CasinoCityTimes.com

Gurus
News
Newsletter
Search News Subscribe
Stay informed with the
NEW Casino City Times newsletter!
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Related Links

Gaming News

 

Bookies Get Ready for London Olympics

6 July 2005

UNITED KINGDOM – As reported by the UK Times: "Bookmakers estimate that London getting the Olympics cost them £1 million nationwide and one firm, Paddy Power, can expect plenty of winning punters to be back in touch with them first thing this morning.

"The Irish-based firm make Sir Steve Redgrave 14-1 to light the Olympic Flame, but that price is unlikely to be available for long because the record-breaking rower, who won golds at every Olympics from 1984 to 2000, is an obvious favourite to be awarded the honour. Ladbrokes make him even-money to light the flame and Blue Square go further, quoting him at 4-5.

"A sustained gamble on London getting the Olympics began on Sunday, when bookies were offering up to 4-1. By yesterday, those odds had shrunk to as little as 7-4.

"Warren Lush, a spokesman for Ladbrokes, said: 'The industry has paid out over £1 million. We've been torched by the huge patriotic gamble on London to win the Olympics, the money just kept coming.'…"

< Gaming News

Bookies Get Ready for London Olympics is republished from Online.CasinoCity.com.