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Australian wagering business pays out for wrong result
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An Australian betting business has paid out for the wrong lead to the nation's elections.

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

Polls had actually widely predicted a Labor win for the very first time in 6 years.

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

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

As the results was available in, Sportsbet required to social networks to share the blunder.

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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 come for Labor, our punters called the election early.

" We thought we 'd just bet9ja's welcome offer them their cash early."

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Bookmakers frequently pay out early if they are specific of the outcome. In some cases where they are sure of the result, they pay to prevent more individuals placing on bets.
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It's not the very first time a bookmaker has paid out early.

Paddy Power, an Irish bookmaker, paid out on a Hillary Clinton win the month before the November 2016 elections.

It said 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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