All year bookmakers take bets on sporting events and the like, but as the winter rolls around all thoughts turn to the weather as punters place bets on whether it might be a white Christmas or not!
As the weather has turned colder this week, the Met Office has predicted an arctic blast and that means odds have been slashed on a white Christmas.
According to the latest weather reports an arctic wind will see temperatures across parts of the UK drop to -5C this week with Scotland and Northern England hit the hardest. This change in the weather has led bookmakers to adjust the odds on a white Christmas. William Hill are currently offering odds of 6/4 on snow at Aberdeen airport on Christmas Day, and 7/1 for London. Paddy Power is offering 8/1 for snow at Bristol Airport and 5/1 for Dublin Airport.
If the cold snap takes hold, odds are likely to shrink further, so those wanting to place a bet may want to do so soon.
Betting on snow at Christmas has become a bit of a national pastime with operators offering odds every year. However as the UK Gambling Commission tightens up the industry, bookmakers will have to ensure they don’t fall foul of the rules. Thankfully, unlike betting on television shows and royal pregnancies, bookmakers can’t possibly know the outcome, so unless they can actually make it snow on Christmas Day, they should be able to stay within the UK’s strict gambling guidelines.
The only question left is will Christmas Day look like something out of a Dickens’ novel? Maybe we need to consult the ghost of Christmas future to find out.