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Bookies call the election: Clinton wins, they say

 (Darren McCollester / Getty Images)
(Darren McCollester / Getty Images)

Maybe the election really is rigged: The bookmakers have started to call it over and pay off the bettors.

Paddy Power, the big Irish bookmaking house, announced Tuesday that it was closing its book on the U.S. presidential election and paying off bettors who placed wagers on Hillary Clinton to win. The firm will pay out slightly more than $1 million, it said in a blog post.

The bookmaker decided to pay off the bets after the chances of a Clinton victory rose to nearly 85%. 

"Trump gave it a hell of a shot going from a rank outsider to the Republican candidate, but the recent flood of revelations have halted his momentum and his chances now look as patchy as his tan," a representative of the firm, Féilim Mac An Iomaire, said in a statement.

Four years ago, Paddy Power closed the book two days before President Obama's reelection. That year, they paid out about $700,000.

But, the firm noted, its early calls have sometimes proved wrong: In 2009, it prematurely called Tiger Woods to win the PGA championship, but he lost to Y.E. Yang, who started the day a 20-1 underdog.

If the bookmaker is wrong this time, and ends up having to pay off bettors who wagered on Trump, it will have "some very expensive pie on its face," the statement said.  

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