Bookies Beat Pollsters in Scottish Referendum

Bookies Beat Pollsters in Scottish Referendum

The Scottish referendum: Bookies were predicting an 80 percent potential for a ‘no’ vote, while the polls were contradictory and inaccurate.

Did bookies know the results regarding the referendum that is scottish advance, while polls were way off the mark? It sure looks that way.

Scotland has voted to stay in the UK, with 55.3 % of voters deciding against dissolving the union that is 300-year of and going it alone. Many were surprised that the margin between winning and votes that are losing since wide as ten percent; lots of polls had predicted that the result was too close to call and that the ‘Yes’ and ‘No’ campaigns were split straight down the middle.

The simple truth is, polls were all around the spot: contradictory and fluctuating wildly. They ranged from the lead that is six-point the ‘yes’ vote to a seven point lead for the ‘no’ vote in the weeks leading up to the referendum. And although these people were correctly predicting a ‘no’ vote on the eve of the big day, they considerably underestimated the margin of the ‘No’ triumph.

Margins of mistake

Perhaps Not the bookies, though. That they had it all figured out ages ago. Whilst the pollsters’ predictions were see-sawing, online recreations betting outfit Betfair had already determined to spend bettors who had their money on a’no’ vote a few times before the referendum even occurred. And while there was clearly a whiff of a PR stunt about this announcement, it was Continue reading “Bookies Beat Pollsters in Scottish Referendum”