The controversial Irish bookmaker Paddy Power is certain President Obama is a lock for another four years in the White House. How certain? With over 24 hours remaining before an official winner is declared, the company is already paying out over $800,000 to the gamblers who picked Obama over Romney.
Known for its headline-grabbing gimmicks, Paddy Power announced the move in a half-page ad that ran in today's Irish Times and the Times of London. Not very surprising coming from the bookie that temporarily changed its name to "O'Bama Power" last year, but the early payout and the provocative ad still bothered a few people.
A spokesperson for the company defended the decision, saying "Romney gave it a good shot and is doing well in the popular vote, but we suspect he's had his moment in the sun and is likely to be remembered more for his legendary gaffes than presidential potential."
He continued: "The overall betting trend has shown one way traffic for Obama and punters seemed to have called it 100 percent correct. Despite Romney appealing to the large evangelical and senior vote, America's sticking with black and cool."