Paddy Power Blushing Over Early Payout On Greek Vote

Wildly wrong, admits bookmaker

Paddy Power was left red-faced, but well publicised, following an early payout on Wednesday July 1, 2015 when it overconfidently and incorrectly predicted the outcome of a Greek vote on proposed austerity measures.
A convincing 61 percent of the Greek vote went to rejecting the proposal, costing Paddy Power "thousands of Euros" it says was in the "five figures".
"Paddy Power is feeling a little red faced this morning after calling the Greek referendum wildly wrong … [We] got a little overexcited," the bookmaker wrote in an email to Bloomberg.
Paddy Power will be hoping to recoup some of its losses as it launched a new betting market offering bettors 5/4 odds that Greece will leave the Eurozone and adopt another currency, Bloomberg reported.

Online Casino News Courtesy of Infopowa

About the Author... Total Posts Written: 9,449
Casinomeister

Casinomeister

The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
bryan@casinomeister.com

See More Posts