Bookie admits blunder after Yes payout

Bookmaker Paddypower has admitted it made a mistake, after paying out more than €80,000 in bets on a Yes vote in the Lisbon Treaty…

Bookmaker Paddypower has admitted it made a mistake, after paying out more than €80,000 in bets on a Yes vote in the Lisbon Treaty referendum.

As polls closed at last night, the bookmaker made a decision to pay out punters who had backed a Yes vote after unofficial exit polls indicated a late surge in support for the treaty.

The blunder means the bookmaker will be forced to pay out over €180,000 in referendum bets.

In a statement, Paddy Power said: "Last night, there were rumours of an exit poll showing the Yes side in the lead and all the late betting suggested a swing in support for the treaty."

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"It's an unlucky Friday 13th for Paddy Power but a lucky one for our punters," it added.

Eoin Burke-Kennedy

Eoin Burke-Kennedy

Eoin Burke-Kennedy is Economics Correspondent of The Irish Times