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Australian wagering business pays for incorrect result
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An Australian betting business has actually paid out for the incorrect result in the country's elections.

Sportsbet gave out more than A$ 1m (₤ 540,000) to those who believed that the Party would win, 2 days before Saturday's vote.

Polls had actually commonly predicted a Labor win for the first time in six years.
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But with the majority of the votes counted, Prime Minister Scott Morrison, a conservative, is forecasted to win a shock bulk.

The wagering business informed its fans that it has now also paid money to those who anticipated that Scott Morrison's Liberal-National would win.
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As the results can be found in, Sportsbet took to social networks to share the blunder.
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Sportsbet spokesman Richard Hummerston informed the Sydney Morning Herald newspaper: "Seventy per cent of the cash staked before the early payout had come for Labor, our punters called the election early.

" We thought we 'd merely give them their cash early."

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Bookmakers often pay early if they are specific of the result. In some cases where they are sure of the outcome, they pay out to prevent more individuals putting on bets.

It's not the very first time a bookmaker has actually paid out early.

Paddy Power, an Irish bookie, paid on a Hillary Clinton win the month before the November 2016 elections.
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It stated it paid $1m (₤ 786,290) early to those who bank on Clinton and $4.5 m to those who bet on Donald Trump.

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