Paddy Power gives odds on Obama's first cliché
Thursday 28 August 2008
The irreverent Irish bookie Paddy Power is offering odds on which cliché Barack Obama will use first when he makes his Democratic nomination speech in Denver tonight.
"Time for a change" and "God bless America" are among the favourites, priced at 10/1 and 12/1, but odds of 20/1 now look very short on the presidential hopeful uttering the phrase "a decent shot at life", coming days after four people were arrested in connection with an assassination plot against him.
Paddy Power likes to keep its punters amused, coming up with cheeky bets on events and issues normally given a wide berth by other bookies (for instance, is it likely Ladbrokes would give you 50/1 on Obama arriving on stage with his zipper undone?)
While Obama's speech provides a novelty one-off betting opportunity, Paddy Power's bread and butter comes from sporting events such as horse racing and football. The company was yesterday forced to issue a profit warning after admitting that results had not always gone its way during the first half. "That is the ebb and flow of bookmaking," said sheepish chief executive Patrick Kennedy.
The company was hit by a number of heavily backed winners by Irish horse trainer Aidan O'Brien, while customers also placed winning bets on popular Irish golfer Padraig Harrington, who scooped the British Open and the US PGA championship.
Paying out these punters wiped out some freak successes earlier, such as 14 names in the frame as the next Republic of Ireland football manager.
The company, which is also starting to feel the impact of the credit crunch as punters spend less on their wagers, now expects to make profits of €75m for the year (£62.5m) compared with its previous forecast of €82m (£68m). At the halfway stage, profits were 10 per cent higher, at €47m.
Broker Investec still thinks the shares, down by 5.3 per cent at €15.2 yesterday, are worth a punt.
- 2 Tunisia hotel attack: Locals form 'human shield' to protect hotel from gunman Seifeddine Rezgui
- 3 Russian officials ban yoga because it's too much like a religious cult
- 4 German ethics council calls for incest between siblings to be legalised by Government
- 5 Ginger Pride festival to take place next summer, organisers say 'time of bullying gingers is over'
Tunisia hotel attack: Locals form 'human shield' to protect hotel from gunman Seifeddine Rezgui
German ethics council calls for incest between siblings to be legalised by Government
People are American flagging their Facebook profile pictures in response to those rainbow flagging them
Ginger Pride festival to take place next summer, organisers say 'time of bullying gingers is over'
Historic meeting between Pope Francis and Russian Orthodox head 'getting closer'
The moment a Queen's Guard soldier lost it and drew his gun at annoying tourist
Greece crisis: The wider lesson is that it’s time to abandon this failed experiment in currencies
'I wish the BBC would stop calling it Islamic State' – David Cameron unleashes frustration at broadcaster
Pentagon accuses Russia of 'playing with fire' over nuclear threats towards Nato
They are neither a 'state' nor 'Islamic': Why we shouldn't call them Isis, Isil or IS
Tunisia beach attack: How can British Muslims respond to the latest outrages?
iJobs Money & Business
£40000 - £60000 per annum: Recruitment Genius: A Compliance Manager is require...
£22500 - £27000 per annum + OTE £45K: SThree: Since our inception in 1986, STh...
Negotiable: Recruitment Genius: This extremely successful and well-established...
Competitive with monthly bonus: Guru Careers: We are seeking an experienced FX...