Paddy Power pays out on Obama victory

The bookmaker is pretty certain of the outcome.

Paddy Power, the Irish bookmaker, has paid out on all bets that Barack Obama will win the US presidental election a day early, claiming that Obama is "a nailed-on certainty" to win a second term.

The move is part publicity stunt, part business move, and part a betting company taking a bet on the election – to the stake of $650,000, according to a press release from Paddy Power.

The publicity stunt aspect is pretty obvious – you're reading this story, after all – but the business move is slightly more interesting. Paddy Power, as with any betting company which pays out early, hopes punters will re-invest their winnings in a more uncertain bet on the election. The bookmaker is pushing the idea that the margin of victory is a fun bet to take part in, and it's certainly one where you could win more money: the odds of an Obama victory bottomed out at just 2/9, while if you follow Jim Cramer's prediction of a gigantic Obama victory, you could get 25/1.

And as for the bet on the election – well, Paddy Power will be pretty annoyed if they've called it wrong and have to pay out on Romney as well.

Paddy Power in 2011, when the company changed its name to celebrate Obama's visit to Ireland. Photograph: Getty Images

Alex Hern is a technology reporter for the Guardian. He was formerly staff writer at the New Statesman. You should follow Alex on Twitter.

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Must I unremember the day I wept over the long, slow suicide of a 27-year-old man?

At that time we did talk about the occupation of Ireland. Now we have to pretend we didn’t and it’s all the jolly UK and thank you, England for the peace process.

The misremembering of history interrupts these tales of my own squalid past. Very often I find myself wishing my memories were wrong, or that I’d forgotten more than I have. This would certainly be the case were I to be a politician, albeit a small-time one in big-time government. In the era of renunciations and sincere apologies, I would have to say sorry most of the time.

But I can’t. I can’t get past that clear day in May 1981, when the tangy cold spring air of a New York day got right inside me. Ambling home from another long, messy night in the Village, I was near 52nd when I saw people carrying a coffin.

“It’s not him, of course. It’s a fake coffin,” said a woman who saw the shock on my face. Maybe I was already crying. I knew and didn’t know but asked anyway.

“Yes. Bobby.”

Bobby Sands had died. Crowds were gathering with banners about Smashing Long Kesh and Smashing Thatcher.

The shock of it has never left me and God knows “martyrs” come two a penny now. Yet the idea that someone can starve themselves slowly to death for an idea is shocking. The idea that someone can let them do it, either “for” a United Ireland or “for” a United Kingdom, remains profoundly disturbing to me.

I need no lectures about what vile and murderous bastards the IRA were, or the numbers of innocents they killed. Nor about the smeary sentimentality of martyrdom itself. All I can say is that I had little idea of what “we” did in Ireland as long as I lived in England. A boy at school had run off to join the IRA. My mum said, “Well, he’s always been tapped, that one.”

We were kept ignorant. For some stupid reason, I did not think that Thatcher would let the hunger strikers die.

Their demands, remember, were the right not to wear prison uniform or to do prison work, rights to free association and education within the prison, one visit, one parcel, one letter a week. They wanted to be treated as political prisoners. Thatcher said Sands had no mandate. He was actually an MP, with more votes than she ever won in Finchley.

In New York that day, when we got to Third Avenue, there was anger and then solemnity. There were mumblings about what a death like that entailed . . . Mandela then instigated a hunger strike on Robben Island. There were protests in Milan and Ghent. French towns would name streets after Sands.

At that time, though, yes, we did talk about the occupation of Ireland. Now we have to pretend we didn’t and it’s all the jolly UK and thank you, England for the peace process.

So, must I unremember that day when I sat down on the pavement and wept over the long, slow suicide of a 27-year-old man? Let me know how to uncry all those tears shed for that terrible, terrible waste.

Suzanne Moore is a writer for the Guardian and the New Statesman. She writes the weekly “Telling Tales” column in the NS.

This article first appeared in the 01 October 2015 issue of the New Statesman, The Tory tide