William Hill 'lost money' on Brexit outcome

[Awena]

After the UK’s biggest ever political betting event, William Hill said it lost money on the outcome of the European Union referendum.

Hills has been an exponent of political betting in recent years, with events such as the Scottish independence referendum of 2014 and last year’s general election generating huge interest and large revenues.

 

Hills’ Graham Sharpe told that the bookmaker actually took more money on the Scottish independence vote, although a £900,000 bet “slightly skewed the market” two years ago. Sharpe said about £20m (€24.7m/$27.4m) was taken in total on referendum bets.

 

Hills offered Remain as the favourite throughout the campaign, but while 69 per cent of all the money taken was for Remain, 69 per cent of all individual bets were for Leave.

When asked if the industry had learned anything from the Brexit betting market, Sharpe said: “It shows that you can beat the bookie occasionally. It is the biggest political betting event in bookmaking history, and the industry has learned there is an appetite to bet on politics.”

 “There is no rest for the political markets, with Hills already offering bets on the next Conservative leader following David Cameron’s resignation this morning (Friday).”

 

Source: TotallyGaming

[cocopop3011]

  On 6/24/2016 at 4:17 PM, Awena said:

 

After the UK’s biggest ever political betting event, William Hill said it lost money on the outcome of the European Union referendum.

Hills has been an exponent of political betting in recent years, with events such as the Scottish independence referendum of 2014 and last year’s general election generating huge interest and large revenues.

 

Hills’ Graham Sharpe told that the bookmaker actually took more money on the Scottish independence vote, although a £900,000 bet “slightly skewed the market” two years ago. Sharpe said about £20m (€24.7m/$27.4m) was taken in total on referendum bets.

 

Hills offered Remain as the favourite throughout the campaign, but while 69 per cent of all the money taken was for Remain, 69 per cent of all individual bets were for Leave.

When asked if the industry had learned anything from the Brexit betting market, Sharpe said: “It shows that you can beat the bookie occasionally. It is the biggest political betting event in bookmaking history, and the industry has learned there is an appetite to bet on politics.”

 “There is no rest for the political markets, with Hills already offering bets on the next Conservative leader following David Cameron’s resignation this morning (Friday).”

 

Source: TotallyGaming

 

 

Ahhh well, that's the nature of the betting game I guess!

 

If I had made a bet I would have bet that the outcome would be for the UK to remain, I honestly thought this was the way it would go even though I voted out!

 

Glad I didn't place a bet because I would have lost.

[Awena]

  On 6/24/2016 at 4:47 PM, cocopop3011 said:

Ahhh well, that's the nature of the betting game I guess!

 

If I had made a bet I would have bet that the outcome would be for the UK to remain, I honestly thought this was the way it would go even though I voted out!

 

Glad I didn't place a bet because I would have lost.

Dear Sharon, I felt UK will vote to step OUT it means I made an huge mistake by not placing my bet.

[cocopop3011]

  On 6/24/2016 at 4:51 PM, Awena said:

Dear Sharon, I felt UK will vote to step OUT it means I made an huge mistake by not placing my bet.

 

Ahh that's a shame could have earned some extra bucks there Awena!

[Azzthatch]

Good old politics.... may I ask why you voted out Coco?

[cocopop3011]

  On 6/27/2016 at 12:59 PM, Azzthatch said:

Good old politics.... may I ask why you voted out Coco?

 

Of course you can ask!

 

However I may not answer 

 

Just kidding! I weighed both the positive and negatives of both in and out and there are two main factors why I chose out, however I'll keep those to myself since I don't want tensions running high here.

 

However what I will say is that I believe by voting out I have made the best decision for the future of my children, I believe our independence will make us a great country. The future of the EU was already unclear in my opinion and I strongly believe the UK needed to do something. Now with other countries discussing possible referendums it makes me even more convinced I picked the right vote for ME.

[Azzthatch]

Yes of course, everyone is entitled to thier own opinions and the decision effects people in different ways...... it will be interesting to see what happens.

[cocopop3011]

  On 6/28/2016 at 1:02 PM, Azzthatch said:

Yes of course, everyone is entitled to thier own opinions and the decision effects people in different ways...... it will be interesting to see what happens.

 

Indeed!! 

[Cassiopeia]

Brexit infulences more than I imagined. Have u heared about Jo Cox? Unbelievable!