The bookmaker said this morning it is to pay out in excess of €1 million to punters who have bet on the Illinois senator taking over the world's top job in three weeks time.
More than 10,000 bets have been placed on the 2008 presidential election with Paddy Power in Ireland, with the majority placed in support of Mr Obama over the past 12 months.
Mr Obama was a massive 50/1 with Paddy Power to be the next US president back in May of 2005. One inspired punter who will be celebrating today had a long range wager of €50 at these odds which has led to a return of €2,550.
The largest single bet placed on Mr Obama was €100,000 in June at odds of 1-2 which has led to returns of €150,000 today...