*Update: November 9, 8.15am* D’oh! A bleary-eyed Paddy Power is stumbling around the Dublin office this morning confused, concerned and most importantly, skint! Donald Trump was elected the 45th President of the United States last night, costing Paddy a massive $4.5m in the betting. The Donald was hit with controversy after controversy in the run-up to the election, and the gaffer was fairly confident of a Hillary win. So much so that we paid out $1 million early to punters who backed Clinton – you can read more of that below. But now we’ve been Trumped! A late FBI investigation dealt Hillary’s campaign a blow, and now Paddy Power has some very expensive political egg on his face. You can read more about Paddy Power’s biggest political payout in history right here

The story of how we originally paid out on Clinton is below

With national polls showing a healthy lead for the Democratic candidate and Donald Trump’s campaign running into scandal after scandal, Paddy Power believes it’s a done deal and that Hillary is a nailed-on certainty to occupy the Oval Office. The Donald had seen his initial odds of 100/1 (November 2012-June 2015) freefall to as short as 13/8 (May 2016) at one point but recent revelations have halted his momentum and caused his chances of victory to plummet like the value of sterling, resulting in chunky odds of 9/2 (representing a 18.2 per cent chance of winning, as of October 20). Get stuck into the latest US Election betting over on PaddyPower.com

Read the story of the betting with our in-depth look at Trump vs Clinton

The gutsy call sees one of Europe’s largest betting companies put their neck on the line for over $1,000,000. Prior to paying out, the former First Lady’s odds fell to a low 2/11 (84.6 per cent chance of winning) and over the past week Paddy Power have seen a flood of money on Clinton. A Paddy Power spokesperson said: “Trump gave it a hell of a shot going from a rank outsider to the Republican candidate but the recent flood of revelations have halted his momentum and his chances now look as patchy as his tan. Recent betting trends have shown one way traffic for Hillary and punters seemed to have called it 100 per cent correct. Despite Trump’s Make America Great Again message appealing to many disillusioned voters, it looks as though America are going to put a woman in the White House.”