Paddy Power refund punters on F1 farce
July 26, 2010 by mbates
Following the farcical decision by the Ferrari racing team that saw them allow Fernando Alonso to overtake the race leader Felipe Massa to win the German Grand Prix at the weekend.
As a show of good faith Paddy Power have decided that the only fair thing to do is refund bets made on Massa. So far the internet bookmakers Paddy Power have refunded over £15,000 to literally hundreds of punters who had backed Massa to win the race.
Since the incident the FIA have fined Ferrari $100,000 for breaching sporting regulations but the the results will still stand. The fine is the maximum that the stewards are allowed to impose. However there are calls that the fine should not be financial but the team should be penalised by a points reduction.
Paddy Power will donate £2500 for every Rooney goal
June 9, 2010 by mbates
The internet bookmakers Paddy Power have announced a novel way of donating money to the children’s charity Barnardo’s, which is one the United Kingdoms major child charities which each year spends over £195 million on helping vulnerable children.
For each goal that England striker Wayne Rooney scores during his World Cup campaign in South Africa the bookmaker will donate £2500, with England being placed in Group C and having the prospects of facing one of the tournaments easiest first three matches the chances of England’s star striker bagging quite a few goals and maybe even the golden boot or shoe are quite good, which hopefully will translate into a healthy donation to such a worthy charity.
Number of Wayne Rooney World Cup Goals
The odds are according to Paddy Power website at time of publication.
- 9/2 - One (£2500)
- 10/3 - Two (£5000)
- 10/3 - Three (£7500)
- 3/1- Four (£10,000)
- 7/2 - Five or more (£12500 or higher)
Liz Cox the Director of Fundraising for Barnardo’s said “Barnardo’s is thrilled to be the beneficiary of such an exciting initiative. With Paddy Powers help we will be able to support the most vulnerable children’s lives.”
Paddy Power offering a free bar in Liverpool if McCoy wins National
April 9, 2010 by mbates
The internet bookmakers Paddy Power have a fantastic offer up for grabs if Irish jockey AP McCoy rides the winner of the 2010 John Smith’s Aintree Grand National, a free bar for people in Liverpool, it sounds like a dangerous combination and will surely lead to a dry house.
Paddy Power have teamed up with the owner of ‘Aldo’s Place’ a drinking establishment in Liverpool owned by none other than Irish football legend John Aldridge (who played for Liverpool, Tranmere Rovers and Real Sociedad )and they will sponsor a free bar all night should Tony ride the winner on Saturday.
AP McCoy has managed over 3000 career wins but has managed to avoid winning the Grand National in his career but hopefully on the horse Don’t Push It (currently at odds of 25/1) it is one of the favourites to do well if not win.
A spokesperson for Paddy Power said, “This looks like the year that Tony will finally break his Grand National duck and if he does I can personally guarantee there won’t be a sober soul in Liverpool this Saturday night.”
Click here to visit the Paddy Power website
Paddy Power refunds punters following Thierry Henry cheating Ireland out of World Cup
November 19, 2009 by mbates
Following the dramatic ending to the Republic of Irelands World Cup campaign for the 2010 World Cup in South Africa where they lost the games due to a blatant handball by Thierry Henry, the Irish bookmaker Paddy Power have today refunded over £110,000 to punters who had backed Ireland to qualify for next years finals.
A spokesman for Paddy Power said “Luck of the Irish me arse! Not only did FIFA change the rules to protect the big teams, but then we drew France and that dirty little thief Henry cheats us out of a place in the World Cup. After all that we’re only too happy to put our hand in our pocket and hopefully ease some of the pain for our patriotic punters.”
The handball is not the first time that FIFA have courted controversy over the qualifying campaign, as when the draw for the play-offs was imminent FIFA announced that they would be introducing a seeding system for the draw which would make sure that the four teams with best records in recent tournaments would be drawn against the least successful teams for the play offs. This was condemned and accusations were thrown against FIFA that they were more motivated by finance and politics than fair play. It was suggested that FIFA wanted to ensure that the larger teams made it through to ensure higher viewing figures which in turn bring in more revenue from corporate sponsorship.
Horse Racing Ireland release betting figures
January 14, 2009 by mbates
Irish bookmaker Paddy Power saw its share value drop sharply yesterday in reaction to figures release by Horse Racing Ireland that showed that there was a decline in the horseracing industry has decreased for the first time in fifteen years.
Paddy Power’s shares fell from 7.8pc to €11.90 and have shrunk further €11.28 by lunchtime today, increasing its decline this year to just over 11 percent.
Horse Racing Ireland said that on course betting had fell by over 18 percent in 2008 due to adverse weather and the current economic decline. An example of the decrease in punters at racecourses was seen at the recent Christmas meeting at Leopardstown which saw crowds reduced from 59,000 to 57,000 over the four day event but saw a decrease at the Tote by €400,000 to €1.9m.
US elections sees £10 million in bets
November 3, 2008 by mbates
As the world gets ready to welcome the next American president, UK based punters have staked a record £10 million worth of bets on the two horse race, almost four times as much that was bet on the 2004 elections. Obama is currently beating John McCain in the opinion polls by seven points, beating McCain in the key battlegrounds of Florida and Missouri.
The Irish bookmaker Paddy Power has already paid out on Barack Obama on being named as the next US President, however it is still taking bets on the outcome but with Obama having odds of 1/14 you would need to put on a £500 just to win back £35.00 it does not seem to be worth the gamble, as with any betting event - anything can happen, just ask Al Gore, he was destined to be beat Bush in the 2000 US Presidential elections.
A spokesman from the Racing Post said: “The bookmakers have never seen such a high level of interest in an American Presidential Election, Obama has caught the hearts and minds of British punters and could turn out to be the most popular president on these shores since JFK. ”
The election results are expected to be announced early on Wednesday morning, the results will be shown live on the BBC News 24 and Sky News.
Paddy Power shortens US election postponement odds
October 8, 2008 by mbates
Paddy Power has reduced the odds for the US Presidential Election to be postponed from 66/1 to 40/1 due to the current economic crisis that is gripping the States.
With just over €1000 being placed on the November election being moved until 2009 Paddy Power spokesperson Sharon McHugh said: “It would be astonishing if the US Election were to be postponed. Even through the great depression in 1932, World War 2 and a series of other wars since then, US elections have always gone ahead. However, that hasn’t stopped our customers betting on the unthinkable.”
Other betting on the US Election sees Barack Obama has going ahead in the betting, he is now just 1/5 with Paddy Power to succeed Bush as President, while John McCain trails at 10/3 even with the adding of Sarah Palin as his running mate.
Spurs now 5/1 for the drop
October 5, 2008 by mbates
Following the defeat at home to Premiership newcomers Hull City, several bookmakers have given odds of as low as 5/1 for Tottenham Hotspur to be relegated to the Coca Cola Championship. Spurs are now languishing at the bottom of the Premiership taking just two points out of a possible twenty one making it their worst ever start in the Premiership.
VC Bet and Sky Bet are offering odds of 5-1, but Paddy Power is still showing odds of 7-1. VC Bet are also giving Spurs manager Juande Ramos odds of 8/11 on to be the next Premier League manager to be given his marching orders.
Paddy Power Cheltenham Betting Up
September 4, 2007 by mcohen
The Paddy Power betting group showed excellent half year results for the six months ended 30 June the company reported an operating profit growth of 108pc to €40.8m and was very pleased with its Cheltenham Festival betting in shops due to the new epos system, even though there were some online problems on one of the days of the festival. The company reported revenues of €143.7m, up considerably from the €104.9m reported in the same period last year.
Paddy Power chief executive Patrick Kennedy was reported to be very pleased with operating profits at its online channel which increased by 53pc or €5.1m in the first half of 2007.
Chief Executive Patrick Kennedy was very encouraged with the online results as “Customer numbers in the online channel continued to grow strongly with an 18pc increase at the end of the half year relative to June 2006, despite slower growth in sports book customers without the Football World Cup,” Kennedy explained.
“Online competition remains intense but we are confident that our brand, product range and top class customer service, as well as our continuous drive to increase our marketing efficiency, means we are well positioned for growth.”
Kennedy said that the aim is to continue to invest in people and technology to optimise customer acquisition and retention.
“For example, we added our newly developed affiliate management system to paddypower.com during the period, automating the process for other web site operators to promote our products on their websites.
“This year’s Cheltenham Festival and Grand National were the first for many shops with EPOS and we were pleased with the improvement in customer service from speedier bet placement and collection, including the benefit of EPOS readable ‘mark sense’ dockets for shop coupons and press promotions,” Kennedy explained.
“We are also extracting more benefits by continuously refining and acting upon information from the system for operational management, marketing, risk and security,” he added.
