Press Release: (9 November 2016) Paddy Power, the bookmaker who paid out over $1 million early to its customers who backed Hillary Clinton, were left counting the cost of their decision today after Donald Trump upset the odds to win the U.S. presidential election.
The result also stung Paddy Power for its biggest political payout ever with the bookie being hit for over $4.5 million by customers who backed Trump.
After Donald Trump was hit with scandal after scandal the bookie was confident of Hillary’s chances — prompting the whopping payout. But Clinton’s campaign took a late hit thanks to the reopened FBI investigation which resulted in a huge surge in bets for The Donald.
Féilim Mac An Iomaire, a spokesperson for Paddy Power, said “We’re in the business of making predictions and decided to put our neck on the line by paying out early on Hillary Clinton, but boy did we get it wrong. We’ve been well and truly thumped by Trump with his victory leaving us with the biggest political payout in the company’s history and some very, very expensive egg on our faces.”
Meanwhile, Paddy Power have started taking bets on a number of Trump specials following the Republican’s election such as 4/1 to be re-elected in 2020, 20/1 to build a Mexican border wall and 100/1 to turn the White House gold.
Donald Trump Specials
4/1 To be re-elected in 2020
10/1 To be successfully impeached
6/4 To appear in court during presidency
100/1 Turn the White House Gold
20/1 To build a Mexican Border wall (wall covering entirety of US-Mexican border)
First international visit:
Evs Russia
2/1 Mexico
4/1 Israel
4/1 UK
5/1 Canada
10/1 Slovenia
20/1 Ireland
25/1 China
33/1 Venezuela
50/1 Cuba
66/1 North Korea
