Australian Betting Company Pays For Wrong Result

Australian betting business pays out for incorrect outcome

close panel

Copy link

About sharing

An Australian betting business has paid out for the wrong lead to the nation's elections.

Sportsbet handed out more than A$ 1m (₤ 540,000) to those who believed that the opposition Labor Party would win, 2 days before Saturday's vote.

Polls had actually widely forecasted a Labor win for the first time in 6 years.

But with the majority of the votes counted, Prime Minister Scott Morrison, a conservative, is forecasted to win a shock bulk.

The wagering business told its followers that it has actually now also paid out cash to those who forecasted that Scott Morrison's Liberal-National would win.

Register at Bet9ja using the promotion code YOHAIG for a N100,000 welcome bonus

As the results came in, Sportsbet required to social networks to share the blunder.

Skip X post by Sportsbet.com.au

End of X post by Sportsbet.com.au

Sportsbet representative Richard Hummerston informed the Sydney Morning Herald paper: "Seventy percent of the money staked before the early payout had actually come for Labor, our punters called the election early.

" We believed we 'd simply bet9ja's welcome offer them their money early."

This X post can not be shown in your internet browser. Please make it possible for Javascript or try a different browser.View original material on X
The BBC is not responsible for the content of external websites.

Skip X post 2 by Sportsbet.com.au

Allow X content?

this promotion code article includes material provided by X. We request for your permission before anything is filled, as they might be utilizing cookies and other innovations. You might desire to read X's cookie policy, external and personal privacy policy, external before accepting. To see this material choose 'accept and continue'.

Accept and continue

The BBC is not accountable for the yohaig code material of external sites.

End of X post 2 by Sportsbet.com.au

Bookmakers typically pay out early if they are certain of the outcome. In many cases where they are sure of the outcome, they pay to avoid more people placing on bets.

It's not the very first time a bookie has paid out early.

Paddy Power, an Irish bookmaker, paid out on a Hillary Clinton win the month before the November 2016 elections.

It stated it paid out $1m (₤ 786,290) early to those who bet on Clinton and $4.5 m to those who bank on Donald Trump.