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Australian wagering business pays for incorrect outcome

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An Australian wagering company has actually paid out for the wrong outcome in the nation's elections.
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Sportsbet distributed more than A$ 1m (₤ 540,000) to those who thought that the opposition Labor Party would win, two days before Saturday's vote.

Polls had a Labor win for the first time in six years.

But with many of the votes counted, Prime Minister Scott Morrison, a conservative, is projected to win a shock bulk.

The wagering business informed its fans that it has actually now likewise paid money to those who forecasted that Scott Morrison's Liberal-National would win.

As the results can be found in, Sportsbet took to social networks to share the mistake.

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Sportsbet spokesperson Richard Hummerston informed the Sydney Morning Herald newspaper: "Seventy per cent of the money staked before the early payout had actually come for Labor, our punters called the election early.

" We thought we 'd simply bet9ja's welcome offer them their money early."

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Bookmakers typically pay out early if they are particular of the result. Sometimes where they are sure of the result, they pay out to avoid more individuals putting on bets.

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

Paddy Power, an Irish bookmaker, paid out on a Hillary Clinton win the month before the November 2016 elections.
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It stated it paid out $1m (₤ 786,290) early to those who bet on Clinton and $4.5 m to those who bank on Donald Trump.

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19 May 2019
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