..

Paddy Power Already Pays Out On Republicans

Written by:
Aaron Goldstein
Published on:
Oct/28/2010
Republicans

 

One Irish bookmaker won’t be waiting for Election Day to make payouts on U.S. House of Representative wagers.  Paddy Power, Ireland’s largest bookmaker, has already determined that the Republicans will be the big winners. 

"In our opinion this race is well and truly over with nothing short of a miracle stopping the Republicans taking down the House," said Ken Robertson, communications manager for Paddy Power.

The risk vs. reward ratio was especially high.  A US$50 bet would only pay out US$1 (with the US$50 bet refunded).

The irony in all of this is that U.S. gamblers are prohibited from playing at Paddy Power at this time.

Bookmakers across the globe have made Democrats favorites to retain control of the Senate.  However, online betting exchange intrade.com, which does accept bets from those living in the U.S., has given Senate Majority Leader Harry Reid around a 40 percent chance of being re-elected. 

Republicans have a clear shot at scoring the 40-seat gain they would need for control of the House just days before the election.

- Aaron Goldstein, Gambling911.com

Politics News

Michele Obama 2024 Presidential Odds 65-1 With Joe Rogan Endorsement

Michele Obama 2024 Presidential Odds 65-1 With Joe Rogan Endorsement

Rogan said of Michelle Obama winning a presidential race against former US President Donald Trump, who has expressed interest in running again: "If she runs, she wins. She's great, she's intelligent, she's articulate, she's the wife of the best president that we have had in our lifetime."

Latest Political Odds Show Changing Projections in U.S. and U.K.

Latest Political Odds Show Changing Projections in U.S. and U.K.

Following their victories and progress in last week’s Gubernatorial elections, the Republicans continue to shorten their odds across the political betting markets.  Republicans are now -300 favorites to win the Senate with some states previously favoring the Democrats now favoring a GOP victory.

Jack Ciattarelli Would Have Paid $900 on $100 Bet With NJ Win

Jack Ciattarelli Would Have Paid $900 on $100 Bet With NJ Win

Jack Ciattarelli came so close to the upset but Wednesday evening the New Jersey governor's race was finally called for incumbent Phil Murphy, the Democrat.

Youngkin Tops McAuliffe to Become Virginia's Next Governor Following Dramatic Odds Shift

Youngkin Tops McAuliffe to Become Virginia's Next Governor Following Dramatic Odds Shift

Meanwhile, in New Jersey, an upset win by Republican candidate Jack Ciattarelli would pay out $900 on a $100 bet should he pull it off.

McAuliffe, Youngkin Dead Heat in Polls and Among Oddsmakers

McAuliffe, Youngkin Dead Heat in Polls and Among Oddsmakers

Tuesday's off year Elections has one marquee matchup and that's the Virginia Governor's race where Terry McAuliffe and Glenn Youngkin each sit at -120 odds to win.

Syndicate