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Australian wagering business pays out for incorrect outcome
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An Australian wagering company has actually paid out for the incorrect result in the country's .

Sportsbet gave out more than A$ 1m (₤ 540,000) to those who believed that the opposition Labor Party would win, 2 days before Saturday's vote.

Polls had extensively anticipated a Labor win for the first time in 6 years.

But with the majority of the votes counted, Prime Minister Scott Morrison, a conservative, is forecasted to win a shock bulk.

the yohaig code wagering business told its fans that it has now also paid out money to those who predicted that Scott Morrison's Liberal-National would win.

As the results was available in, Sportsbet required to social networks to share the mistake.

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Sportsbet spokesperson Richard Hummerston told the yohaig code Sydney Morning Herald paper: "Seventy percent of the money staked before the early payment had actually come for Labor, our punters called the election early.

" We believed we 'd just provide their money early."

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Bookmakers typically pay out early if they are particular of the result. In some cases where they are sure of the outcome, they pay out to prevent more people placing on bets.

It's not the very first time a bookmaker has paid out early.

Paddy Power, an Irish bookmaker, paid on a Hillary Clinton win the month before the November 2016 elections.
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It stated it paid $1m (₤ 786,290) early to those who wager on Clinton and $4.5 m to those who wager on Donald Trump.

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