Obama Costs Irish Bookie $75,000

DUBLIN, January 7 /PRNewswire/ -- Ireland's largest bookmaker, Paddy Power, are today claiming that the Democratic Nomination race is well and truly over and are already paying out on Barack Obama to be the successful Democratic nominee.

The early payout signals a massive EUR50,000 ($75,000) payday to lucky punters who backed Obama over the recent number of weeks at various odds ranging from 4/1 to 4/9.

The unexpected decision by the Irish bookmaking firm comes almost a week after the Iowa primary election and just a day before the New Hampshire primary election where Barack is now the odds on favourite at 1/12 to demolish his Democratic rival Hillary Clinton.

Paddy Power, said: "From a betting point of view we reckon that it's game over for Hillary. With each passing day Obama is looking more like a certainty to get the Democratic vote and as far as we're concerned he's already past the post. So well done to all who backed him, your winnings await!"

Barack Obama has also overtaken Hillary Clinton for the first time in the betting to become the next US President. Paddy Power now make him the odds on favourite at 10/11 to become the first African-American President over Hillary Clinton who has now drifted to an incredible 5/2.

LATEST 2008 U.S. PRESIDENTIAL ELECTION BETTING

http://www.electionbetting.com New Hampshire Democratic Primary 1/20 Barack Obama 7/1 Hillary Clinton 40/1 John Edwards 150/1 Any Other Democratic candidate New Hampshire Republican Primary 1/14 John McCain 6/1 Mitt Romney 16/1 Any Other Michigan Democratic Primary 4/7 Hillary Clinton 5/4 Barack Obama 14/1 John Edwards 40/1 Any other Democratic candidate Michigan Republican Primary 6/4 John McCain 2/1 Mitt Romney 9/4 Rudy Giuliani 7/2 Mike Huckabee 33/1 Any other Republican candidate Florida Democratic Primary 8/13 Hillary Clinton 11/10 Barack Obama 22/1 John Edwards Democratic Nominee for President 2008 4/9 Barack Obama 13/8 Hillary Clinton 14/1 John Edwards 25/1 Al Gore 100/1 Evan Bayh 100/1 Bill Richardson 100/1 Tom Daschle Republican Nominee for President 2008 11/8 John McCain 5/2 Rudolph Giuliani 7/2 Mike Huckabee 4/1 Mitt Romney 12/1 Ron Paul 25/1 Fred Thompson 125/1 Sam Brownback Next President? 10/11 Barack Obama 5/2 Hillary Clinton 11/2 John McCain 10/1 Rudolph Giuliani 11/1 Mike Huckabee 14/1 Mitt Romney 25/1 Ron Paul 25/1 John Edwards 33/1 Al Gore 50/1 Fred Thompson 125/1 Bill Richardson 125/1 Tom Daschle 125/1 Evan Bayh Winning Party 2/5 Democrats 7/4 Republicans Name the final two candidates to contest the 2008 US Presidential Election 5/2 Obama v McCain 4/1 Obama v Giuliani 5/1 Clinton v McCain 11/2 Obama v Huckabee 6/1 Obama v Romney 8/1 Clinton v Giuliani 10/1 Clinton v Huckabee 12/1 Clinton v Romney 16/1 Obama v Paul 33/1 Clinton v Paul 33/1 Obama v Thompson 33/1 Edwards v McCain 50/1 Edwards v Giuliani 66/1 Clinton v Thompson 66/1 Edwards v Romney 66/1 Edwards v Huckabee 150/1 Obama v Brownback 180/1 Edwards v Paul 300/1 Clinton v Brownback 350/1 Edwards v Thompson 1000/1 Edwards v Brownback

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