(Nov 4, 2012) Irish Betting Site Calls Race Early — Pays Out Obama Victory Bets Two Days Early
Here's the press release:
PADDY POWER PAYS OUT ON OBAMA VICTORY
Dublin, November 4th 2012: With still more than two days to go before America votes, Paddy Power, Europe's largest betting company, is paying out to punters who backed President Obama to win the US election.
Despite the national polls showing voters remain largely undecided with nothing more than a sheet of ballot paper between the two candidates, Paddy Power believes it's a done deal and that Obama is a nailed on certainty to win a second term.
The gutsy call sees the bookmaker put their neck on the line for over $650,000. Prior to paying out, Obama's odds fell to a low 2/9 and over the past months Paddy Power have seen 75% of money staked go Obama’s way.
A Paddy Power spokesperson said: "omney gave it a good shot and is doing well in the popular vote, but we suspect he’s had his moment in the sun and is likely to be remembered more for his legendary gaffes than Presidential potential.