Australian Betting Company Pays out For Wrong Result

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Australian betting company pays out for wrong outcome

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An Australian wagering company has actually paid for the wrong lead to the country's elections.

Sportsbet handed out more than A$ 1m (₤ 540,000) to those who thought that the yohaig code opposition Labor Party would win, two days before Saturday's vote.

Polls had extensively anticipated a Labor win for the yohaig code very first time in 6 years.

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

The betting business informed its fans that it has actually now likewise paid money to those who anticipated that Scott Morrison's Liberal-National would win.

As the outcomes was available in, Sportsbet took to social media to share the oversight.

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Sportsbet spokesman Richard Hummerston told the Sydney Morning Herald paper: "Seventy per cent of the money staked before the early payout had come for Labor, our punters called the election early.

" We thought we 'd simply provide their money early."

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Bookmakers typically pay early if they are particular of the outcome. In many cases where they are sure of the result, they pay to prevent more people putting on bets.

It's not the yohaig code first time a bookie has paid out early.