DUBLIN, Ireland, October 16, 2008 /PRNewswire-FirstCall via COMTEX/ -- Following the concluding presidential debate in New York last night Ireland's largest bookmaker, Paddy Power, has decided to pay out on Barack Obama as the forty-fourth President of the United States of America.
This unprecedented move comes almost three weeks ahead of Election Day on November 4th and sees the bookie paying out in excess of EUR1,000,000 [$1,360,000] to Obama backers. Prior to Paddy Power paying out, Obama was practically unbackable at odds of 1-9 to be the next American President (meaning a bet of EUR90 was required to make EUR10 profit)
Paddy Power said "We declare this race well and truly over and congratulate all those who backed Obama, your winnings await you. Although the Senator seemed a little off sorts in last nights final debate we believe he has done more than enough to get him across the line on November 4th. The overall betting trends has shown one way traffic for Obama since the start of the summer and punters seemed to have called it 100% correct. It reminds me of the patriotic words of action star Wesley Snipes in the movie Passenger 57......Always Bet on Black!"
If an Irish bookie is paying off before the horses cross the finish line, it means all the other horses died on the racetrack!
Also, and in between the lines, I'm sure these turf accountants, who may know a thing or two about fixing horse races, think Obama will win by a large enough margin that the Repugs can't steal the election this time.
In keeping with the theme of this post, however, and out of caution, let's not count our ponies 'til they hatch.
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