Australian Betting Company Pays For Wrong Result
Australian betting business pays for wrong result
Share
close panel
Share page
bet9ja.com
Copy link
bet9ja.com
About sharing
An Australian wagering company has paid for the wrong outcome in the nation's elections.
Sportsbet handed out 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 commonly forecasted a Labor win for the yohaig code very first time in six years.
But with most of the votes counted, Prime Minister Scott Morrison, a conservative, is forecasted to win a shock majority.
The informed its fans that it has now also paid cash to those who forecasted that Scott Morrison's Liberal-National would win.
As the results came in, Sportsbet took to social networks to share the oversight.
Skip X post by Sportsbet.com.au
bit.ly
End of X post by Sportsbet.com.au
bet9ja.com
Sportsbet spokesman Richard Hummerston informed the Sydney Morning Herald paper: "Seventy per cent of the cash staked before the early payment had come for Labor, our punters called the election early.
" We thought we 'd simply bet9ja's welcome offer them their cash early."
This X post can not be shown in your browser. Please enable Javascript or attempt a various browser.View initial material on X
The BBC is not accountable for the content of external websites.
Skip X post 2 by Sportsbet.com.au
bit.ly
Allow X content?
This post consists of material offered by X. We request your authorization before anything is packed, as they may be using cookies and other innovations. You may wish to check out X's cookie policy, external and personal privacy policy, external before accepting. To see this content choose 'accept and continue'.
Accept and continue
The BBC is not responsible for the material of external sites.
End of X post 2 by Sportsbet.com.au
Bookmakers frequently pay early if they are certain of the result. In some cases where they are sure of the result, they pay to prevent more individuals putting on bets.
It's not the very first time a bookie has paid out early.
Paddy Power, an Irish bookie, paid out on a Hillary Clinton win the 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 bet on Donald Trump.
More on this story
Australian PM surrounds bulk win
bet9ja.com
20 May 2019
How Australia's PM forged a 'miracle' win
bet9ja.com
Published
19 May 2019