Australian betting company pays out for wrong outcome
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An Australian betting business has actually paid for the wrong lead to the country's elections.
Sportsbet gave out 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 actually widely predicted a Labor win for the first time in 6 years.
But with the majority of the votes counted, Prime Minister Scott Morrison, a conservative, is forecasted to win a shock bulk.
The betting business informed its followers that it has now likewise paid out money to those who anticipated that Scott Morrison's Liberal-National would win.
As the outcomes can be found in, Sportsbet took to social networks to share the blunder.
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Sportsbet spokesperson Richard Hummerston told the Sydney Morning Herald paper: "Seventy percent of the money staked before the early payout had come for Labor, our punters called the election early.
" We thought we 'd simply provide their money early."
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Bookmakers typically pay early if they are specific of the result. Sometimes where they are sure of the result, they pay out to prevent more individuals putting on bets.
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 wager on Donald Trump.
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