Australian wagering company pays for incorrect result
Share
close panel
Share page
Copy link
About sharing
An Australian wagering business has paid for the wrong result in the yohaig code country's elections.
Sportsbet gave out more than A$ 1m (₤ 540,000) to those who believed that the opposition Labor Party would win, two days before Saturday's vote.
Polls had actually commonly predicted a Labor win for the very first time in six years.
But with most of the votes counted, Prime Minister Scott Morrison, a conservative, is forecasted to win a shock bulk.
The wagering company informed its followers that it has now likewise paid out money to those who anticipated that Scott Morrison's Liberal-National would win.
As the outcomes can be found in, Sportsbet took to social networks to share the mistake.
Skip X post by Sportsbet.com.au
End of X post by Sportsbet.com.au
Sportsbet spokesperson Richard Hummerston informed the Sydney Morning Herald newspaper: "Seventy percent of the money staked before the early payment had come for Labor, our punters called the election early.
" We believed we 'd merely provide their money early."
this promotion code X post can not be displayed in your internet browser. Please allow Javascript or try a different browser.View initial material on X
The BBC is not responsible for the material of external sites.
Skip X post 2 by Sportsbet.com.au
Allow X content?
this promotion code post consists of content offered by X. We request for your authorization before anything is filled, as they may be utilizing cookies and other technologies. You might want to read X's cookie policy, external and personal privacy policy, external before accepting. To see this material pick 'accept and continue'.
Accept and continue
The BBC is not responsible for the content of external websites.
End of X post 2 by Sportsbet.com.au
Bookmakers often pay out early if they are certain of the outcome. In many cases where they ensure the result, they pay out to prevent more individuals putting on bets.
It's not the very first time a bookmaker has actually paid out early.
Paddy Power, an Irish bookie, paid out on a Hillary Clinton win the month before the November 2016 elections.
It stated it paid out $1m (₤ 786,290) early to those who bank on Clinton and $4.5 m to those who bank on Donald Trump.
Australian PM closes in on majority win
20 May 2019
How Australia's PM created a 'wonder' win
Published
19 May 2019
