Irish bookmaker already paying out on Clinton win

Re:Irish bookmaker already paying out on Clinton win by dtnewman on Friday October 21, 2016 @12:37PM (#12761880)

> Paddy Power says Clinton has an 85.7% — odds of 2/11 — chance of winning the election, a figure that it believes amounts to a "done deal."

I agree that Trump winning would be a long shot. But what's the benefit of paying out early? 85.7% isn't the same as 99.9999%, so why don't they just wait?

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Re:Irish bookmaker already paying out on Clinton win by RossTech on Friday October 21, 2016 @01:52PM (#12762805)

I work in the gambling industry, and the amount of money bet on this market by Irish and UK customers (most of Paddy Power's userbase) would be a relatively very small amount. So they settle all bets on Clinton as a winner now and reap all the free publicity (which PP are experts at doing). Aside from that, the type of user betting on this market are not going to withdraw their winnings, it will go straight onto the next horse race or premiership game :)

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Re:Irish bookmaker already paying out on Clinton win by therockhead on Friday October 21, 2016 @01:31PM (#12762565)

I think they do it for the publicity.

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Re:Irish bookmaker already paying out on Clinton win by verylongname on Friday October 21, 2016 @01:31PM (#12762561)

Because you get a lot of free press.

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