Irish bookmaker Paddy Power is regretting its decision to pay out early to customers who had bet on a Hillary Clinton win in the U.S. presidential election.
Donald Trump’s shocking victory has cost the bookmaker nearly $5 million.
CNBC reports that in October, Paddy Power paid out £800,000 ($992,528) in bets place on Clinton after a series of negative news stories threatened to derail Donald Trump's campaign.
As Trump’s poll numbers continued to collapse, the bookmaker referred to Clinton as a “nailed-on certainty to occupy the Oval Office.”
“Should Trump upset the odds and become 45th President,” Paddy Power announced at the time, “it will trigger the biggest political payout in bookmaking history and leave Paddy Power with some very expensive pie on its face.”