UK Bookie Calls Race, Pays Off Obama Bettors Early

Although we’re still in the thick of election day, Paddy Power, Europe’s largest online ‘Bet Shop’ and bookmaking service has already called the race. In a stunning move, Paddy Power is already paying gamblers, or punters, who picked President Obama to win the 2012 presidential election.

Calling the president a “nailed-on-certainty” to win, the service stated:

“Romney gave it a good shot and is doing well in the popular vote, but we suspect he’s had his moment in the sun and is likely to be remembered more for his legendary gaffes than presidential potential…The overall betting trend has shown one-way traffic for Obama and punters seem to have called it 100 percent correct.”

A check of the website shows that Obama’s odds were at 1-5 in his favor, meaning you’d have to bet five pounds, dollars, or euros to win one back. While US news services keep telling us the race is neck and neck, the rest of the world is nearly unanimous in its preference for Barack Obama.

NOTE: Apparently Paddy Power has taken a measure of grief for its above newspaper ad, which says Romney isn’t “Black or cool.” But a bit of cheeky political incorrectness isn’t surprising, really; ‘Paddy’ was once considered an offensive term for the Irish. A spokesperson for the bookmakers was unrepentant:

“The ad is a statement of fact – the President of the USA is black, and we’re saying he’s cool.

We’re not saying he’s cool because he is black – he’s cool because he’s the president of the free world, who hangs around with Jay-Z.  If that’s not cool, what is?”

And they must really like the president to be so complimentary. They may be the one business that actually will suffer due to an Obama victory.

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