Calling it a “result that stunned the world,” Paddy Power—the largest bookmaker in Ireland—refunded all bets placed on Manny Pacquiao to beat Timothy Bradley after Saturday night’s controversial (and possibly corrupt) fight that had fellow bookmakers going on Twitter rants.
From Paddy Power’s blog post:
Last night in Las Vegas the brilliant Filipino Manny Pacquiao lost his WBO welterweight belt to Timothy Bradley in a controversial split-decision defeat.
With that Paddy Power has rolled out one of our famous Justice Payouts. If you had placed a bet on Manny to win in a pre-fight outright or on points, that money is now back in your account. We Hear You!
There’s no telling what the true motivation is behind this move. Perhaps Paddy Power didn’t even take that much handle on Pacquiao in the first place, so they saw this as a prime opportunity to gather some positive press at not too great a cost. Perhaps they made good money on the fight, and they chalked this up as advertising costs.
It’s really impossible to know for sure.
Nevertheless, it’s just the latest story in how the gambling world is reacting to one of the more absurd situations we’ve seen in quite some time.