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> Paddy Power says Clinton has an 85.7% — odds of 2/11 — chance of winning the election, a figure that it believes amounts to a "done deal." I agree that Trump
by dtnewman 10y ago
> Paddy Power says Clinton has an 85.7% — odds of 2/11 — chance of winning the election, a figure that it believes amounts to a "done deal."
I agree that Trump winning would be a long shot. But what's the benefit of paying out early? 85.7% isn't the same as 99.9999%, so why don't they just wait?
- verylongname 10y agoBecause you get a lot of free press.
- therockhead 10y agoI think they do it for the publicity.
- RossTech 10y agoI work in the gambling industry, and the amount of money bet on this market by Irish and UK customers (most of Paddy Power's userbase) would be a relatively very small amount. So they settle all bets on Clinton as a winner now and reap all the free publicity (which PP are experts at doing). Aside from that, the type of user betting on this market are not going to withdraw their winnings, it will go straight onto the next horse race or premiership game :)