..

Paddy Power Loses €1.5 Mil on Tiger Woods Losing Bets

Written by:
Jagajeet Chiba
Published on:
Aug/17/2009
Paddy Power

Sure he lost and everyone had money on Tiger Woods, but Ireland's biggest bookmaker was so certain that Woods would win they wagered the house on him doing so, literally.

Paddy Power, renowned for settling its bets early, paid out to all backers of Woods after just 36 holes when the world number one was four shots clear at odds of 1/5.

Ultimately it was Yang who pulled off the win with a payout of $25,000 for every $100 bet, though we should point out that very few people had bets on Yang and, those who did, probably weren't wagering much.  Some books had him as high as 150/1 odds early on.

"It takes a special kind of dimwit to turn what should have been our best ever golf result into our worst," Paddy Power said in a statement.

"Paddy Power punters are obviously the big winners here and have made like bandits getting paid out on Tiger as a winner.

"Our only saving grace is that (Padraig) Harrington didn't do the business, thank God!" the statement added in reference to the popular Irish golfer.

Paddy Power does not take bets from US citizens. 

--

Jagajeet Chiba, Gambling911.com 

Gambling News

Sports Betting Briefs: Don't Hold Your Breath on Alabama

Sports Betting Briefs: Don't Hold Your Breath on Alabama

A four-package bill has just gotten through Alabama Senate after falling short by two votes.  All it took was a little tweaking. 

Odds on Who Jake Paul Will Fight Next

Odds on Who Jake Paul Will Fight Next

Social media mogul turned pro boxer Jake Paul made quick work of Ben Askren on Saturday night, and now many are speculating who will be up next for a quick payday in the ring.  SportsBetting.ag has set odds for Jake Paul’s next opponent, and there are some intriguing names on the list of a dozen fighters.

Sports Betting Briefs: Jake Paul Fight Big for Books, NFL Gets Cozy With Sports Betting

Sports Betting Briefs: Jake Paul Fight Big for Books, NFL Gets Cozy With Sports Betting

Though it may have seemed silly at the time, the fight between social media influencer Jake Paul and UFC fighter Ben Askren turned into a big win for the books.  Plus a $603K slots jackpot hits and casinos getting back to pre-pandemic numbers.

March Gambling Revenue Soars After 2020 Virus Shutdown

New Jersey’s casino and sports betting revenue more than doubled in March compared from year ago — but that’s because the emerging pandemic shut down casinos for the second half of the month last year.

UEFA Europa League Season Recap So Far

UEFA Europa League Season Recap So Far

Everyone's attention is usually focused on the UEFA Champions League season after season, but let's not forget that there's another tournament that is just as exciting and where teams fight to prove they do belong among Europe's best, and it's UEFA Europa League. 

Syndicate