In the White Christmas odds betting market there has been moves in the last few days following the recent burst of cold weather. Bookie Paddy Power was left running for cover as snow covered the UK at the weekend in what was the coldest winter snap of the year so far. Punters ploughed in to the 5/1 on offer for a White Christmas in London as over 5 inches of snow fell in places with temperatures plummeting to freezing point. The sudden avalanche of bets will leave the bookie with a snow debt of over £100,000 if the UK wakes up to a blanket of snow on Christmas morning.
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Sharon McHugh, spokesperson for Paddy Power said: “It is too early to tell if we'll see a white Christmas this year but it only takes one snowflake to get people excited. Betting on a white Christmas is a bitter sweet market for us. On one hand if it snows we'll be out of pocket but on the other hand we'll have a picturesque Christmas!” With Northern Europe currently experiencing unusually bad snow storms, bookmakers Paddy Power are betting on the likelihood of Britain recording one of the coldest Christmases on record! It's 40/1 that temperatures in England plummet below the record -26.1C. While it is still considered highly unlikely, that hasn't stopped people having a festive flutter.
5/1 London 7/2 Glasgow 4/1 Dublin 9/2 Belfast 11/2 Manchester 6/1 Cardiff
Posted: Monday, 24th November 2008
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