18
Aug
09

Kind of an Expensive Mistake


paddypowerPaddy Power is a British bookie with a reputation for paying out to his winning bets early. This past weekend, after only 36 holes at this past weekend’s PGA Championships, the bookie paid out nearly $2 million to those who bet on Tiger Woods to win the tournament. At the time, Tiger Woods was leading the championships by 4 strokes and was at 1:5 odds. Of course, Tiger didn’t end up taking home the trophy, being bested by Yang Yong-eun of South Korea.

“It takes a special kind of dimwit to turn what should have been our best ever golf result into our worst,” Paddy Power said in a understated statement.

The only thing that prevented Paddy Power from losing even more millions of pounds was the extreme long-odds of Yang turning in the winning round, he was a 150-1 shot before the tournament and at 16-1 before the last day of play.

Talk about premature ejaculation…Paddy’s girlfriend is probably a very unsatisfied lady.

[Daily Star]


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