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NEWS 2 November 2016

Was paying out early on the US elections a huge mistake for Paddy Power?

By Nicole Abbott
Two weeks ago, Paddy Power paid out 20 days early of polling day to those who bet on Hilary Clinton to win the upcoming Presidential election. This early pay out totalled approximately $1m, demonstrating the Irish bookkeeper’s confidence in a Clinton win. However, as Election Day creeps closer, Paddy Power may be regretting this hasty decision.

Support for Donald Trump has rallied over the last few days, with the odds of him winning the presidential elections shortening from 5/1 to 5/2. Trump now holds a 28% chance of becoming the next President of the United States of America, challenging Clinton’s previous 85.7% chance of moving into the white house.

Clinton’s odds of winning the elections slipped from 2/9 to 1/3 upon the announcement that the FBI were re-opening their investigation into the democratic candidate’s private email server. This now leaves Clinton with a 75% of securing the coveted position.

According the Paddy Power, Germany winning the next world Cup, London having a white Christmas, and Taylor Swift winning best album at the 2017 Grammy awards are all less likely to happen than Trump winning the US election in 6 days time.

RELATED TAGS: Sports Betting
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