Paddy Power has taken the bold step of becoming the first bookmaker to payout on Hillary Clinton winning the 2016 US Election.
Closing its ‘US Election’ market, Paddy Power announced that it had cashed out £800,000 in winning bets placed on the Democrat candidate.
The bookmaker makes its gutsy call despite Donald Trump being currently priced at 5/1 to win the White House. Prior to the market payout , the former First Lady’s odds fell to a low 2/11 (85.7% chance of winning) and over the past week Paddy Power have seen a flood of money on Clinton.
Paddy Power, PR & Communications spokesperson for Patrick ‘Paddy’ Power commented on the early payout
“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!”
“Recent betting trends have shown one-way traffic for Hillary and punters seemed to have called it 100% correct. Despite Trump’s Make America Great Again message appealing to many disillusioned voters, it looks as though America are going to put a woman in the White House.”
The Irish bookmaker may regret its decision of paying out on Clinton with 20 days to go till US polling day.
Although all reputable polls show Clinton gaining a significant lead over the brash Republican, Trump is still mathematically within reach Clinton in all key swing states.
Should Trump upset the odds and become 45th President it will trigger the biggest political payout in bookmaking history and leavePaddy Power with some very expensive pie on its face.
Source: SBC News