Monday, January 18, 2010

Irish bookie pays off Brown Senate bets early


I'd be willing to bet that my fellow Paddys are dead wrong.

BOSTON --With 24 hours to go before Massachusetts' special election for a U.S. Senate seat, an Irish bookie already has paid off bettors who wagered that state Sen. Scott Brown, a conservative Republican, would win the seat held for nearly 50 years by liberal Democratic icon Edward M. Kennedy.

Enough is enough. It seems that Senator Brown just has to get out of bed tomorrow to win convincingly. As far as were concerned, this race is well and truly over," said Paddy Power, Irelands largest bookmaker.

Before shutting down the betting, Mr. Brown had gone from 5-4 odds to 1-5 (meaning if a bettors put down $5, they only stood to make $1 if Mr. Brown wins). The odds against his opponent -- Democrat Martha Coakley, the state's attorney general -- soared, from 4-7 to win to 3-1 to lose.

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