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View Full Version : Paddy Power pay out early


CharlesBarkley
16th December 2008, 23:25
Just read that Paddy power have paid out to everyone who put money on a white christmas. Why do some bookies pay out early like this before the event has happened. If there is not a white christmas they will have lost money. Why not just slash the odds further?
Win2Win
16th December 2008, 23:47
Maybe Paddy will be running around the major cities on Xmas day and masturbating the snow out :ooo
mathare
17th December 2008, 10:21
It's a loss leader basically. Free advertising that easily offsets the cost of paying out early and history tells these bookies that the majority of punters who are paid out early reinvest their payout so the bookies actually take back a fair portion of the payout.
bigcumba
17th December 2008, 10:43
Yep, most will reinvest in something a bit more realistic, like the second coming, or the USA finding Bin Laden.... or Arsenal winning the premiership this year.... :wink
ozgooner
17th December 2008, 14:07
Yep, most will reinvest in something a bit more realistic, like the second coming, or the USA finding Bin Laden.... or Arsenal winning the premiership this year.... :wink

:anger

I have not posted all year until now...
bigcumba
17th December 2008, 14:46
:anger

I have not posted all year until now...

It had to take a bit of class to get you posting then? :wink As a Scotsman I'm pretty much neutral about the Premiership, so that was tongue in cheek... wouldn't want to spoil your Christmas down under mate! :thumbs
wb
17th December 2008, 23:26
Also, some people will think that a white Christmas is now a sure thing (since PP payed out on it) and will 'get on'. To be honest, it's unlikely that there will be snow at Christmas, certainly not at Dublin airport anyway where the bet is measured in Ireland. Not sure where it's measured in the UK, but there has to be at least an inch of snow for the bet to be successful.

I seen loads of paddypower articles and photos in the paper about him paying out. They wouldn't have had any massive bets on that and to advertise conventionally would probably have cost more.
mathare
17th December 2008, 23:44
In the UK you can bet on a white christmas in a given city and the local met office just have to record one flake of snow for it to count as far as I am aware