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.”
Bunch uh drunks...
I would love to see their press release wednesday.
“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?
Not as many as Obama. But he did say he was, “severely conservative.”
Get four Irishmen together and a fifth shows up. Fifth of booze that is.
http://en.wikipedia.org/wiki/Black_swan_theory
(Also relevant to Intrade and other prediction markets)
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!)
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.
Gaffes is it now? Ah, would you after telling us just what those ‘’gaffes’’ were your Lordship?
Here’s hoping Romney wins and the shanty mick socialist pri5k gives away millions.
I am ashamed to be Irish tonight. Anybody got some poteen?
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!
Paying out before the race is run is a good way to go broke.
I'm going to jump off a cliff...
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.
Looks like they’re 10/3 on Romney.
Don’t worry, Romney will win. Spend your time worrying about what Romney will do.
Evidently, Mr. Powers' spokesman reads the Guardian.
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