Bookies Beat Pollsters in Scottish Referendum

Bookies Beat Pollsters in Scottish Referendum

The referendum that is scottish Bookies had been predicting an 80 percent chance of a ‘no’ vote, whilst the polls were contradictory and inaccurate.

Did bookies know the results of this Scottish referendum in advance, while polls were way off the mark? It sure looks that way.

Scotland has voted to stay in the UK, with 55.3 percent of voters deciding against dissolving the 300-year union of nations and going it alone. Many were surprised that the margin between winning and votes that are losing since wide as 10 %; a number of polls had predicted that the result was too close to call and that the ‘Yes’ and ‘No’ campaigns had been split straight down the middle.

The fact remains, polls were throughout the destination: contradictory and fluctuating wildly. They ranged from a lead that is six-point the ‘yes’ vote up to a seven point lead for the ‘no’ vote within the weeks leading up to your referendum. And although these were properly predicting a ‘no’ vote on the eve of the big day, they considerably underestimated the margin of the ‘No’ victory.

Margins of mistake

Not the bookies, though. They had it all figured out ages ago. Even though the pollsters’ predictions had been see-sawing, online activities outfit that is betting had already decided to spend bettors who had their cash on a’no’ vote several days ahead of the referendum even occurred. And even though there was clearly a whiff of a PR stunt about this announcement, Read More…