October 16, 2008
All Bets Off: Obama Declared the Winner
Did you know that they are taking bets over in Europe on who would win the US presidential elections? Obama was a massive 50-1 underdog with Ireland's largest bookmaker, Paddy Power, to be next President back in May of 2005.
The bookie, Paddy Power, watched the final presidential debate between Barack Obama and John McCain and decided to pay out on Obama becoming the next US President.
A Paddy Power spokesperson said: "We declare this race well and truly over and congratulate all those who backed Obama, your winnings await you."
This unprecedented move comes almost three weeks ahead of Election Day and sees the bookie paying out in excess of £780,000 to Obama backers. Prior to Paddy Power paying out, Obama was practically unbackable at odds of 1-9 to be the next American President.
Paddy Power continues to offer betting right up to and including Election Day. One of its most popular bets is predicting the winning margin of the successful nominee on November 4th.
Anyone care to make a non-binding guess on what the victory margin in the election between Obama and McCain?