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Betfair Pays Out to Gamblers Who Backed 'No' Vote in Scotland

Betfair Pays Out to Gamblers Who Backed 'No' Vote in Scotland

LONDON (Reuters) – Opinion polls suggest the outcome of the Scottish referendum is too close to call but gambling company Betfair said on Tuesday it was already paying out winnings to customers who had staked money on a “No” vote to independence.

Bookmakers sometimes pay out early on sports events when they consider the result a foregone conclusion, deciding that the publicity they generate is worth the risk should there be a surprise turnaround.

“We’ve decided that ‘No’ is most likely to be the winning vote in 3 days’ time, so we’ve put our money where our mouth is,” online betting specialist Betfair said.

The referendum on Thursday when voters in Scotland decide whether to split from the United Kingdom has attracted record levels of interest from British gamblers.

Read more at Reuters

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