Online Gambling Firm Paddy Power Does It Again

Published Wednesday, October 19, 2016 -
Online Gambling Firm Paddy Power Does It Again

The only word to describe a recent move by an online gambling company to pay out bets on the USA presidential election before it is voted on is bold. A bold move not uncharacteristic of the Irish online gambling firm Paddy Power which is known for its over the top advertizing and approach to attracting the betting public. The well established company will pay out more than $1 million to those who wagered that victory by Democratic nominee Hillary Clinton over Republican candidate Donald Trump on Nov.8th 2016 is obviously eminent.

Anything can happen in an election and it becomes more exciting and more predictable as the days roll closer to the actual vote in the USA. Polls have determined a Democrat will be in the White House this time but whether that will actually does remain to be seen. Paddy Power confirmed its reasoning in a blog recently,“With national polls showing a healthy lead for the Democratic candidate and Donald Trump’s campaign running into scandal after scandal, Paddy Power believes it’s a done deal and that Hillary is a nailed-on certainty to occupy the Oval Office,” Paddy Power also said it would still offer betting on the Presidential election until the election.

This is an outstanding opportunity to make good on the losses the online betting operators suffered during the Brexit wagering. Betting odds were most for favouring a “remain” vote which was not the case.

Donald’s odds with Paddy Power are at 9 to 2, representing only an 18.2% chance of victory. Another operator U.K. bookmaker Ladbrokes offers Trump at narrower odds with 4 to 1, that’s a 25% chance of a win by the Republican. The paying out early does create a bit of publicity for the Paddy Power brand which did the same thing back in 2012 when Paddy Power paid out two days before President Obama was re-elected in the USA.




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