering it a sort of advertising cost. If I had to place a bet and I could choose a bookie that might just pay me even if I lose, I would. He'd get all my business.

Perhaps he's doing this election stung knowing that it's an even bet (based on the polls) and that it will surely generate lots of press. Or he's drunk. Could go either way.

41 posted on 11/05/2012 5:44:59 AM PST by pepsi_junkie (Who is John Galt?)
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To: nickcarraway

I saw the info re Vegas on my Twitter feed and they gave a name but I can’t recall. Should pop up in a Google search though. Good luck.


42 posted on 11/05/2012 8:46:03 AM PST by JouleZ (You are the company you keep.)
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To: JouleZ

Sounds like enormous potential for arbitage.


43 posted on 11/05/2012 3:30:41 PM PST by nickcarraway
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