..

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

USA Today Drops Bovada Odds in Favor of US State Licensed Tipico Sportsbook

USA Today Drops Bovada Odds in Favor of US State Licensed Tipico Sportsbook

Gannett, owner of the USA Today newspaper, has inked an exclusive deal with New Jersey-licensed Tipico Sportsbook.  And one popular offshore sportsbook will be getting the heave-ho as a result.

Here's How Rodgers' Return Impacted Packers Odds

Here's How Rodgers' Return Impacted Packers Odds

Aaron Rodgers reported to Packers training camp this week and the oddsmakers took notice.

NFL Training Camp News -2021

NFL Training Camp News -2021

One of the most unusual offseasons in recent memory is ending for Texans quarterback Deshaun Watson, but the season ahead remains unclear.

MLB Trade Deadline Tracker - 2021

MLB Trade Deadline Tracker - 2021

With Major League Baseball’s July 30 trade deadline just a few days away, the big deals are beginning to drop, and the contending teams are making the moves that they hope will fuel a postseason run. 

MLB Betting Picks Tuesday, July 27 – New York Yankees at Tampa Bay Rays

MLB Betting Picks Tuesday, July 27 – New York Yankees at Tampa Bay Rays

How can a team located in a town with few fans and less revenue consistently outperform the most historic brand in professional sports and a team with the largest payroll in its league?  That’s the never-ending question of the Tampa Bay Rays and their superiority over the New York Yankees.  Tampa Bay plays in a dump of a dome that was outdated before they moved into it over two decades ago.  There is zero fan interest and support of the Rays, and they make no money. 

Syndicate