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Australian betting company pays out for wrong outcome
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An Australian wagering company has paid for the wrong lead to the nation's elections.
Sportsbet distributed more than A$ 1m (₤ 540,000) to those who believed that the opposition Labor Party would win, two days before Saturday's vote.
Polls had actually widely predicted a Labor win for the very first time in 6 years.
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But with the majority of the votes counted, Prime Minister Scott Morrison, a conservative, is to win a shock majority.
the yohaig code wagering company informed its followers that it has actually now also paid money to those who predicted that Scott Morrison's Liberal-National would win.
As the outcomes was available in, Sportsbet required to social networks to share the blunder.
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Sportsbet spokesman Richard Hummerston informed the Sydney Morning Herald paper: "Seventy per cent of the money staked before the early payout had actually come for Labor, our punters called the election early.
" We believed we 'd simply provide their money early."
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Bookmakers often pay early if they are certain of the outcome. Sometimes where they are sure of the result, they pay to avoid more individuals placing on bets.
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It's not the very first time a bookmaker has actually paid out early.
Paddy Power, an Irish bookmaker, paid on a Hillary Clinton win the month before the November 2016 elections.
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It stated it paid out $1m (₤ 786,290) early to those who bank on Clinton and $4.5 m to those who bet on Donald Trump.
More on this story
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Australian Betting Company Pays out For Wrong Result
gzgteri5484443 edited this page 2025-10-25 05:30:07 +08:00