Paddy Power, who paid out over $1m early to its customers who backed Hillary Clinton, has been left counting the cost of our decision today after Donald Trump upset the odds to win the US Presidential election.
His victory in the early hours of the morning – which has left serious question marks over our company Christmas party – was indicated last week as his odds were slashed following an FBI investigation into Clinton’s private email server.
The result also stung us for our biggest political payout ever, we’ve been hit for over $4.5m by customers who backed Trump.
After Donald Trump was hit with scandal after scandal we were confident of Hillary’s chances – prompting the whopping payout. But Clinton’s campaign took a late hit thanks to the reopened FBI investigation, which resulted in a huge surge in bets for The Donald.
Speaking on the election result Féilim Mac An Iomaire, a spokesperson for Paddy Power, said: “We’re in the business of making predictions and decided to put our neck on the line by paying out early on Hillary Clinton, but boy did we get it wrong.
“We’ve been well and truly thumped by Trump with his victory leaving us with the biggest political payout in the company’s history and some very, very expensive egg on our faces.”
Meanwhile, Paddy Power have started taking bets on a number of Trump specials following the Republican’s election such as 4/1 to be re-elected in 2020, 20/1 to build a Mexican border wall and 100/1 to turn the White House gold.
4/1 To be re-elected in 2020
6/4 To appear in court during presidency
10/1 To be successfully impeached
20/1 To build a Mexican Border wall (wall covering entirety of US-Mexican border)
100/1 Turn the White House Gold
66/1 North Korea