Australian wagering business pays for wrong outcome
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An Australian betting business has actually paid for the incorrect lead to the country's elections.
Sportsbet handed out more than A$ 1m (₤ 540,000) to those who thought that the opposition Labor Party would win, 2 days before Saturday's vote.
Polls had actually extensively forecasted a Labor win for the very first time in six years.
But with the majority of the votes counted, Prime Minister Scott Morrison, a conservative, is predicted to win a shock bulk.
The betting business informed its followers that it has now likewise paid money to those who forecasted that Scott Morrison's Liberal-National would win.
As the results was available in, Sportsbet required to social media to share the blunder.
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Sportsbet spokesman Richard Hummerston informed the Sydney Morning Herald newspaper: "Seventy percent of the money staked before the early payout had come for Labor, our punters called the election early.
" We thought we 'd just bet9ja's welcome offer them their money early."
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Bookmakers often pay out early if they are specific of the outcome. In some cases where they are sure of the outcome, they pay out to avoid more people putting on bets.
It's not the very first time a bookie has actually paid early.
Paddy Power, an Irish bookmaker, paid out on a Hillary Clinton win the month before the November 2016 elections.
It stated it paid $1m (₤ 786,290) early to those who wager on Clinton and $4.5 m to those who bank on Donald Trump.
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