Tuesday, January 24, 2012

Paddy Power: Betting Company Sweats Over Early Payout on ROMNEY

Paddy Power Bookmaker

Image by Alan Stanton via Flickr

While Romney remains the favorite for the Republican nomination his odds have taken a significant slide from 1/14 to 2/5, while Gingrich’s odds have been chopped from 6/1 before the South Carolina Primary to 2/1. Following Newt Gingrich’s win in South Carolina, Europe’s largest betting company Paddy Power is sweating over its decision on Friday to pay out early on Mitt Romney winning the Republican nomination.

For next weeks Florida Primary, Romney and Gingrich are joint 5/6 favorites for the win with Ron Paul and Rick Santorum both at a very unlikely 66/1 to record their first victory of the campaign.

A spokesman for Paddy Power said “It looks as though we could have jumped the gun too soon by paying out on Romney. Newt Gingrich is continuing to build momentum and if he succeeds we could end up with some very expensive pie on our face!”

Updates of the said Nominations

Republican Presidential Nomination

  • 2/5 Mitt Romney
  • 2/1 Newt Gingrich
  • 16/1 Ron Paul
  • 50/1 Rick Santorum

Florida Primary

  • 5/6 Mitt Romney
  • 5/6 Newt Gingrich
  • 66/1 Ron Paul
  • 66/1 Rick Santorum

Next President (Winning Candidate)

  • 4/6 Barack Obama
  • 5/2 Mitt Romney
  • 11/2 Newt Gingrich
  • 40/1 Ron Paul
  • 50/1 Hillary Clinton

100/1 Rick Santorum

Meanwhile, Paddy Power is also taking bets on what cliché President Barack Obama will say first during this Tuesday’s State of the Union speech. The favorite is “We have more work to do” at 8/1 followed by “Health Care Reform” at 10/1 while “Life is like a box of chocolates” is at a massive 250/1 to be his first utterance tomorrow evening. Tonight at 9PM (US-Time) you can watch the President Barack Obama live Union Speech at YouTube.

  • 8/1 We have more work to do
  • 10/1 Health Care reform
  • 10/1 As I stand here today
  • 12/1 Fundamental belief
  • 12/1 God Bless America
  • 12/1 Crossroads of history
  • 12/1 Defining moment
  • 12/1 Make Washington work
  • 14/1 Common purpose
  • 16/1 Pursuit of happiness
  • 16/1 Building a better America
  • 16/1 Reduce the deficit
  • 18/1 War on terror
  • 18/1 It won't be easy
  • 18/1 Hungry for change
  • 18/1 My civil liberties
  • 20/1 Honour for me
  • 20/1 I have a dream
  • 20/1 Willing to listen to each other
  • 20/1 Yes, we can
  • 20/1 Don't get me wrong
  • 25/1 Hard to believe
  • 25/1 I'm fired up
  • 25/1 Withdraw our troops
  • 25/1 There are better days ahead
  • 25/1 Do Nothing Congress
  • 25/1 We'll have to make hard choices
  • 25/1 We can be one people
  • 25/1 A new direction
  • 33/1 For far too long
  • 33/1 Safe from harm
  • 33/1 Jobs to the jobless
  • 33/1 Reshapes our economy
  • 40/1 Deepest gratitude
  • 40/1 Greatness of our nation
  • 40/1 Possibilities of this nation
  • 40/1 Florida Primary
  • 50/1 Believe in what this country can be
  • 50/1 Unity is the great need of the hour
  • 50/1 In the face of despair, you believe there can be hope
  • 50/1 We can work together to keep our country safe
  • 50/1 Abiding faith
  • 66/1 Brighter day will come
  • 66/1 Publish tax returns
  • 66/1 Washington has a long way to go
  • 80/1 Overcome the adversity
  • 80/1 Bloated federal government
  • 100/1 Diversity of my heritage
  • 100/1 Yes, we might
  • 250/1 Life is like a box of chocolates

About Paddy Power

Paddy Power is Ireland’s largest bookmaker and a leading provider of gaming services in the UK, Australia and Ireland. Founded in 1988 Paddy Power is a publicly quoted company and is listed on both the Irish and London Stock Exchanges. Its website www.paddypowerplc.com

Paddy Power Contact Details:

Féilim Mac An Iomaire
Paddy Power plc
Tel: ++353 87 160 7024

To read my previous article visit PhilHealth Circular No. 022 is an Added Burden to The Millions of OFWs Worldwide 

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