Bookmaker Paddy Power pays out on Obama victory

In a typically brazen yet impressive move, bookmaker Paddy Power has paid out to gamblers who have backed President Obama to win the US election.

With a day to go before the election this is a good PR move by the bookie but some would question the value of doing so in such a close race, but Paddy Power believes that ‘Obama is a nailed-on certainty to win’.

“Romney gave it a good shot and is doing well in the popular vote, but we suspect he’s had his moment in the sun. The overall betting trend has shown one way traffic for Obama and punters seem to have called it 100% correct,” said a Paddy Power spokesman.

As somebody who trusts bookmakers knowledge of such matters, I’m delighted that they’ve saved me a sleepless night on Tuesday. Obama has won… you can bet on it. Well you can’t, but you know what I mean.

Monty (642 Posts)

Monty Munford has more than 15 years' experience in mobile, digital media, web and journalism. He is the founder of Mob76, a company that helps tech companies raise money and exit. He speaks regularly at global media events with a focus on Africa, writes a weekly column for The Telegraph, is a regular contributor to The Economist, Wired, Mashable and speaks regularly on the BBC World Service.