Australian betting pays for incorrect result
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An Australian wagering company has paid for the wrong lead to the country's elections.
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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 widely anticipated a Labor win for the very first time in 6 years.
But with the majority of the votes counted, Prime Minister Scott Morrison, a conservative, is projected to win a shock majority.
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The wagering company informed its followers that it has now also paid out money to those who anticipated that Scott Morrison's Liberal-National would win.
As the results can be found in, Sportsbet required to social networks to share the oversight.
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Sportsbet representative Richard Hummerston told the yohaig code Sydney Morning Herald paper: "Seventy per cent of the cash staked before the early payout had actually come for Labor, our punters called the election early.
" We thought we 'd merely bet9ja's welcome offer them their money early."
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Bookmakers typically pay out early if they are particular of the result. In many cases where they are sure of the outcome, they pay out to prevent more people placing on bets.
It's not the first time a bookmaker 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 out $1m (₤ 786,290) early to those who bet on Clinton and $4.5 m to those who wager on Donald Trump.
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Australian Betting Company Pays For Wrong Result
tabathakulikow edited this page 2025-10-18 06:29:51 +08:00