SBC News Voice of the Sports Betting Industry
Bookmakers have suspended betting markets on SPL football club Glasgow Rangers FC being relegated, as internet rumours circulate that the club faces financial difficulties once again.
Betting affiliate Oddschecker, last night alerted UK media that it had spotted ‘unusual betting patterns’ on Rangers being relegated from the SPL.
Rangers, Scottish football’s most successful club, currently sits third in the league, 23 points clear of bottom-placed Ross County (the SPL relegates one team per season).
In 2012, due to financial mismanagement Rangers entered liquidation. The football club was forced to create a new corporate identity and was further relegated to the fourth tier of Scottish league football.
In its market update, Oddschecker details that it has recorded ‘punters piling in on the massive price of 5000/1’.
The betting affiliate details that bookmakers will no longer take bets on Rangers’ SPL relegation. Scottish news sources are seeking to verify whether there is any accuracy in the rumours of Rangers financial troubles.
“To call it a strange would be an understatement, and Oddschecker sources have confirmed the unusual activity in the betting for Rangers to be relegated, similar to the circumstances the club faced first time around with their financial struggles.”
