The EU: IN or OUT?

bowlhead99

savings_my_hobby wrote: »

When ever I gamble down the bookies (hardly ever) I always bet on what I don't want to happen that way I get "compensated".

For example I would bet on the UK to remain in the EU, so if they did I would be gutted but will at least have some money to go pick up, But if Britain left the EU and I lost say, £100 then I would just shrug my shoulders and say "worth it".:)

Yes, I'm with you and am betting on leaving as a hedge, even though I'm voting in and expect us to stay in.

"Betting on something you don't want to happen" is just a longer way of saying "insurance". At the current odds £1k turns into £5k if we leave and compensates for the inevitable downturn in my UK equities portfolio and job prospects.

jimjames

bowlhead99 wrote: »

Yes, I'm with you and am betting on leaving as a hedge, even though I'm voting in and expect us to stay in.

"Betting on something you don't want to happen" is just a longer way of saying "insurance". At the current odds £1k turns into £5k if we leave and compensates for the inevitable downturn in my UK equities portfolio and job prospects.

That's my thinking too. As someone who's never placed a bet before I'm curious as the post before about how to do it!

atush

I dont bet but the OH does. I dont buy lottery tickets either.

So i'll use his betting acct online to bet on leave i guess lol.

veryintrigued

jimjames wrote: »

That's my thinking too. As someone who's never placed a bet before I'm curious as the post before about how to do it!

I've just used Paddy Power through the Oddschecker link provided above. I did check TCB to see what offers they had on but the TCB companies which did have decent offers on didn't seem to be offering odds on this bet.

The odds were 4 to 1 to leave. I note more of the other companies odds on this bet are now shortening to 3.5 to 1.

I funded it via debit card (to hopefully ensure no 'card fees').

Once I placed the bet I also got 3 x £10 'free bets' - which I placed on 3 teams for the Euro 2016 Champs.

Start of July I'll close the account down.

savings_my_hobby

veryintrigued wrote: »

I've just used Paddy Power through the Oddschecker link provided above. I did check TCB to see what offers they had on but the TCB companies which did have decent offers on didn't seem to be offering odds on this bet.

The odds were 4 to 1 to leave. I note more of the other companies odds on this bet are now shortening to 3.5 to 1.

I funded it via debit card (to hopefully ensure no 'card fees').

Once I placed the bet I also got 3 x £10 'free bets' - which I placed on 3 teams for the Euro 2016 Champs.

Start of July I'll close the account down.

Which three teams? Germany, Spain and either France (hosts) or England I would pick.

Probably France actually because if England win it I would not care about a few quid

veryintrigued

savings_my_hobby wrote: »

Which three teams? Germany, Spain and either France (hosts) or England I would pick.

Probably France actually because if England win it I would not care about a few quid

France, Germany and Italy.

Agree on the England sentiment - hence why I left them out.

veryintrigued

veryintrigued wrote: »

The odds were 4 to 1 to leave. I note more of the other companies odds on this bet are now shortening to 3.5 to 1.

http://www.oddschecker.com/politics/british-politics/eu-referendum/referendum-on-eu-membership-result

Almost all now 3.5 to 1 with one 3 to 1.

Is that the Moneysaving massive having an affect with their £1 bets?

Pincher

http://sports.williamhill.com/bet/en-gb/betting/y/12/Politics.html


At 22:18 on Monday 30th May.

Remain pays 1:5

Leave pays 7:2


As a hedging exercise, there is not much point.


If you are going to be £2,000 worse off, would you really bet £570 on Leave?

savings_my_hobby

veryintrigued wrote: »

France, Germany and Italy.

Agree on the England sentiment - hence why I left them out.

I'm surprised you omitted Spain. Italy are always up there although if I had to pick one I'd have to go for ze Germans.

jimjames

Bets placed, just wish I'd done it earlier with better odds. Took a bit of working out - makes investing seem easy in comparison!