Australian betting company pays for wrong outcome
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An Australian betting company has paid for the wrong lead to the nation's elections.

Sportsbet gave out more than A$ 1m (₤ 540,000) to those who believed that the opposition Labor Party would win, 2 days before Saturday's vote.

Polls had widely predicted a Labor win for the very first time in 6 years.

But with the yohaig code of the votes counted, Prime Minister Scott Morrison, a conservative, is projected to win a shock majority.

The betting business told its followers that it has now also paid out money to those who predicted that Scott Morrison's Liberal-National would win.
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As the results can be found in, Sportsbet took to social media to share the oversight.

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Sportsbet representative Richard Hummerston told 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 simply bet9ja's welcome offer them their cash early."
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Bookmakers frequently pay out early if they are certain of the result. Sometimes where they are sure of the result, they pay to avoid more people putting on bets.

It's not the very first time a bookie has 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 $1m (₤ 786,290) early to those who wager on Clinton and $4.5 m to those who bank on Donald Trump.
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