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Betting Reopens on Scottish Independence Referendum

Betting Reopens on Scottish Independence Referendum

It seems that betting has reopened on Scotland holding a second independence referendum in the near future and bookmakers are offerings very low odds.

Nicola Sturgeon, the First Minister of Scotland and leader of the Scottish National Party, has repeatedly called for another independence referendum since the UK voted to leave the EU in a referendum last month. Recently she said that the referendum could happen as soon as next year.

Sturgeon has been told by Prime Minister Theresa May that she is against holding a second referendum as she believes that the one held in 2014 sent “a very clear message”. However, Sturgeon insists that she will hold a referendum if she believes it to be in the best interests of Scotland.

As a result Ladbrokes is now offering odds of 4/7 on a “next independence referendum held before end 2020” while the odds of “no independence referendum held before end 2020” are considerably longer at 5/4.

Elsewhere William Hill has decided that if a referendum is held before the end of 2024 it will be too close to call and is offering odds of 10/11 on both a “Yes” and a “No” vote.

Much of the Scottish referendum question is related to when and if the UK will trigger Article 50 in order to start the process of leaving the EU. At SkyBet it seems there are doubts with odds of 2/1 available on “2018 or later or not at all”. However, the same odds are available on “January 1 to March 31 2017” and odds of 5/2 are available on “April 1 to June 30 2017”.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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