The referendum that is scottish Bookies had been 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 determining 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 as wide as 10 %; a number of polls had predicted that the result was too close to call and that the ‘Yes’ and ‘No’ campaigns were split straight down the middle.
The truth is, polls were throughout the accepted destination: contradictory and fluctuating wildly. They ranged from a lead that is six-point the ‘yes’ vote to a seven point lead for the ‘no’ vote into the weeks leading up to the 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 Error
Maybe Not the bookies, though. They had it all figured away ages ago. As the pollsters’ predictions were see-sawing, online activities betting outfit Betfair had already decided to spend bettors who had their cash on a’no’ vote a few times before the referendum even occurred. And even though there was a whiff of a PR stunt about this announcement, it (suite…)