Less than 72-hours after releasing betting on the next automaker to issue a major recall, bookmaking company Paddy Power were forced to pay out yesterday on Honda after the car-making giant announced a widening of its recall due to potentially deadly air bags.
Honda were considered relative outsiders on the bookmakers list and were available at long odds of 16/1. Scores of shrewd punters took advantage of the bookies generous odds triggering a payout in excess of €7,000.
Paddy Power said “We didn’t expect another recall to follow so soon after Toyota’s announcement. That said, we obviously were caught napping and fully deserved to have our pants taken down. Needless to say we’ll be keeping a very close eye on this betting moving forward”
Paddy Power continue to take bets on the next car manufacturer to issue a major recall (without Toyota and Honda). Japan’s sixth largest automaker Mitsubishi Motors is now the bookies 4/1 favourite followed by Nissan at 6/1 and Daihatsu and Mazda at 8/1.
Next Car Company to recall?
4/1 Mitsubishi Motors
33/1 Alfa Romeo