Paddy Power pay out on Obama as next President of USA

October 16, 2008 by mbates 

Paddy Power have today paid out on all backers of Barack Obama as the forty fourth President of the United States of America following the conclusion of the Presidential debate in New York.

The shock move comes a full three weeks before the 4th November election day and sees Paddy Power paying out over one million Euros in winning bets. Prior to the payout Barack Obama was virtually unbackable with odds of 1-9.  A spokesperson for Paddy Power said “We declare this race well and truly over and congratulate all those who backed Obama, your winnings await you

Despite the massive payout of today. Paddy Power is still offering betting right up to election day, Barack Obama’s rival in the presidential stakes John McCain is currently showing odds of 5.1.

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