Irish bookie calls US Presidential race over, pays off on Obama
Irish bookie calls US Presidential race over, pays off on Obama
The race is over as far as Ireland’s biggest bookmaker is concerned.
Paddy Power PLC says it is so sure Barack Obama will win the U.S. presidential election next month that it paid off Thursday on all bets it had taken backing the Democratic candidate. It said it shelled out more than euro1 million, about $1.35 million.
“We declare this race well and truly over and congratulate all those who backed Obama — your winnings await you,” the company said in a statement.
Powers said the biggest winner among the Obama bettors was someone who gambled euro100,000 and got back a total of euro150,000.
The most visionary bettor, though, was the “punter” who put down euro50 on Obama in 2005. At the time, Obama was listed at 50-to-1, so the bettor got euro2,550.
Despite calling the contest, the Dublin-based bookmaker said it is still taking new bets on the race. A John McCain victory Nov. 4 on a bet placed Thursday would pay off euro5 for every euro1 bet. By contrast, each euro1 bet on Obama would net just 11 euro cents.
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16/10/2008 at 3:51 pm Permalink
Great post. I will read your posts frequently. Added you to the RSS reader.
16/10/2008 at 4:00 pm Permalink
I found your site on technorati and read a few of your other posts. Keep up the good work. I just added your RSS feed to my Google News Reader. Looking forward to reading more from you down the road!
17/10/2008 at 12:51 pm Permalink
Pimp Lines and Dollar Signs—AZ “Gimme”….classic