Sportsbet to lose at least $5.2 million thanks to election bungle

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'We thought we’d simply give them their cash early.' Sportsbet to lose at least $5.2 million thanks to election bungle

"We paid out $1.3 million early to punters who backed Labor early, but on top of that we obviously have a massive payout on the Coalition which will be at least three times that figure," Sportsbet spokesman Richard Hummerston told"Seventy per cent of the cash staked before the early payout had come for Labor, our punters had called the election early. We thought we’d simply give them their cash early.

TAB’s Gerard Daffy said the betting turnover on the total result was a record for a federal election while there was also strong interest in individual seats particularly Warringah. He also acknowledged that betting houses have had a rough run on picking political winners in recent times.

Source: News Formal (newsformal.com)

 

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😂😂😂😂😂🖕🖕🖕🖕

Someone has just lost their job

Don't worry, Sportsbet will get it all back tomorrow from the sucker gamblers out there.

Handing out free money Sounds like the Labor party!

Gambling again Sportsbet....? 😳

And the matter is over, is it?

Whoever made that decision at Sportsbet should lose their job.

Prior to the election they said they couldn’t take a bet on Liberals and everyone they paid out were reinvesting on Labor they just talk shit for publicity

It wasn't a bungle. It was a carefully calculated marketing campaign. $5.2m is a piss in the ocean compared to what they make. And will make by encouraging more betting.

The house always wins. Simple.

Best thing to come out of the election

They wiĺl still be there tommrow to take bets so cannot feel sorry for them

tough I knew 6months ago labor will lose but was told to keep my mouth shut as I'm the worlds best medium

🤣🤣🤣

What a crying shame for a betting agency to lose money.

Pay em out early 😂😂

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