Paddy Power Hit for $1.3 Million on Manchester United Upset

This story was published more than 1 year ago.

Bookmaker Paddy Power is on the hook for paying out $1.3 million worth of bets after Manchester United recently rallied to beat Paris Saint-Germain on away goals in the Champions League.

Manchester United had trailed PSG 2-0 after losing the first leg in March at Old Trafford. Despite leading 2-1 away to PSG in the second leg, the tie was about to go PSG's way when the referee made a controversial handball call deep into injury time that granted Manchester United a penalty kick. Forward Marcus Rashford scored from the penalty spot, allowing the club to advance to the next leg of the Champions League on the away goals rule after the tie finished 3-3 on aggregate.

The result ended up costing Paddy Power a lot. The odds were against Manchester advancing to the next leg after struggling in the first leg, but punters backed the team, which is among the most popular in the world. This ended up coming to bite Paddy Power, as they were suddenly on the hook for $1.3 million in winning bets. Paddy Power's sportsbetting operations have struggled this year, as punters have been getting lucky and the book's haul hasn't been as lucrative as in years past.

Things aren't all doom and gloom for the group, though. Casino game sales were up 26% in the last reporting period thanks to strong demand in Europe as well as the United States. Needless to say, we think Paddy can stomach the impact of a last-second loss more than most gamblers.

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About the author

Therese Williams // UK Correspondent
Therese Williams
Therese is a fervent fan of slot machines and pub fruities, often trying her luck at some of the top online casinos. She covers news for Casino Listings with a focus on the UK and Europe. Therese studied arts and creative writing at university and has written for newspapers in the UK.
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bgsharpe
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6 May 2019 - 6:40pm
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Can't believe that many punters have backed United in that PSG away game..but the French side has a history of repeating failures in the tournament after a good first leg scores so I guess the players have been aware of that and took an advantage, well done to those.

Wouldn't be to bothered about Paddy's yearly's financial results though...they will find another even to benefit from surely as bookies usually does.