Australian betting company pays for incorrect result
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An Australian wagering business has actually paid for the incorrect result in the nation's elections.
Sportsbet handed out more than A$ 1m (₤ 540,000) to those who thought that the opposition Labor Party would win, 2 days before Saturday's vote.
Polls had commonly forecasted a Labor win for the first time in six years.
But with most of the votes counted, Prime Minister Scott Morrison, a conservative, is predicted to win a shock majority.
the yohaig code wagering business informed its fans that it has now likewise paid money to those who predicted that Scott Morrison's Liberal-National would win.
As the yohaig code results can be found in, Sportsbet required to social networks to share the blunder.
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Sportsbet spokesperson Richard Hummerston told the Sydney Morning Herald paper: "Seventy percent of the cash staked before the yohaig code early payment had come for Labor, our punters called the election early.
" We thought we 'd merely provide their cash early."
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Bookmakers frequently pay early if they are certain of the outcome. In many cases where they ensure the outcome, they pay out to avoid more people putting on bets.
It's not the very first time a bookmaker has actually paid early.
Paddy Power, an Irish bookmaker, paid out on a Hillary Clinton win the month before the yohaig code November 2016 elections.
It said it paid $1m (₤ 786,290) early to those who wager on Clinton and $4.5 m to those who bank on Donald Trump.
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