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Gambling: Paddy Power Expensive Mistake

The Star Tribune reports that Irish bookmaking firm Paddy Power was so certain Tiger Woods would win the PGA Championship that it paid out $2.1 million in winnings to betters on the American golfing ace before he teed off in Saturday's third round.
Woods' four-shot lead prompted the bookie to try the strategy, but the winner - South Korea's Y.E. Yang, surprised them all in taking the title.

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"It takes a special kind of dimwit to turn what should have been our best-ever golf result into our worst,'' the firm said in a news release Sunday night. "Paddy Power punters are obviously the big winners here and have made like bandits getting paid out on Tiger as a winner.''
Those who favored Yang made out even better. His pre-tournament odds with Paddy Power were 150-1, and he was 16-1 going into Sunday's final round. The little-known 37-year-old Korean player became the only Asian golfer to win a major by outduelling Tiger Woods in dramatic fashion.
Yang's 2-under-par 70 beat the 'unbeatable' front-runner in the 91st PGA Championship on Sunday at Hazeltine National. Not since Jack Fleck beat Ben Hogan in the 1955 U.S. Open has a mere mortal chopped down a golf god the way Yong-Eun Yang did Tiger Woods. Yang's 8-under 280 beat Woods (75) by three shots.
Woods started this great day leading Yang and Padraig Harrington by two shots. And since he was 14-0 in majors and 36-1 overall with a 54-hole lead, it was assumed he would win his first major of the year, the 15th of his career and a record-tying fifth PGA Championship.
"This was just a bad day at the wrong time," Woods said. "That's the way it goes."
Yang entered the tournament as the 110th-ranked golfer in the world with one PGA Tour victory, this year's Honda Classic to his credit. Woods has 70, which ranks behind only Jack Nicklaus (73) and Sam Snead (82). And Woods had won at least one major each year since 2004.

Gambling News :

$700K worth of Power Series Mega Sats every week - These amazing Power Series Mega Sats hit the partypoker lobby on Sunday 25th March so log in, buy-in and see if you can win one of the near $700,000 worth of tickets on offer this week.

Pinnacle Goes Live With Microgaming Quickfire - Founded in 1998, Pinnacle is a respected industry leader, delivering sports betting, casino and educational betting-related content to customers worldwide.

PokerLion Joins Microgaming Poker Network - PokerLion roars into life on the MPNís Indian Poker Network. Microgaming welcomes PokerLion to the MPNís growing Indian Poker Network.

Danske Spil Bingo Moves to Microgaming - The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.

Quickfire live on Strendus - Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.

$2 Million Added to partypoker Guarantees - Almost $2 Million Added to Guarantees During First Ever Super Sunday

Quickfire content live on BetatHome - Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.

Microgaming has donated £30,000 between four charities - Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.

Entertainment Betting Odds: 90th Academy Awards - The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.

New era of poker in Baltics with The Kings of Tallinn - The Main Event at the festival has already attracted big names like Juha Helppi and Kimmo Kurko. These two are Finlandís all-time poker tournament winners.

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