Sportsbet’s costly error

Sportsbet’s costly error, by Brighette Ryan.

It has been an expensive federal election night for betting agency Sportsbet, which has had to pay out both Labor and Liberal punters.

On Thursday, the agency opted to pay out all bets on Labor, in a strong signal the race was already over. …

But tonight the Coalition clinched the victory, in a move few saw coming. …

The betting agency didn’t shy away from the awkward situation though, instead taking to social media to poke fun at itself.