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Australian betting company pays for incorrect outcome

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An Australian wagering company has paid out for the incorrect lead to the yohaig code nation's elections.
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Sportsbet distributed 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 extensively forecasted a Labor win for the very first time in six years.

But with the majority of the votes counted, Prime Minister Scott Morrison, a conservative, is to win a shock bulk.
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The wagering business informed its fans that it has now also paid out money to those who predicted that Scott Morrison's Liberal-National would win.
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As the results came in, Sportsbet required to social media 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 early payout had actually come for Labor, our punters called the election early.
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" We thought we 'd merely bet9ja's welcome offer them their cash early."

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Bookmakers often pay early if they are certain of the outcome. Sometimes where they ensure the result, they pay out to avoid more individuals placing on bets.
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It's not the very first time a bookie has paid early.
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Paddy Power, an Irish bookmaker, paid out on a Hillary Clinton win the month before the November 2016 elections.

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

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