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Paddy Powers almost stung big style. - Peoples Republic Of Cork Discussion Forums

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Old 08-09-2005, 07:06 AM
markinmanc markinmanc is offline
Join Date: Mar 2003
Location: away from here for a bit
Posts: 13,684
Default Paddy Powers almost stung big style.

BOOKIE Paddy Power was the target of a major gambling coup on the World Cup qualifying match between Kazakhstan and Greece yesterday.

In the hours before the kick-off, punters from over 10 European countries opened accounts with the bookmaker to wager on the low-profile match, which would normally have attracted only a handful of bets.

And there were fears last night that leading British bookmakers who operate online betting services may also have been stung.

The alarm bells at Paddy Power headquarters started ringing when the mystery punters all opened credit card accounts. They bet on the match being drawn at half-time, with Greece to win at full-time at 5/1 odds. They also bet on Greece to win the match 2-1 at 12/1 odds.

The odds were slashed to 3/1 and 7/1 respectively before betting was suspended.

The match was scoreless at half time. Then Kazakhstan, who are bottom of Group Two with no points from nine games, took the lead. Greece equalised and then scored the winner in the dying moments.

It is believed Power paid out around €20,000 in winning bets but could have been hit harder "if we hadn't copped it early".
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