Paddy Power, Ireland's largest bookmaker claimed that the Democratic nomination race is over and Barack Obama is to be the successful nominee of the Democratic party.

In the early payout, a whopping $75,000 payday will go lucky bettors who backed Obama over the recent number of weeks at various odds ranging from 4/1 to 4/9.

Irish bookmaking firm's unexpected decision comes almost a week after the Iowa primary election and just a day before the New Hampshire primary election where Barack is the number one favorite at 1/12 to put down his Democratic close rival Hillary Clinton.

"From a betting point of view we reckon that it's game over for Hillary. With each passing day Obama is looking more like a certainty to get the Democratic vote and as far as we're concerned he's already past the post. So well done to all who backed him, your winnings await!" Paddy Power said.