Australian Betting Company Pays For Wrong Result
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Australian wagering business pays for wrong result

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An Australian wagering business has actually paid out for the incorrect outcome in the yohaig code nation's elections.

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

Polls had actually widely forecasted a Labor win for the very first time in six years.
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But with most of the votes counted, Prime Minister Scott Morrison, a conservative, is forecasted to win a shock majority.
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The betting company informed its followers that it has now also paid out money to those who that Scott Morrison's Liberal-National would win.

As the results was available in, Sportsbet required to social networks to share the blunder.

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Sportsbet representative Richard Hummerston told the yohaig code Sydney Morning Herald paper: "Seventy percent of the cash staked before the early payment had come for Labor, our punters called the election early.
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" We believed we 'd just provide their cash early."

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Bookmakers frequently pay out early if they are certain of the yohaig code result. Sometimes where they ensure the outcome, they pay out to prevent more people putting on bets.

It's not the very first time a bookmaker has actually paid out early.

Paddy Power, an Irish bookmaker, paid on a Hillary Clinton win the month before the November 2016 elections.

It stated it paid $1m (₤ 786,290) early to those who bank on Clinton and $4.5 m to those who bank on Donald Trump.

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