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Discussion: Betting on the weather

in: blairtrewin; blairtrewin > 2020-03-26

Mar 27, 2020 1:44 AM # 
Ecmo:
With no sport on, Sportsbet is offering various bets on the weather including warmest capital city and temperature over/unders. I suspect you could make a motza.

I wonder who they have employed to set the odds? Maybe some out of work meteorologists have a new job.
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Mar 27, 2020 2:20 AM # 
blairtrewin:
I suspect it would be a conflict of interest. I've previously seen one-offs like this in which the odds were badly out of kilter (although mostly of the variety of having things at odds of $26 which should be at odds of $26 million, e.g. Darwin as the coldest city).

One previous occasion I can remember is one of the bookmakers offering odds on over/under 42.5 degrees in Melbourne on what became Black Saturday, and I know quite a few people working in the field who had a piece of the overs.
Mar 27, 2020 2:44 AM # 
TheInvisibleLog:
A little insider trading perhaps?

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