Paddy Power is paying out to punters who backed Barack Obama to win the US Presidential election 2012.
There’s still two days to go before America votes and national polls show voters remain largely undecided with nothing more than a sheet of ballot paper between Democrat Obama and Republican rival Mitt Romney.
But Paddy Power believes it’s a done deal and Obama is a nailed-on certainty to win a second term.
The gutsy call sees Europe’s largest bookmaker put its neck on the line for more than £400,000 (over $650,000). Prior to the decision to pay out, Obama’s odds fell to a low 2/9 and over the past months Paddy Power has seen 75 per cent of money staked go Obama’s way.
A Paddy Power spokesperson said:
Romney gave it a good shot and is doing well in the popular vote, but we suspect he’s had his moment in the sun and is likely to be remembered more for his legendary gaffes than Presidential potential. The overall betting trend has shown one-way traffic for Obama and punters seemed to have called it 100 per cent correct. Despite Romney appealing to the large evangelical and senior vote, America’s sticking with black and cool.
Paddy Power continues to offer betting right up to and including Election Day. One of the most popular bets on offer is predicting the winning margin of the successful nominee on November 6.
To see Paddy Power’s full range of betting on the American Presidential election click here.
[Singles only. Bets up to 10am, November 4. All bets will paid out by midday Monday 5th.]
Guys please tell me this isn’t just for online bets?!
Shops will settle also KJM
Happy Christmas to me!!!!!
Cheers PP
Obama loses in an epic blowout. You people are delusional.
you wish!
Cheers and thank you,Paddy Power.
I reckon you got it right !
Romney is going to win on Tuesday November 6th. Wish I could get a bet down with these fools, but Congress passed a law prohibiting money transfers to online betting sites.
Lolol how ironic. The very party you are voting for took away your freedom to bet online. The irony is amazing.
The democrats passed it you idiot.
Payout before the election? Are you drunk?
My single bet was accepted at 12.25 today, will I get paid?
Betting on Federal Elections was illegal in the United States long before there was an internet and will in all likelihood remain so long after any internet wagering is legalized.
Why is it such a done deal, according to the bookies ? UK National radio has it as being “almost too close to call”
Fortune teller