Aussie bookie pays out on Tiger after two rounds

[Dunder]

Sportsbet have paid out on Tiger Woods winning the Australian Masters despite there still being 36 holes to play.

Paddy Power did something similar for the USPGA (which Woods went on to lose), which reportedly cost them GBP 1.2 million.

Good publicity, I suppose.

[TheBeautifulGame]

Dunno about sportsbet personally but Paddy Power do that quite often like when they paid out on MAN UTD winning the premier league half way through the season (man utd did win).

It's a marketing ploy which usually works. I'm sure they made back that 1.2 mill 10x due to there actions

[filbertstreet]

they haven't paid me yet

[chance]

He is tied with 2 others going into the last round

http://www.smh.com.au/articles/2009/11/14/1258043829543.html

Sportsbet need some good publicity after their site went down on Melbourne Cup day. They probably hope Tiger loses.

[sportsbetwin]

No surprise here - Paddy Power owns Sportsbet

[noyb]

since sportsbet (and paddy as well) only allow retards to place a decent bet in their sportsbook, paying out on something like this isn't a problem. they'll win it all back in the next three bets easy.

[HedgeHog]

If Tiger loses, can Sportsbet reverse position and take the money out of one's account. This would make for an interesting complaint for SBR to handle.

[Dunder]

If Tiger loses, can Sportsbet reverse position and take the money out of one's account. This would make for an interesting complaint for SBR to handle.

Purely hypothetically, I guess they could (at least for those who hadn´t withdrawn).
It won´t happen though. Understand their liability is around 125k Aussie Dollars.

[noyb]

If Tiger loses, can Sportsbet reverse position and take the money out of one's account. This would make for an interesting complaint for SBR to handle.

they won't. paddy paid out on lots of stuff that never happened in the past, it's all about marketing and getting the people on board that don't have a clue about betting, read this in their daily paper, and think: if it's that easy, i want in.

[thespeculator]

i think paddy also did that about a week before last years elections, i guess it get them in the news because i remember hearing it on cnn

[sportsbetwin]

Tiger won!

[Ace_of_Spades]

Paddy Power are a stupid bookmaker. They screw alot of things up.

[Santo]

They would probably have been hoping he lost, it would make them more publicity. The liability (about $150k AU) was small compared to the amount of publicity they got (and would have got more if he'd lost) worldwide.

[twister]

They would probably have been hoping he lost, it would make them more publicity. The liability (about $150k AU) was small compared to the amount of publicity they got (and would have got more if he'd lost) worldwide.

Yeah, PaddyPower do this quite often with liability up into the millions. The publicity more than makes up for it though.