Why Do Bookmakers Pay Out Early?

Why Do Bookmakers Pay Out Early?

why do some bookmakers pay out earlyTraditionally, even the most popular bookmakers are not always known for their generosity. So it does seem strange when you see them giving out money before they have to.

However, in recent years there have been several high profile instances of bookies paying out early. Sometimes it can cost them dearly. So why do they do this, and will it happen again in future?

When Have Bookies Paid Out Early?

Recently, Paddy Power have been in the news for paying out early on two big political bets. In March 2016, they paid out on Donald Trump winning the Republican party nomination before the result was announced. Of course, Trump went on to secure the nomination, but punters got their profits early.

However, later that year Paddy Power scored a spectacular fail. In October they also paid out early on Hillary Clinton winning the presidency. Clinton was the overwhelming favourite at the time. But we all know what happened there, and Paddy Power ended up having to pay out twice on the same market as Trump scored an unexpected election victory.

This was a very expensive mistake for Paddy, costing them around £800,000! It shows that paying out early is not always the smart move.

So Why Do They Do It?

As well as the examples above, there have been several times over the years when Paddy or other major bookies have paid out early. They will generally only do this when they are fairly certain of the result, although as you can see they can sometimes get it wrong. But what’s in it for them? There are two main advantages.

Good Publicity

The main reason why bookmakers pay out early is for publicity. Although it can be very expensive when they get it wrong, they still gain a lot of media exposure. If they get it right, they still get the same exposure but it doesn’t cost them anything.

Stop Taking Bets

Another reason for paying out early is that it allows the bookie to stop taking bets. They won’t always want to do this of course, but sometimes if they are really sure of the result, they might not want any more bets on the favourite.

If they simply refused to take any more bets, people would complain and this would be bad publicity for them. But if they said the market was already settled, people would applaud them for being generous to the punters who had already placed their bet.

So that’s why bookies sometimes choose to pay out early. If it happens to you, then congratulations! But considering that they don’t always predict the right result, maybe you should consider investing some of your winnings on betting on the other outcome as well. That way you can easily win the same bet twice!

Advertising Disclosure
At WhichBookie we bring you the best content and offers every day, please be aware that we do collect compensation from some of the links on this page.

Top New Bookmakers

TheOnlineCasino
https://www.whichbookie.co.uk/bookmakers/theonlinecasino/ ★★★★★
Read Review
Visit
BetDukes
https://www.whichbookie.co.uk/bookmakers/betdukes-review/ ☆☆☆☆☆
Read Review
Visit
BritainBet
https://www.whichbookie.co.uk/bookmakers/britainbet/ ★★★★★
Read Review
Visit
MonsterCasino
https://www.whichbookie.co.uk/bookmakers/monstercasino/ ☆☆☆☆☆
Read Review
Visit
LiveScore Bet
https://www.whichbookie.co.uk/bookmakers/livescore-bet-review/ ★★★★☆
Read Review
Visit
LuckLand
https://www.whichbookie.co.uk/bookmakers/luckland/ ★★★★★
Read Review
Visit
LV BET
https://www.whichbookie.co.uk/bookmakers/lv-bet-review/ ★★★★★
Read Review
Visit
BetStorm
https://www.whichbookie.co.uk/bookmakers/betstorm/ ★★★★☆
Read Review
Visit
Tebwin
https://www.whichbookie.co.uk/bookmakers/tebwin/ ★★★★☆
Read Review
Visit

Top Offers

BritainBet Free Bet Sign Up Offer & Bonus Code
Visit
LuckLand Free Bet Sign Up Offer & Bonus Code
Visit
Bet365 Free Bet Sign Up Offer & Bonus Code
Visit
Betfair No Deposit Free Spins
Visit
888Casino No Deposit Bonus
Visit
Correct Score Predictions
Read

Free correct score predictions for football matches. Get correct score tips for the Premier League, Championship, La Liga, Champions League and more.

Date published: June 27, 2022

Top Rated Bookmakers

Spreadex
https://www.whichbookie.co.uk/bookmakers/spreadex-review/ ★★★★★
Read Review
Visit
Bet365
https://www.whichbookie.co.uk/bookmakers/bet365-review/ ★★★★★
Read Review
Visit
Betfred
https://www.whichbookie.co.uk/bookmakers/betfred-review/ ★★★★★
Read Review
Visit
888Sport
https://www.whichbookie.co.uk/bookmakers/888sport-review/ ★★★★★
Read Review
Visit
LiveScore Bet
https://www.whichbookie.co.uk/bookmakers/livescore-bet-review/ ★★★★☆
Read Review
Visit
William Hill
https://www.whichbookie.co.uk/bookmakers/william-hill-review/ ★★★★☆
Read Review
Visit
Betfair
https://www.whichbookie.co.uk/bookmakers/betfair-review/ ★★★★★
Read Review
Visit
Paddy Power
https://www.whichbookie.co.uk/bookmakers/paddy-power-review/ ★★★★☆
Read Review
Visit
10bet
https://www.whichbookie.co.uk/bookmakers/10bet-review/ ★★★★☆
Read Review
Visit
BetStorm
https://www.whichbookie.co.uk/bookmakers/betstorm/ ★★★★☆
Read Review
Visit
Football Accumulators
Read

100% Free accumulator tips for football matches in the English Premier League, Championship, La Liga, Bundesliga, Champions League and more.

Date published: June 27, 2022
Lucky 15 Tips
Read

Here you’ll find the Lucky 15 horse racing tips from WhichBookie expert racing analysts. All of the tips published here on WhichBookie are 100% free along with the use of our Lucky 15 Calculator that can be found further down the page.

Date published: June 27, 2022
Newsboy Tips
Read
Newsboy
Do Ya Feel Lucky
Win
2/1

Today's Newsboy tips. Horse racing tips for today, tomorrow, Saturday and all of the major meetings from The Daily Mirror's Dave Yates, AKA Newsboy.

Date published: June 27, 2022

Best Football Bookies

Bet365
https://www.whichbookie.co.uk/bookmakers/bet365-review/ ★★★★★
Read Review
Visit
888Sport
https://www.whichbookie.co.uk/bookmakers/888sport-review/ ★★★★★
Read Review
Visit
Betfair
https://www.whichbookie.co.uk/bookmakers/betfair-review/ ★★★★★
Read Review
Visit
Betfred
https://www.whichbookie.co.uk/bookmakers/betfred-review/ ★★★★★
Read Review
Visit
10bet
https://www.whichbookie.co.uk/bookmakers/10bet-review/ ★★★★☆
Read Review
Visit

Best Racing Bookies

Bet365
https://www.whichbookie.co.uk/bookmakers/bet365-review/ ★★★★★
Read Review
Visit
Betfred
https://www.whichbookie.co.uk/bookmakers/betfred-review/ ★★★★★
Read Review
Visit
William Hill
https://www.whichbookie.co.uk/bookmakers/william-hill-review/ ★★★★☆
Read Review
Visit
Betfair
https://www.whichbookie.co.uk/bookmakers/betfair-review/ ★★★★★
Read Review
Visit
888Sport
https://www.whichbookie.co.uk/bookmakers/888sport-review/ ★★★★★
Read Review
Visit