Global Warming a Bugger for the Bookies?
March 24th, 2008
Been taking a punt on the UK weather? If you have, you may have made a profit this Easter with bookies facing losses of around £50,000 after snowfalls across the country left them paying out to punters who gambled correctly on a white Easter.
William Hill, apparently faces a £26,000 loss after Easter snow, with a spokesperson saying “We won a decent sum on Christmas day when snow failed to fall, but we have given it all back today.”
Representatives for Ladbrokes and Paddy Power each said they lost about £10,000 due to the snow.
Ladbroke’s Nick Weinberg, said they have already cut their odds on a snowy Easter for 2009 in anticipation of an upsurge in bets next year. Apparently last year, luckless punters wagered more than £1m on snow falling on Christmas day, according to Ladbrokes.
The weather is fluctuating dramatically across the globe in 2008 – including unseasonally long dry summer in New Zealand, worse-than-usual cyclones, floods and drought in Australia, massive tornadoes, flooding and c-c-c-ccold snowy disasters in the USA and both ‘4-seasons in one day’ weather and dramatic weather-related evacuations in parts of the UK and Europe.
Why do we bet on this stuff? Well done the punters who picked a white Easter!
Entry Filed under: Bookie News & Bonuses,General Banter
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