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Friday, November 18, 2016

Paddy Power owes Trump betters $5 million, paid out early on Clinton win

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.”

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5 comments:

Anonymous said...

The Irish Times is eating crow, too. The paper put Hillary on a pedestal for two years, doing all of the same stuff as the U.S. MSM to Trump.

Anonymous said...

It makes me wonder how much $$ Soros gave the newspaper to continually endorse Hillary.

Anonymous said...

That's gotta hurt, in more ways than one.

Steve said...

Being a dumbass is usually very expensive,

Anonymous said...

At least owned up to their mistake- no sugar coating it