Paddy Power paid $1m early to people who bet on Clinton, and now has forked out $4.5m to customers to backed Trump
Betting firm Paddy Power are in hot water after this morning's election result.
It paid out over $1m early to customers who made bets on Hillary Clinton, just after the sexual assault allegations against Donald Trump came out.
Read more: Trump wins the White House
Did they learn NOTHING from Brexit? Nothing is ever off the table. After a shock election night, they've now had to pay out $4.5m to customers who backed Trump. Seriously.
D’oh – We’ve been Trumped! Here’s how we paid out $4.5m after The Donald’s win: https://t.co/mgdtrD7ZOI #ElectionNight
— Paddy Power (@paddypower) November 9, 2016
In a statement today they said it was their "biggest political payout ever".
After Donald Trump was hit with scandal after scandal we were confident of Hillary’s chances – prompting the whopping payout. But Clinton’s campaign took a late hit thanks to the reopened FBI investigation, which resulted in a huge surge in bets for The Donald.
Féilim Mac An Iomaire, a spokesperson for Paddy Power, said: “We’re in the business of making predictions and decided to put our neck on the line by paying out early on Hillary Clinton, but boy did we get it wrong."
Meanwhile, they are taking bets in the next Trump-related news. Not that we can trust the bookies anymore. Obviously.
Read more: Was the record betting on the Brexit vote all that impressive?
TRUMP:
4/1 To be re-elected in 2020
6/4 To appear in court during presidency
10/1 To be successfully impeached
20/1 To build a Mexican Border wall (wall covering entirety of US-Mexican border)
100/1 Turn the White House Gold
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