Australian betting company pays out for incorrect result
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An Australian betting company has actually paid for the wrong lead to the nation's elections.
Sportsbet gave out more than A$ 1m (₤ 540,000) to those who thought that the opposition Labor Party would win, two days before Saturday's vote.
Polls had actually commonly forecasted a Labor win for the very first time in six 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 fans that it has actually now likewise paid out cash to those who predicted that Scott Morrison's Liberal-National would win.
As the results came in, Sportsbet took to social media to share the blunder.
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Sportsbet representative Richard Hummerston told the Sydney Morning Herald newspaper: "Seventy per cent of the cash staked before the early payment had come for Labor, our punters called the election early.
" We believed we 'd simply give them their cash early."
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Bookmakers often pay out early if they are specific of the outcome. 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 early.
Paddy Power, an Irish bookie, paid on a Hillary Clinton win the yohaig code 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 bank on Donald Trump.
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