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Australian bookmakers refuse to pay out on Obama win
Two of Australia's largest bookmakers are refusing to pay out on bets that Barack Obama would win the US presidential election, citing fears he could be assassinated before his inauguration, a report said Saturday.
- AP
- Published: 08:35 November 8, 2008
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Sydney: Two of Australia's largest bookmakers are refusing to pay out on bets that Barack Obama would win the US presidential election, citing fears he could be assassinated before his inauguration, a report said Saturday.
The two bookmakers, Sportsbet and Centrebet, told the Sydney Morning Herald they would not pay out on the bets until the first African-American US president takes office in January.
A spokesman for Centrebet told the paper it was a matter of policy.
The Herald said its story was prompted by a punter who said a senior official at Sportsbet had refused to pay out on a bet citing assassination fears.
Sportsbet chief executive Matt Tripp denied this was the company's main concern.
"God forbid he has a stroke or gets hit by a bus," Tripp told the paper. "I love the bloke. I want to pay out on him. I think he is good for America and good for the world."
Irish bookmaker Paddy Power was so sure of the election outcome that it paid out Obama-backers in October.
Other Australian bookmakers have paid out on Obama's victory, the Herald said.
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