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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.

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Gambling News :

Yggdrasil Gaming Expanding - The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.

FanDuel and DraftKings Settle With NY Attorney General - Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.

Stan james Now Live With EPOS - The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.

Singapore Online Gambling Ban Begins - Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.

Chinese police action against Crown Resorts Widens - In addition to the 18 Crown employees still held after their arrest last week, it now appears that the police questioned 87 Crown punters and junket organizers, detaining 10 of the latter.

Pennsylvania Online Gambling Updates - Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.

WSOPE In Czech Republic - World Series of Poker Europe 2017 has moved to Kings Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.

Medialivecasino in Deal With Microgame - #Medialivecasino live dealer games have already gone live with Microgame joining content from other well-known providers NetEnt and Evolution Gaming.

BtoBet Partners with AfroBet - Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.

Pissed off Tabcorp shareholders - A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.

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