Australian wagering company pays out for incorrect outcome

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An Australian betting business has paid out for the incorrect outcome in the country's elections.

Sportsbet distributed more than A$ 1m (₤ 540,000) to those who believed that the opposition Labor Party would win, two days before Saturday's vote.

Polls had commonly anticipated 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 projected to win a shock bulk.

The wagering business told its fans that it has now also paid cash to those who anticipated that Scott Morrison's Liberal-National would win.
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As the outcomes came in, Sportsbet took to social networks to share the oversight.

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Sportsbet spokesperson Richard Hummerston informed the Herald paper: "Seventy percent of the money staked before the yohaig code early payout had come for Labor, our punters called the election early.
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" We thought we 'd merely provide them their cash early."

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Bookmakers frequently pay out early if they are particular of the outcome. Sometimes where they ensure the yohaig code result, they pay out to avoid more people placing on bets.
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It's not the very first time a bookie has paid out early.

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

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