With David Cameron confirming that the EU Referendum will take place as expected in June, on June 23rd to be precise, and with a reported 40% of voters still undecided, the bookmakers are predicting a flurry of betting on the event. Mayor of London Boris Johnson announced at the weekend that “after a huge amount of heartache” he has opted to …
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Scotland vote demonstrates the prediction power of betting markets
The Scottish referendum result marks the fifth time in a row that the Betfair Exchange has correctly predicted a significant political outcome as the NO vote confirmed what the Exchange had been pointing to for several months. Betfair had consistently called the NO vote as around an 80% chance to win, with the YES campaign around a 20%, despite opinion …
Read More »Scots independence would bring big questions over gambling law
Paul Petrie, director at Scottish sportsbook McBookie.com, discusses the Scottish Independence Referendum Other betting firms have mixed views on the outcome – William Hill suggesting 80% of bets for YES and Betfair suggesting the opposite. What’s McBookies’ take on the vote? 95% of the bets we have taken have been on a Yes vote. The opinion polls have the contest …
Read More »YES result will cost bookmakers £10m
Scottish punters will pocket up to £10 million in winnings in the event of a yes result in the referendum according to Ladbrokes. With 70% of bets placed north of the border favouring independence, the betting industry is preparing for a multi-million pound payout should the YES campaign defy the odds. Despite the confidence in a breakaway as far as …
Read More »William Hill – 80% of bets favour Scottish YES vote
William Hill revealed that 80% of the bets taken on their Scottish Independence market backed the yes vote for the upcoming on referendum on Thursday 18 September. William Hill, Scotland’s biggest bookmaker revealed that it had so far taken more than £2 million in betting money for the market. The Scottish Referendum has become the biggest political market the operator …
Read More »Betfair release % chance charts on Scottish Referendum outcome
On 18 September, Scotland’s voters will decide whether to stay part of the United Kingdom or go it alone. Betfair’s political trading desk has released a set of charts monitoring % chance of the Scottish Referendum’s Yes and No campaigns. The charts published by Betfair’s Exchange demonstrate the implied % chance of each voting outcome. Betfair’s Exchange has so far …
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