Irish bookmaker pays out early on Clinton win
IRISH bookmaker Paddy Power has paid out early to customers who backed Hillary Clinton to win the US election, saying it’s a “done deal”.
With less that three weeks to the vote, the firm paid out £800,000 (US$984,000) to those who put their money behind the Democrat, after the odds of a win for Republican rival Donald Trump plunged.
The bookies said they had seen a flood of money on Ms Clinton following Mr Trump’s lewd comments about women and accusations against him of sexual assault.
“Mr Trump gave it a hell of a shot going from a rank outsider to the Republican candidate but the recent flood of revelations have halted his momentum and his chances now look as patchy as his tan,” said a spokesperson for Paddy Power.
Before the payout, the bookmaker put the chances of a Mr Trump win at 9/2 – a far cry from his initial 100/1 odds last year, but comfortably below the 13/8 odds of May.
But if Mr Trump overturns the odds and becomes president it will trigger the biggest political payout in bookmaking history, Paddy Power said. –