Bookmaker to pay out early on Obama victory

[Squawk]

http://www.abc.net.au/news/stories/2008/10/17/2393863.htm?section=justin


Are there any other precedents for this?

Bookmaker to pay out early on Obama victory

Ireland's biggest bookmaker said it would pay out more than 1 million euros ($1.95 million) on bets that Barack Obama will be the next US president, three weeks before the election.

Dublin-based bookmaker Paddy Power said it made the "unprecedented decision" to pay on bets taken so far, following Wednesday's final campaign debate between Senator Obama and his Republican rival John McCain.

[Dutchy]

http://sports.betfair.com/Index.do?mi=2 ... origin=MRL

heres a link to the Betfair market, over $18m traded on this result

Ive seen it before Squawk, one bookie paid out on Bolt winning the 200m final before it was run

Its a publicity exercise for the bookie, like the "1st coach sacked" market for AFL coaches...gives them free advertising in teh media

[another grub]

Obama still $1.09 with Luxbet

[eags]

$1.10 with sports acumen too

[another grub]

FREE MONEY....

there are gifts everywhere at the moment on the punt..... Im off to see the bank manager!!!!