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Why are Paddy Power paying out on Utd so early?

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  • 06-03-2009 10:20am
    #1
    dinneenp
    Registered Users Posts: 8,133 ✭✭✭


    Hi,
    PP have paid out on Utd doing the domestic treble a few weeks ago. They're still 7/4 (general) for the FA Cup, the Carling Cup wasn't a guarantee, the league is wrapped out.

    But why would they pay out when it's not a banker- if it's just for publicity is it worth it?

    Cheers,
    pa.


Comments

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    #2
    Bluetonic
    Registered Users Posts: 7,588 ✭✭✭Bluetonic


    Marketing.


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    #3
    paddyb125
    Registered Users Posts: 255 ✭✭paddyb125


    Yeah publicity...they paid out on stoke being relegated only a few weeks after the season started!


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    #4
    Dubliner28
    Registered Users Posts: 1,785 ✭✭✭Dubliner28


    Dont think they'll win the FA Cup


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    #5
    ArmCandyBaby
    Closed Accounts Posts: 201 ✭✭ArmCandyBaby


    I'd say its because the don't like having a lot of their punters money wrapped up in long term bets like this which they have a decent chance of winning. It could be more profitable for them to pay out their winnings now and let them lose it all back while the season is still on and they can bet away happily on something that they are familiar with. Otherwise the punter gets paid at the end of the season and can't gamble it away! :eek:


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    #6
    Bobeagleburger
    Registered Users Posts: 45,417 ✭✭✭✭Bobeagleburger


    PR stunt


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    #7
    5starpool
    Subscribers Posts: 32,855 ✭✭✭✭5starpool


    They obviously worked out their liabaility for existing bets against the PR gain and decided that it was worth it. They do something like this regularly enough to get some mainstream media publicity.


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    #8
    opr
    Registered Users Posts: 8,267 ✭✭✭opr


    It also gets the money back into peoples accounts and thus back in circulation for them to lose.

    Opr


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    #9
    Browney7
    Registered Users Posts: 3,100 ✭✭✭Browney7


    Money for people to blow at Cheltenham!!


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    #10
    Bluezar
    Registered Users Posts: 424 ✭✭Bluezar


    They paid it out because the cost of them paying out the bets was worth it for the publicity the company gained in the media


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    #11
    jkmanc1974
    Registered Users Posts: 784 ✭✭✭jkmanc1974


    Indeed a publicity stunt(a la so many others in the last couple of years), does get them huge publicity though, and they are planning to blast into the UK market in the next year or so......

    Brgds
    Johnny


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