The Big Election Mistake That Cost $1.3 Million!
Australia’s votes have been counted and we have decided we trust Scott Morrison and the Liberals the most in 2019.
But it’s left Aussie in shock and none more so than betting agency Sportsbet. On Thursday, they paid out $1.3 million to those who had betted on Bill Shorten and the Labor Party to win.
In a release from Sportsbet on Thursday, they said “Sportsbet punters have declared Saturday’s Federal Election run and won, backing Labor into Winx-like odds of $1.16 with 70% of all money wagered on the election going on Bill Shorten’s team,’’
“With punters so confident, Sportsbet has today paid out early on all bets placed on Labor to win Saturday’s vote,''
“Over $1.3 million has been paid out to punters who had a flutter on Labor.
“Labor have attracted several large wagers including one savvy punter who walks away with over $128,000 before a vote has been counted.”
“Our punters have spoken through their bets! 7 out of every 10 bets on the election are on Labor. They’re supremely confident we will be paying out on Saturday so we have decided to pay them early.
“Punters rarely get it wrong on elections,” Sportsbet’s Rich Hummerston said.
As the votes were counted, Sportsbet tweeted, ‘who is having a worse night, us or the labor party?’’ as they realised their mistake.