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

Worst Kept Secret: Biden 2020, Latest Odds

Worst Kept Secret: Biden 2020, Latest Odds

Former US Vice President Joe Biden has "almost" made it official.  He's running for President for 2020.

Bernie Sanders Moves to the Top of the Pack

Bernie Sanders Moves to the Top of the Pack

Vermont Senator Bernie Sanders is now favored to win the Democratic nomination for the 2020 U.S. Presidential race following a highly rated Fox News Town Hall.

Political Betting Markets Now Favor Buttigieg as Biden Falls Out of Favor

Political Betting Markets Now Favor Buttigieg as Biden Falls Out of Favor

Second woman steps forward to say former VP touched her inappropriately

Brexit Hell: Latest Odds

Brexit Hell: Latest Odds

Brexit exit dates in 2019 at 1/10 odds most books

Brexit - No 2nd EU Referendum Say Oddsmakers

Brexit - No 2nd EU Referendum Say Oddsmakers

Theresa May was set to rule out a no-deal Brexit to stave off rebellion and avoid a rebellion by members of parliament, who are threatening to grab control of the divorce process, The Sun and Daily Mail newspapers reported.

Syndicate