Online Gambling Odds For Scotland's Vote

Published Wednesday, September 17, 2014 -
Online Gambling Odds For Scotland's Vote

The biggest gambles can be so unnerving that most people cannot bear the thought of the outcome. The latest big punt is on whether Scotland after three hundred years as part of the United Kingdom will decide to separate and become a sovereign nation once again. It was reported that ninety seven percent of voters eligible had registered. The favoured option is a no vote as online gambling firm Betfair is so confident this will happen they have payed out early on that result.

Many polls have been conducted to explain the huge interest in this referendum with a TNS poll saying that almost two-thirds of adults in England and Wales want to see Scotland remain a part of the United Kingdom. TNS Omnibus interviewed a representative sample of 1,124 adults in England and Wales between September 11 and 15 of this year. Betfair may be getting a little concerned that their payout early strategy may be a losing proposition. The Betfair game is said to be in the millions of pounds with the firm believing, there is a 79 percent possibility of a ‘no’ vote. It’s so confident of the outcome of Thursday’s referendum that bets for the union placed before 10:00 a.m GMT on Sept. 16 will get a payout, a Betfair spokesperson said.

The whole campaign is publicity at its best, Betfair’s exchange market will not be paid out at this time, with only the traditional sportsbook bets being paid out.

The exchange market on Betfair allows punters to bet against each other and allows them to place bets for winning and losing meaning that your betting possibilities are essentially doubled. The traditional sportsbook is the widely used format by bookmakers in the UK, giving customers odds on a particular outcome set by the bookmaker. Financial Times columnist Bryce Elder commented, "Sportsbook is expected to provide about nine per cent of Betfair’s revenue this year, against 62 per cent from exchange. For a single novelty sportsbook market, the cost to the company of paying out early will be somewhere between negligible and nil."


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