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Subject: Paddy Power Pays Out on Clinton rss

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Tom McVey
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...the major bookie in the U.K. already paying out on a Clinton win.
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Adam Alleman
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Thank god we're not heading to the circles of hell with the orange groper.
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Eddy Richards
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I've never understood why bookies pay out in advance of the result of an event, regardless of if they think it's a certainty or not. Why don't they just hang on to their cash for another few weeks and then pay the same people?
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David Dearlove
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Ed_the_Red wrote:
I've never understood why bookies pay out in advance of the result of an event, regardless of if they think it's a certainty or not. Why don't they just hang on to their cash for another few weeks and then pay the same people?

Free publicity
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Tom McVey
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DavidDearlove wrote:
Ed_the_Red wrote:
I've never understood why bookies pay out in advance of the result of an event, regardless of if they think it's a certainty or not. Why don't they just hang on to their cash for another few weeks and then pay the same people?

Free publicity


What David said. Political bets are a tiny part of a bookie's market, and grabbing a headline is well worth it to get more punters on the sports markets.
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Walking on eggshells is not my style
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http://www.bloomberg.com/news/articles/2016-11-02/91-percent...
 
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Conor Hickey
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Ed_the_Red wrote:
I've never understood why bookies pay out in advance of the result of an event, regardless of if they think it's a certainty or not. Why don't they just hang on to their cash for another few weeks and then pay the same people?


Paddy Power are infamous for publicity stunts, it's a regular with them.
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Tom McVey
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Koldfoot wrote:


28% implicit win chance seems high. It's about where Nate Silver is, but Silver's probabilities have been a lot more volatile than other poll data crunchers like Linzer and Wang.
 
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