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An Australian betting business has actually paid out for the incorrect lead to the nation's elections.
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Sportsbet distributed more than A$ 1m (₤ 540,000) to those who believed that the opposition Labor Party would win, two days before Saturday's vote.
Polls had widely forecasted a Labor win for the first time in 6 years.
But with most of the votes counted, Prime Minister Scott Morrison, a conservative, is predicted to win a shock majority.
The wagering business told its followers that it has actually now also paid money to those who forecasted that Scott Morrison's Liberal-National would win.
As the results came in, Sportsbet required to social media to share the oversight.
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Sportsbet spokesman Richard Hummerston told the yohaig code Sydney Morning Herald newspaper: "Seventy percent of the cash staked before the early payout had come for Labor, our punters called the election early.
" We believed we 'd just give them their money early."
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Bookmakers often pay out early if they are certain of the result. In some cases where they are sure of the result, they pay out to avoid more individuals putting on bets.
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It's not the very first time a bookie has actually paid out early.
Paddy Power, an Irish bookie, paid on a Hillary Clinton win the month before the November 2016 elections.
It said it paid $1m (₤ 786,290) early to those who bank on Clinton and $4.5 m to those who bet on Donald Trump.
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Australian Betting Company Pays out For Wrong Result
yasmin26386398 edited this page 2025-10-27 06:48:21 +00:00