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Fear of Inside Knowledge Causes Bookies to Rethink Odds for Royal Twins

Oct 03, 2014
Betting on the 2nd royal baby has been suspended due to rumors that Kate might be pregnant with twins

Betting on the 2nd royal baby has been suspended due to rumors that Kate might be pregnant with twins

After rumors that Kate might be carrying twins, UK betting companies found themselves forced to change their strategy.

Less than a month after gambling news announced that bookmakers were taking bets on the name, gender and weight of the second royal baby, some companies are starting to fear they might be cleared out due to inside knowledge.

Bookmakers have become suspicious after a large number of newly opened accounts where users have placed a lot of money on Kate being pregnant with twins. While some of them have slashed the odds, but kept the option, others have suspended betting on it altogether.

On September 8, when it was confirmed that the Duchess of Cambridge is expecting a second child, odds for twins were at 20/1. But once the media spread the rumor that Kate is having twins and people rushed to the bookies to place money on it, most companies adjusted the odds in their favor.

At most online sportsbooks, wagering on two new royal babies could pay out a modest 5/2, while William Hill has decided to suspend bets entirely.

Daily Mail: All bets are orf! Insider info fears see bookmakers suspend betting on Kate giving birth to twins after surge in wagers from new accounts

The surge in baby bets started on Monday night, when William Hill initially slashed the odds on Royal twins from 20/1 to 9/1. After that, the company suspended wagers entirely. Rupert Adams, a spokesman for the company explained: “We have had a load of unexpected bets including a large number of new accounts. With any other market I would say that people know.”

Another major betting company, Coral, changed its odds from 20/1 to 10/1 and then to 8/1, in just a few weeks. The bookmaker claims it was the first one to make the change, after one customer placed a GBP1,000 bet on royal twins, at odds of 20/1.

Coral spokesman Nicola McGeady told reporters: “Since Will and Kate announced their news, all the big money has come for twins. With the gamble picking up pace overnight, we fear someone knows something we don’t.”

Ladbrokes was recently offering 8/1 and Paddy Power adjusted its offer to as low as 5/2. The odds for triplets remain at 100/1.

ParentDish: Duchess of Cambridge pregnant with twins? Betting suspended on royal baby

Newspapers have reported that the Duchess of Cambridge is pregnant with twins. What first sounded like unsupported gossip has started to seem highly probable, after bookmakers said they were suspecting that the large number of royal twins’ bets could mean the rumors are true.

Clarence House announced Kate’s second pregnancy on September 8, adding that she is suffering with hyperemesis gravidarum, or extreme morning sickness. Bookmakers quickly added baby names to their regular sports scores offers.

Meanwhile, the internet started to spread the information that Kate must be pregnant with twins, because the medical condition is more common in multiple pregnancies. The truth is that the Duchess suffered of the same extreme morning sickness with her first baby. It is unlikely that the Palace will release any more details about whether Kate is carrying twins or not. When she was expecting Prince George, all they did was confirm the month she is due.

But just to be on the safe side, top UK bookmaker William Hill suspended wagering on the couple expecting twins on Monday, and Coral followed its example putting all royal baby betting options on hold for now.

International Business Times: Kate Middleton, Prince William To Name Royal Baby Girl After Princess Diana: Report

Newspaper have already reported that Kate Middleton and Prince William received permission to name their new child after Queen Elizabeth, but royal biographer Andrew Morton claims the pair told friends they also want to honor William’s late mother, Princess Diana.

The Duke and Duchess of Cambridge have yet to learn the gender of their second child, but if female, she will be named Elizabeth Diana Windsor, British newspapers wrote. Morton says the couple is hoping for a girl to join their 14-month-old son, Prince George.

Morton, who is best known for his 1992 biography on Princess Diana, told reporters: “They discussed girls’ names before George was born and now they’re hoping the next one is a girl so they can carry out their wish to honor William’s mother. They’re not too thrilled at the thought it would be shortened to Princess Di but it won’t change their minds.”

The Globe cited an “inside source” saying: “They’ve already told the ailing queen that they believe it’s a girl. Like many of us, William and Kate fear the queen doesn’t have long left and want to honor her while she is still alive.”

 
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Betting on the 2nd royal baby has been suspended due to rumors that Kate might be pregnant with twins

Betting on the 2nd royal baby has been suspended due to rumors that Kate might be pregnant with twins

After rumors that Kate might be carrying twins, UK betting companies found themselves forced to change their strategy.

Less than a month after gambling news announced that bookmakers were taking bets on the name, gender and weight of the second royal baby, some companies are starting to fear they might be cleared out due to inside knowledge.

Bookmakers have become suspicious after a large number of newly opened accounts where users have placed a lot of money on Kate being pregnant with twins. While some of them have slashed the odds, but kept the option, others have suspended betting on it altogether.

On September 8, when it was confirmed that the Duchess of Cambridge is expecting a second child, odds for twins were at 20/1. But once the media spread the rumor that Kate is having twins and people rushed to the bookies to place money on it, most companies adjusted the odds in their favor.

At most online sportsbooks, wagering on two new royal babies could pay out a modest 5/2, while William Hill has decided to suspend bets entirely.

Daily Mail: All bets are orf! Insider info fears see bookmakers suspend betting on Kate giving birth to twins after surge in wagers from new accounts

The surge in baby bets started on Monday night, when William Hill initially slashed the odds on Royal twins from 20/1 to 9/1. After that, the company suspended wagers entirely. Rupert Adams, a spokesman for the company explained: “We have had a load of unexpected bets including a large number of new accounts. With any other market I would say that people know.”

Another major betting company, Coral, changed its odds from 20/1 to 10/1 and then to 8/1, in just a few weeks. The bookmaker claims it was the first one to make the change, after one customer placed a GBP1,000 bet on royal twins, at odds of 20/1.

Coral spokesman Nicola McGeady told reporters: “Since Will and Kate announced their news, all the big money has come for twins. With the gamble picking up pace overnight, we fear someone knows something we don’t.”

Ladbrokes was recently offering 8/1 and Paddy Power adjusted its offer to as low as 5/2. The odds for triplets remain at 100/1.

ParentDish: Duchess of Cambridge pregnant with twins? Betting suspended on royal baby

Newspapers have reported that the Duchess of Cambridge is pregnant with twins. What first sounded like unsupported gossip has started to seem highly probable, after bookmakers said they were suspecting that the large number of royal twins’ bets could mean the rumors are true.

Clarence House announced Kate’s second pregnancy on September 8, adding that she is suffering with hyperemesis gravidarum, or extreme morning sickness. Bookmakers quickly added baby names to their regular sports scores offers.

Meanwhile, the internet started to spread the information that Kate must be pregnant with twins, because the medical condition is more common in multiple pregnancies. The truth is that the Duchess suffered of the same extreme morning sickness with her first baby. It is unlikely that the Palace will release any more details about whether Kate is carrying twins or not. When she was expecting Prince George, all they did was confirm the month she is due.

But just to be on the safe side, top UK bookmaker William Hill suspended wagering on the couple expecting twins on Monday, and Coral followed its example putting all royal baby betting options on hold for now.

International Business Times: Kate Middleton, Prince William To Name Royal Baby Girl After Princess Diana: Report

Newspaper have already reported that Kate Middleton and Prince William received permission to name their new child after Queen Elizabeth, but royal biographer Andrew Morton claims the pair told friends they also want to honor William’s late mother, Princess Diana.

The Duke and Duchess of Cambridge have yet to learn the gender of their second child, but if female, she will be named Elizabeth Diana Windsor, British newspapers wrote. Morton says the couple is hoping for a girl to join their 14-month-old son, Prince George.

Morton, who is best known for his 1992 biography on Princess Diana, told reporters: “They discussed girls’ names before George was born and now they’re hoping the next one is a girl so they can carry out their wish to honor William’s mother. They’re not too thrilled at the thought it would be shortened to Princess Di but it won’t change their minds.”

The Globe cited an “inside source” saying: “They’ve already told the ailing queen that they believe it’s a girl. Like many of us, William and Kate fear the queen doesn’t have long left and want to honor her while she is still alive.”

 
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Aussie Senator Hates Free iPhone Gambling Apps

Apr 27, 2010
iAussie

Senator Nick Xenophon was recently alerted to the existence of free iPhone casino games that let people enjoy simulated poker and slots on their mobiles. He believes the games are vulnerable to abuse by children, and wants the federal government to launch an inquiry. The games, he says, should be illegal for children to play.

International Business Times: Parliament junks iPhone gambling applications

Australian senator Nick Xenophon does not want “for fun” gambling applications to become readily available for download on the iPhone. The lawmaker said Australians are already overexposed to gambling.

According to Xenophon, free poker applications available on the iPhone allow, even children, to play for fake money. These games, he says, should not be allowed by the Australian government because they can expose children to gambling at an early age.

“We already have a big enough gambling problem in this country and there’s no doubt this will fuel gambling addiction. Kids can become poker machine experts years before they are legally allowed to set eyes on a real machine.”

“The use of money, albeit fantasy, drills home a false impression that poker machines can be a source of money or income,” said Xenophon. “….This is a training application for kids to lose real money when they turn eighteen.”

Xenophon understands that it would be impossible to ban these applications in Australia, but he still hopes to introduce measures that would make it illegal for Apple to provide free iPhone casino games to children.

Herald Sun: iPhone pokie apps targeted at children, says Senator Nick Xenophon

Free iPhone casino games that allow children to play poker are irresponsible and should be banned, says Senator Nick Xenophon.

Numerous iPhone applications can be downloaded for free, and are identical to machines in found in clubs, pubs and casinos, except they don’t pay real money.

Senator Xenophon said he wasn’t aware that the games existed until he was recently alerted to their availability.

“It’s irresponsible to allow these applications in the hands of children,” Senator Xenophon said. “We already have a big . . . gambling problem in this country and there is no doubt this will fuel gambling addiction.

“Kids can become poker machines experts years before they are legally allowed to set eyes on a real machine.”

“The use of money, albeit fantasy, drills home a false impression that poker machines can be a source of money or income,” Senator Xenophon said.

The Sydney Morning Herald: Ban iPhone gambling apps: Xenophon

Numerous free casino games, some promoted by gaming companies like Harrah’s, can be downloaded and played on the iPhone for free. The games are similar to real money machines found across Australia.

Senator Xenophon says the games are irresponsible, and could too easily fall into the hands of children.

“We already have a big enough gambling problem in this country and there is no doubt this will fuel gambling addiction.

Some of the applications specifically state that they are for 12-year-olds and upwards, but others have no minimum age suggestions.

“Having a recommended age description of 12 is totally inadequate. This is a training application for kids to lose real money when they turn 18,” says Xenophon.

The senator hopes to alert the federal government, and to start an inquiry into the games, outlawing them for children.

“There needs to be a parliamentary inquiry into online gambling laws because otherwise we will see a new wave of problem gamblers as soon as these kids turn 18,” Xenophon said.

“It’s not only promoting poker machines its conditioning people to use them.

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iAussie

Senator Nick Xenophon was recently alerted to the existence of free iPhone casino games that let people enjoy simulated poker and slots on their mobiles. He believes the games are vulnerable to abuse by children, and wants the federal government to launch an inquiry. The games, he says, should be illegal for children to play.

International Business Times: Parliament junks iPhone gambling applications

Australian senator Nick Xenophon does not want “for fun” gambling applications to become readily available for download on the iPhone. The lawmaker said Australians are already overexposed to gambling.

According to Xenophon, free poker applications available on the iPhone allow, even children, to play for fake money. These games, he says, should not be allowed by the Australian government because they can expose children to gambling at an early age.

“We already have a big enough gambling problem in this country and there’s no doubt this will fuel gambling addiction. Kids can become poker machine experts years before they are legally allowed to set eyes on a real machine.”

“The use of money, albeit fantasy, drills home a false impression that poker machines can be a source of money or income,” said Xenophon. “….This is a training application for kids to lose real money when they turn eighteen.”

Xenophon understands that it would be impossible to ban these applications in Australia, but he still hopes to introduce measures that would make it illegal for Apple to provide free iPhone casino games to children.

Herald Sun: iPhone pokie apps targeted at children, says Senator Nick Xenophon

Free iPhone casino games that allow children to play poker are irresponsible and should be banned, says Senator Nick Xenophon.

Numerous iPhone applications can be downloaded for free, and are identical to machines in found in clubs, pubs and casinos, except they don’t pay real money.

Senator Xenophon said he wasn’t aware that the games existed until he was recently alerted to their availability.

“It’s irresponsible to allow these applications in the hands of children,” Senator Xenophon said. “We already have a big . . . gambling problem in this country and there is no doubt this will fuel gambling addiction.

“Kids can become poker machines experts years before they are legally allowed to set eyes on a real machine.”

“The use of money, albeit fantasy, drills home a false impression that poker machines can be a source of money or income,” Senator Xenophon said.

The Sydney Morning Herald: Ban iPhone gambling apps: Xenophon

Numerous free casino games, some promoted by gaming companies like Harrah’s, can be downloaded and played on the iPhone for free. The games are similar to real money machines found across Australia.

Senator Xenophon says the games are irresponsible, and could too easily fall into the hands of children.

“We already have a big enough gambling problem in this country and there is no doubt this will fuel gambling addiction.

Some of the applications specifically state that they are for 12-year-olds and upwards, but others have no minimum age suggestions.

“Having a recommended age description of 12 is totally inadequate. This is a training application for kids to lose real money when they turn 18,” says Xenophon.

The senator hopes to alert the federal government, and to start an inquiry into the games, outlawing them for children.

“There needs to be a parliamentary inquiry into online gambling laws because otherwise we will see a new wave of problem gamblers as soon as these kids turn 18,” Xenophon said.

“It’s not only promoting poker machines its conditioning people to use them.

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