Paddy Power gets involved in Brexit odds market
Ever the one to get involved in touchy, political issues – one of the UK’s most popular online sportsbooks has been in the news again this week. Paddy Power are known for diving headfirst into the boiling pot when it comes to outrageous predictions and touchy bets, and this week they’ve excelled even themselves by wading into the Brexit debate.
Brexit background: UK sportsbook lost plenty of cash when the European Union Referendum returned a Leave vote in the final days of Cameron’s leadership, and since that day the United Kingdom has been tearing itself apart between “leavers” and “remainders”. In recent weeks, there has been cause for optimism, with Prime Minister Theresa May delivering a speech in Florence urging the EU and the UK to find common ground and authorize a deal between the countries. There is already a lot at stake, with the rights of expats (both abroad and at home), future trade deals, the Irish Border, and the fabled exit bill all at stake. Speaking of stakes, Paddy Power has an interesting take on what they believe will happen, too. Take it with a pinch of salt, though; after all, the bookies were wrong last time.
Brexit – according to Paddy Power
Paddy Power is currently offering evens on a no Brexit deal before the March 2019 deadline, whilst Theresa May is now just 2/1 to still be in power come that time. You can even get 4/11 that at least 2 (perhaps more) prime ministers will have held the post during the negotiation phase. Other nifty Brexit odds currently on the fly from the leading UK sportsbook include 9/4 on a new General Election being called in 2018, 4/1 that the UK will apply to re-join the EU within 10 years, and 7/1 that another EU referendum will be called before the end of next year.
Participate with Paddy Power
Brexit is such a divisive issue, but if you have a say, then why not put your money where your mouth is with Paddy Power? Join the popular UK sportsbook today and you can claim a free £10 risk-free bet when you deposit and stake a tenner on Brexit, sports or plenty of other betting markets, today.
Betting world got serious, particularly Paddy Power Sportbook
This week, the online sports betting world got serious, particularly where the UK is concerned. Some of the leading UK betting companies have joined forces to put together a package worth £8 million which they hope will be used to highlight the dangers of problem gambling. At the same time, Paddy Power sportsbook have decided to toughen their rules regarding affiliates, so that false advertising is whittled out of the industry.
£8 million to highlight problem betting
The new fund from a host of the UK’s biggest sportsbooks has been made by Remote Gambling Organisation, a trade body of betting companies, who work with the Advertising Association to ensure that gambling advertising focuses on problem gambling as well as adverts to appeal to players with big bonuses galore.
There have been growing calls from Tom Watson – Labour Party deputy leader – to ban sportsbook sponsorship in football, to restrict fixed odds betting terminals in UK high-street bookies, and to highlight problem gambling. The move may be a way of appeasing some of those hard-line strategies to regulate UK sports betting.
Paddy Power gets tough on affiliates
At the same time, one of the UK’s leading sportsbooks, Paddy Power, has made a move which should aim to end false advertising in the UK. Paddy Power Betfair have decided that the affiliate market needs closer regulation, particularly when it comes to dubious promotions. The sportsbook giant has now placed into effect a series of rules and regulations which will see affiliates face a one-strike rule, should they false advertise or promote the sportsbook in a dubious manner. Sky Betting and Gaming had earlier made similar moves, although in their case they completely axed their affiliate program. In the UK, the UK Gambling Commission considers operators responsible for the work by affiliates, so Paddy Power Betfair seems to be taking this problem very seriously.
Joining Paddy Power or Betfair are still top dogs
Of course, none of these issues should put you off playing at Paddy Power, Betfair or other leading UK sportsbooks. If you are safe, control your gambling, and don’t mind dropping a few quid on your favourite sporting events, UK sportsbooks like Paddy Power and Betfair are perfectly safe places to place bets.