Tiger Woods has been putting smiles on golf lovers faces for over five years, but this wasn’t the case at the PGA Championship last Sunday. As upset as Tiger was, it was nothing compared to the operators over at Paddy Power. Mr. Power himself was oozing with disgust over Tiger’s loss. Paddy Power is the director of communications, for the Irish bookmaker that shares his name. Mr. Paddy had to watch the last round of the PGA at the Hazelnut National Golf Club from the restroom because he was that sick to his stomach. “I had to,” Mr. Power laughed as he talked to Casino City on Thursday. “I was as sick as a parrot.”
As with good reason, with all the people that had bet on Tiger to win the championship, Mr. Power, was quickly made quite powerless, as he owed an enormous amount of money. Being the bookie is not all fame and glory. Tiger lost to a no-name Korean, Y.E Yang, who cost Power $1.25 million. Paddy made the hardest decision of his life to pay off all his betters all at once Friday night, before the game was even over.
“It’s something we like to do from time to time to prove to our punters that we’re willing to take a chance too,” he said. “Our bettors take a chance every day when they place a bet. We like to show that we’re not afraid to gamble either. And we’re usually right more often than we’re wrong.”
Power would definitely take wagers for Tiger again, as he has faith. Even though this last loss cost his company more that it had ever lost before. “Chances are that if Tiger is in that position again, he’s going to win,” Power said. “Would we be stupid enough to do it again? Probably. Watch this space. It could happen.”
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