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Australian betting company pays out for incorrect result
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An Australian betting company has actually paid out for the incorrect outcome in the nation's elections.
gave 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 commonly forecasted a Labor win for the first time in 6 years.
But with many of the votes counted, Prime Minister Scott Morrison, a conservative, is forecasted to win a shock majority.
The betting company informed its followers that it has now also paid cash to those who anticipated that Scott Morrison's Liberal-National would win.
As the results was available in, Sportsbet required to social networks to share the mistake.
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Sportsbet spokesman Richard Hummerston informed the Sydney Morning Herald paper: "Seventy percent of the cash 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 particular of the result. In many cases where they ensure the result, they pay to avoid more people placing on bets.
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It's not the first time a bookie has actually paid out early.
Paddy Power, an Irish bookie, 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 bank on Clinton and $4.5 m to those who bank on Donald Trump.
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Australian Betting Company Pays For Wrong Result
logany08671501 edited this page 2025-10-24 12:21:15 +00:00