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Australian Betting Company Pays out For Wrong Result

Australian wagering company pays for wrong outcome


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An Australian wagering business has actually paid out for the incorrect result in the country's elections.


Sportsbet handed out more than A$ 1m (₤ 540,000) to those who thought that the opposition Labor Party would win, 2 days before Saturday's vote.


Polls had actually widely forecasted a Labor win for the very first time in six years.


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


The wagering business told its followers that it has now likewise paid cash to those who predicted that Scott Morrison's Liberal-National would win.


As the results can be found in, Sportsbet required to social networks to share the oversight.


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Sportsbet spokesperson Richard Hummerston told the Sydney Morning Herald paper: "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 merely offer them their money early."


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