Friday, June 13, 2008

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One minor anecdote from the defeat of the Lisbon Treaty referendum in Ireland --

Bookmaker Paddypower has admitted it made a mistake, after paying out more than €80,000 in bets on a Yes vote in the Lisbon Treaty referendum. As polls closed at last night, the bookmaker made a decision to pay out punters who had backed a Yes vote after unofficial exit polls indicated a late surge in support for the treaty.

The blunder means the bookmaker will be forced to pay out over €180,000 in referendum bets.

Paddy Power seems to like the gimmick bets and it's hard to see this as anything other than a gimmick. What bookie pays out before an event has been determined, and on the basis of dodgy information? Unless they wanted the publicity.

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