Bookmaker suspends betting on PD leadership race

At 4pm, today Irish bookmaker Paddy Power suspended betting on the Progressive Democrats leadership race.

At that time, Michael McDowell was priced at 1/33 on with the bookmaker to succeed Mary Harney.

“It’s beyond doubt the biggest gamble since Munster won the Heineken Cup earlier this year,” said Ken Robertson of Paddy Power.

“Those shrewd punters who backed Michael McDowell at 2/1 yesterday and early this morning must be counting their money, which we estimate at a figure approaching €30,000.

“Needless to say the genius in Paddy Power who came up with those odds is now making the tea.”