Obama Costs Irish Bookie $75,000

[jakem]

DUBLIN, January 7, 2008 /PRNewswire via COMTEX/ -- Ireland's largest bookmaker, Paddy Power, are today claiming that the Democratic Nomination race is well and truly over and are already paying out on Barack Obama to be the successful Democratic nominee.

The early payout signals a massive EUR50,000 ($75,000) payday to lucky punters who backed Obama over the recent number of weeks at various odds ranging from 4/1 to 4/9.

The unexpected decision by the Irish bookmaking firm comes almost a week after the Iowa primary election and just a day before the New Hampshire primary election where Barack is now the odds on favourite at 1/12 to demolish his Democratic rival Hillary Clinton.

Paddy Power, said: "From a betting point of view we reckon that it's game over for Hillary. With each passing day Obama is looking more like a certainty to get the Democratic vote and as far as we're concerned he's already past the post. So well done to all who backed him, your winnings await!"

Barack Obama has also overtaken Hillary Clinton for the first time in the betting to become the next US President. Paddy Power now make him the odds on favourite at 10/11 to become the first African-American President over Hillary Clinton who has now drifted to an incredible 5/2.


http://www.foxbusiness.com/markets/industries/media/article/obama-costs-irish-bookie-75000_425252_15.html (sorry about the source!)

[Demeter]

1. That's Sound Premature--Cutting His Losses?

Don't know much about betting, but this doesn't sound cricket.

[luckyleftyme2]

2. what do you expect

Look at the source;usually right wing slanted!

[jakem]

3. true enough about the source (i did apologize!)

but i hardly see how this affects the content...

[Yael]

4. So Iowa goes to Caucus and the election is over?