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Betting on Britain’s high-stakes EU vote breaks record

Betting is his way to get in on the drama because as a foreign citizen, from China, he will not have a right to vote. The industry is expecting 100 million pounds ($147 million) to be wagered by the time the result is known in the early hours of Friday.

For Stephen Jones, 55, betting is a form of insurance against disappointment. Spread betting, on the other hand, does not provide a simple win or lose outcome, but can provide payoffs based on the accuracy of the bet. presidential race, which was its previous record for a political event. He was back in the betting shop this week to place additional wagers on behalf of three American friends.

EU referendum betting already hit a record for a political event days ago for Betfair, bookmaker BetFred and IG, the largest provider of spread betting services.

Betting on political events used to be a niche area in the gambling industry but has become more widespread, particularly in Britain. That’s particularly true since pollsters have missed badly in measuring sentiment before some of Britain’s most recent votes, the last general election and the Scottish referendum.

. While the polls show this week’s vote is too close to call, bookies like Betfair are giving the “remain” side a 76 percent probability of winning. Ladbrokes has seen a tenfold increase in recent years.

The bookies’ odds have largely been in synch with global financial markets. He intends to vote to leave the EU, but has placed bets on “remain” to at least get something in case of his side’s defeat.

“This is a historical event, and I want to take part in it,” said Can Zhao, an investment researcher who placed a 135-pound ($198) bet on “remain” at a Ladbrokes betting parlor near London’s Kings Cross train station.

Betfair allows people to place wagers against each other rather than setting odds like the traditional bookmakers. “But my big win is to leave the EU.”

The betting has also gained the attention of global investors as a gauge of the likelihood of an event’s outcome. Polls suggest it is too close to call, while bookies give the “remain” side a higher chance of winning.

Betting exchange Betfair says it had taken 45.8 million pounds in wagers on the EU vote as of Wednesday and expects a final amount of 50 million pounds. That surpasses the 40 million pounds placed on the 2012 U.S. That’s reflected in financial markets, where stocks and the British pound are relatively buoyant one day before the big event.

Betfair, bookmakers Ladbrokes and Paddy Power and the Betting Research Unit at Nottingham Business School all estimate that the total value of bets on the vote placed in Britain will reach, and likely exceed, 100 million pounds.

Such betting fever is normally associated with major sports events, with people here habitually placing wagers online or in betting shops on everything from horse races to football matches. The referendum also outmatches the 35 million pounds placed on the 2014 World Cup Final.

“This is comfortably the biggest political betting event in history and dwarves both the general election and the Scottish referendum,” says Lewis Davey, spokesman for Paddy Power, referring to the Scottish vote on independence last year.

Thursday’s vote on whether to leave the European Union, which will have lasting consequences for the country and Europe, is due to break the record as the most bet-upon political event in Britain’s history. But the importance, drama and uncertainty that have surrounded this vote have made it a spectator sport in its own right. It has become increasingly popular, particularly to bet on financial markets.

LONDON –  As if the stakes were not high enough in Britain’s nail-biting vote this week, people are betting record amounts of money on its outcome.

“If we are going to remain in the EU, at least I will take compensation,” said Jones, who expects to get 3,000 pounds back in profit in such an event

Football Bet? | Yahoo Answers

Here are the scoring rules: . http://www.sportsoccer.biz

Well, basically you just multiply the amount that you want bet on each of those results time the odds. All you have to do is select which team wins. If you reply with a yes i will email you ever1 competing in every game.

World Cup 2014 Brazil Betting game

Winner will get a reward unmentioned!

Guess correctly- 5 points

Guess wrong- 0 points

Game results in a tie- 3 points

Rules: compete against whoever replies to this message before, June 18th 2014 9:00 AM (EST). So you’d win 140 for your first bet, 125 for the second, 50 for the third, 90 for the fourth and 160 for the fifth bet you listed