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Paddy Power pays out early on Obama victory

16 Oct 2008

DUBLIN, Ireland -- As reported by The Irish Times: "The general public may still be weighing up who came off best in the concluding US presidential debate last night but Irish bookmaker Paddy Power today said it is to pay out early on Barack Obama becoming president.

"The bookmaker said this morning it is to pay out in excess of €1 million to punters who have bet on the Illinois senator taking over the world's top job in three weeks time.

"More than 10,000 bets have been placed on the 2008 presidential election with Paddy Power in Ireland, with the majority placed in support of Mr Obama over the past 12 months.

"Mr Obama was a massive 50/1 with Paddy Power to be the next US president back in May of 2005..."

 
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