Photo courtesy of Eclipse Sportswire
Bookmakers in the United Kingdom were hoping to rake in some bucks on a popular betting event last week. This event doesn’t happen that frequently, but when it does it always attracts a lot of action.
This time around, however, the amount of money wagered broke records. Between leading bookmakers Betfair and Paddy Power, British punters wagered more than 800,000 pounds on trying to predict what Catherine and William would name the royal baby. Ladbrokes claimed to take in over 900 bets an hour, another record. While Americans watched, waited, and speculated with a puzzling obsession with the Monarchy, the British public chose to get some money down on the occasion.
Early on, the same bookmakers took in bets on the sex of the baby. But when Kate slipped up and indicated she was having a girl, most of those bets dried up. When it was announced that the child was in fact a boy, the bookies paid up over 100,000 pounds to the true believers who backed the longshot.
ROYAL BABY - GEORGE ALEXANDER LOUIS
The public proved much better at wagering on the name of the child. While James was an early favorite, George soon took the lead.
Next up for the British betting public - George’s first word. “Mamma” and “daddy” currently are big favorites. If you like to play longshots, I think there’s value in “Your Majesty” at 50-1.