[roamer]

Originally Posted by old crust

Just checked on Betfair and well over 8 million quid has been bet (matched). The figures for the other bookmakers are rarely revealed, but one firm has reported a bet of £ 800,000 to win £ 200,000 on the No vote winning.

Thanks OC, I can well believe those numbers.

Only slightly related but it is making the UK FTSE index tricky to trade.

In the event of a No vote, logic would suggest a rise in that index, a sort of relief rally.

If so, opening a " long " buy position on the index before the outcome would be profitable, however a Yes vote would be a massive problem.

From what I am seeing a lot of indecision.

[old crust]

Originally Posted by roamer

Thanks OC, I can well believe those numbers.

Only slightly related but it is making the UK FTSE index tricky to trade.

In the event of a No vote, logic would suggest a rise in that index, a sort of relief rally.

If so, opening a " long " buy position on the index before the outcome would be profitable, however a Yes vote would be a massive problem.

From what I am seeing a lot of indecision.

It does make an interesting market. I sports trade and only have a basic grasp of the financial trading. It could well be a case of traders playing the betfair market against wider financial index markets. People will always sniff out a favourable margin.