Irish bookmaker Paddy Power has suffered a great financial loss due to Donald Trump’s shock win and early payouts on Hillary Clinton victory bets. Paddy Power paid out $1.1m early to players who had backed Hillary Clinton to win the US election; after Donald Trump’s victory, the company has been also forced to pay over $4.5m to customers who backed the Republican presidential candidate.

“We decided to put our neck on the line by paying out early on Hillary Clinton, but boy did we get it wrong. We’ve been well and truly thumped by Trump with his victory leaving us with the biggest political payout in the company’s history and some very, very expensive egg on our faces,” Paddy Power spokesman Feilim Mac An Iomaire said.

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