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Bookies Beat Pollsters in Scottish Referendum

Bookies Beat Pollsters in Scottish Referendum

The Scottish referendum: Bookies had been predicting an 80 percent chance of a ‘no’ vote, as the polls were contradictory and inaccurate.

Did bookies know the results associated with referendum that is scottish advance, while polls were way off the mark? It sure looks that way.

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

The reality is, polls were all around the destination: contradictory and fluctuating wildly. They ranged from a six-point lead for the ‘yes’ vote to a seven point lead for the ‘no’ vote in the weeks leading up to the referendum. And they considerably underestimated the margin of the ‘No’ victory although they were correctly predicting a ‘no’ vote on the eve of the big day.

Margins of mistake

Maybe Not the bookies, though. They’d it all figured out ages ago. As the pollsters’ predictions had been see-sawing, online recreations outfit that is betting had already determined to pay out bettors who had their money on a’no’ vote a few times prior to the referendum even occurred. And while there was a whiff of a PR stunt about this announcement, it was made from the position o Continue reading Bookies Beat Pollsters in Scottish Referendum