
Today's example of incredible moronity is an Irish Gambling Booky. This particular booky, named Paddy Power, decided that the PGA Tournament was in the bag and that he might as well just pay off all the gamblers who bet on the worlds #1. In all he paid off around 2.12$ million dollars. The problem is, Tiger Woods didn't win. Y.E. Yang won, and thus he paid off $2.12 million dollars to losers. Money that should have been in his pocket.
This begs the question why would a bookmaker ever pay out anyone before the result is finalized? The answer? Apparently "they're dimwits".
Courtesy of Reuters
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