Paddy Power

Paddy Power pays out £400,000 on Obama victory in U.S. Presidential election

by Paddy Power Admin | November 4, 2012

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.

Paddy Power Obama Payout

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.]

Your comments and views

24 Comments

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  1. KJM said on November 4, 2012 @ 12:27 pm

    Guys please tell me this isn’t just for online bets?!

  2. Paul said on November 4, 2012 @ 12:44 pm

    Shops will settle also KJM

  3. KJM said on November 4, 2012 @ 12:56 pm

    Happy Christmas to me!!!!!
    Cheers PP

  4. Elron Aven said on November 4, 2012 @ 1:19 pm

    Obama loses in an epic blowout. You people are delusional.

  5. Paddy Power Declares Election Over and Pays Obama Bettors said on November 4, 2012 @ 2:22 pm

    [...] largest bookmaker and a company always happy to find new ways to generate publicity, is paying out over $650,000 in bets on President Obama to win reelection. At Paddy Power, Obama is now 1/4 which implies he has an 80% chance to [...]

  6. MR P said on November 4, 2012 @ 2:33 pm

    you wish!

  7. David Cameron said on November 4, 2012 @ 3:14 pm

    Cheers and thank you,Paddy Power.

    I reckon you got it right !

  8. Doug Sterling said on November 4, 2012 @ 6:29 pm

    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.

  9. Laura Todd said on November 4, 2012 @ 6:45 pm

    Payout before the election? Are you drunk?

  10. Frank Daly said on November 4, 2012 @ 7:11 pm

    My single bet was accepted at 12.25 today, will I get paid?

  11. Redskins rule and 2012 Presidential Election: Does Panthers win secure Mitt … | The Presidency said on November 4, 2012 @ 10:15 pm

    [...] holds up this year. Barack Obama is a sizable betting favorite, with one online sports book already opting to pay out on an Obama win. This [...]

  12. michty6 said on November 5, 2012 @ 12:32 am

    Lolol how ironic. The very party you are voting for took away your freedom to bet online. The irony is amazing.

  13. Craig Müller said on November 5, 2012 @ 6:28 pm

    The democrats passed it you idiot.

  14. SM said on November 5, 2012 @ 10:21 pm

    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.

  15. Betting news on Mancini, Federer, US election | Paddy Power Betting Blog said on November 6, 2012 @ 8:26 am

    [...] Romney has broken with tradition and will hit the campaign trail again later to try to sway some last-minute undecided but Paddy Power has already paid out on the Commander in Chief getting four more years. [...]

  16. Keef said on November 6, 2012 @ 12:46 pm

    Why is it such a done deal, according to the bookies ? UK National radio has it as being “almost too close to call”

  17. Paul said on November 6, 2012 @ 1:26 pm

    Fortune teller

  18. Obama victory a sure thing? A top Irish bookmaker thinks so. | Egypt said on November 6, 2012 @ 1:50 pm

    [...] The total payout has been over $650,000, according to the betting outfit. [...]

  19. obama at 91.4% to win - Page 6 said on November 6, 2012 @ 3:02 pm

    [...] Originally Posted by kelly4 Source please. http://blog.paddypower.com/2012/11/0…tial-election/ I'm in the process of moving, no grow at the moment. Commentated video: Click me! [...]

  20. Obama victory a sure thing? A top Irish bookmaker thinks so. « INSECURE IRAN said on November 6, 2012 @ 4:21 pm

    [...] The total payout has been over $650,000, according to the betting outfit. [...]

  21. The Early Payout – and how to exploit it | BetPreviews said on November 6, 2012 @ 6:24 pm

    [...] they’ve done it again. Paddy Powers have paid out on all bets on Barack Obama to be elected President of the United States, meaning that a lot of punters who would otherwise [...]

  22. Obama Re-Election Chances 2-to-1 in Intrade Bets | Egypt said on November 6, 2012 @ 7:06 pm

    [...] be counted to declare a winner. Paddy Power Plc (PAP), Ireland’s largest bookmaker, said it would pay out for an Obama victory. The Dublin-based company said it was paying out more than 500,000 euros [...]

  23. Irish Bookmaker Declares Obama Win — Two Days in Advance | TIME.com said on November 6, 2012 @ 9:56 pm

    [...] is confident that they have made the right call, first announced Sunday in a statement on the company’s website. As a Paddy Power spokesperson [...]

  24. Betting news on Obama, the Champions League and today’s racing | Paddy Power Betting Blog said on November 7, 2012 @ 8:37 am

    [...] Paddy Power pays out on Obama victory [...]

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