The Scottish referendum: Bookies were predicting an 80 percent possibility of a ‘no’ vote, while the polls were contradictory and inaccurate.
Did bookies know the results regarding the referendum that is scottish advance, while polls were way off the mark? It sure appears that way.
Scotland has voted in which to stay the UK, with 55.3 per cent 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 votes that are losing since wide as ten percent; lots of polls had predicted that the result was too close to phone and that the ‘Yes’ and ‘No’ campaigns were split straight down the middle.
The simple truth is, polls were throughout the spot: contradictory and fluctuating wildly. They ranged from the lead that is six-point the ‘yes’ vote up to a seven point lead for the ‘no’ vote in the weeks leading up to your 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
Not the bookies, though. It was had by them all figured out ages ago. Whilst the pollsters’ predictions had been see-sawing, online activities gambling outfit Betfair had already determined to spend bettors who had their money on a’no’ vote several times before the referendum even occurred. And while there was clearly a whiff of a PR stunt about that announce Continue reading Bookies Beat Pollsters in Scottish Referendum