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Warning for bookies after Trump surprise

More caution needed in modern world

The betting industry must adapt as global events become less predictable.

That's the view of an Island expert, in the wake of Donald Trump's shock US election victory last week.

Bookmakers Paddy Power hit the headlines when it awarded punters a double payout - after being so confident in rival Hillary Clinton that it paid her backers before the result was announced.

Warwick Barlett from Castletown-based Global Betting and Gaming Consultants says firms need to be more cautious in today's world:

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