True Pundit

Business Politics

Bookmaker loses $5M to gamblers who bet on Trump

An Irish bookmaker took a $5 million hit Wednesday, paying out a small fortune to gamblers who took a chance on Donald Trump.

In October, gambling site Paddy Power doled out nearly $1 million in bets on a Clinton victory after a series of embarrassing stories by Trump made the Democrat’s victory appear to be a sure thing.

Paddy Power made the payout in what was at the time seen in the bookmaking business as a wild – and now costly – PR stunt. – READ MORE