Australian Betting Company Pays out For Wrong Result Australian wagering company pays out for incorrect result Share close panel Share page Copy link About sharing An Australian betting business has paid for the incorrect lead to the country's elections. Sportsbet distributed more than A$ 1m (₤ 540,000) to those who thought that the opposition Labor Party would win, 2 days before Saturday's vote. Polls had commonly anticipated a Labor win for the very first time in six years. But with many of the votes counted, Prime Minister Scott Morrison, a conservative, is forecasted to win a shock bulk. The betting business told its followers that it has actually now also paid out money to those who forecasted that Scott Morrison's Liberal-National would win. As the results was available in, Sportsbet required to social media to share the oversight. Skip X post by Sportsbet.com.au End of X post by Sportsbet.com.au Sportsbet spokesperson Richard Hummerston informed the Sydney Morning Herald newspaper: "Seventy per cent of the cash staked before the early payment had come for Labor, our punters called the election early. " We believed we 'd simply offer them their cash early." This X post can not be displayed in your browser. Please allow Javascript or try a different browser.View initial content on X The BBC is not accountable for the material of external sites. Skip X post 2 by Sportsbet.com.au Allow X material? This post consists of material offered by X. We request your approval before anything is filled, as they might be using cookies and other technologies. You may wish to read X's cookie policy, external and privacy policy, external before accepting. To view this material choose 'accept and continue'. Accept and continue The BBC is not responsible for the content of external sites.