Australian Betting Company Pays out For Wrong Result (#1) · Issues · Julian Trevizo / australian-betting-company-pays-out-for-wrong-result

Australian Betting Company Pays out For Wrong Result

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An Australian wagering company has paid for the wrong result in the country's elections.

Sportsbet distributed more than A$ 1m (₤ 540,000) to those who thought that the opposition Labor Party would win, 2 days before Saturday's vote.

Polls had actually extensively anticipated a Labor win for the very first time in 6 years.

But with most of the yohaig code votes counted, Prime Minister Scott Morrison, a conservative, is projected to win a shock bulk.

The betting company told its fans that it has actually now likewise paid money to those who anticipated that Scott Morrison's Liberal-National would win.

As the outcomes can be found in, Sportsbet took to social media to share the .

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Sportsbet spokesperson Richard Hummerston told the Sydney Morning Herald paper: "Seventy per cent of the money staked before the early payment had actually come for Labor, our punters called the election early.

" We believed we 'd simply provide them their money early."
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Bookmakers frequently pay out early if they are particular of the result. In some cases where they are sure of the result, they pay to avoid more individuals placing on bets.

It's not the very first time a bookmaker has paid early.

Paddy Power, an Irish bookmaker, paid on a Hillary Clinton win the month before the November 2016 elections.

It said it paid $1m (₤ 786,290) early to those who wager on Clinton and $4.5 m to those who wager on Donald Trump.

More on this promotion code story

Australian PM surrounds majority win

20 May 2019

How Australia's PM forged a 'miracle' win
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Published

19 May 2019
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 [Sportsbet distributed](https://worldaid.eu.org/discussion/profile.php?id=1051725) more than A$ 1m (₤ 540,000) to those who thought that the opposition Labor Party would win, 2 days before Saturday's vote. 
 Polls had actually extensively anticipated a [Labor win](https://git.k8sutv.it.ntnu.no/daniloreardon) for the very first time in 6 years. 
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 [Sportsbet spokesperson](https://musiccosign.com/christinstrach) Richard Hummerston told the Sydney Morning Herald paper: "Seventy per cent of the money staked before the early payment had actually come for Labor, our punters called the election early. 
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The BBC is not responsible for the content of external websites. 
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 Allow X material? [bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
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 Accept and continue 
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 End of X post 2 by Sportsbet.com.au 
 Bookmakers frequently pay out early if they are particular of the result. In some cases where they are sure of the result, they pay to avoid more individuals placing on bets. 
 It's not the very first time a bookmaker has paid early. 
 Paddy Power, an Irish bookmaker, paid on a Hillary Clinton win the month before the November 2016 elections. 
 It said it paid $1m (₤ 786,290) early to those who wager on Clinton and $4.5 m to those who wager on Donald Trump. 
 More on [this promotion code](https://www.soundofrecovery.org/franklyn24h969) story 
 Australian PM surrounds majority win 
 20 May 2019 
 How Australia's PM forged a 'miracle' win [bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
 Published 
 19 May 2019 [bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)