I've spent over 20 years inside the betting industry. I'll guide you to avoid the hype, ignore the noise, and steer clear of the common pitfalls that catch out everyday punters.
- 56% Chance no interest rate increase will be applied according to bookmakers odds.
- The less optimistic can take 11/10 odds on a raise with bookmakers and perhaps offset the effects!
- Rishi Sunak delivers his Budget Speech today
On the day Rishi Sunak delivers his Autumn Budget speech, betting fans can also take a view and make a prediction on whether the Bank of England will raise interest rates in November or not.
With only two choices to select from, either Raise or No Raise, there is little to split the pair, although it's not quite a 50/50 race with betting sites.
Interest Rate Betting Odds
|
|
Odds | Probability |
|---|---|---|
| No Raise | 1.77 (3/4) | 56.50% |
| Raise | 2.10 (11/10) | 47.62% |
The odds will change based on the weight of money being wagered on each side of the market, and at present, the betting public seems to favour the chance that no raise will be announced and are betting at 1.77 decimal betting odds, which means they have to bet £4 to win £3
Sunak Budget Speech
Today is the day that Rishi Sunak delivers his Autumn budget speech which will be intrinsically linked to any interest rate increase decided upon or against by the Bank of England.
You can even bet on what Budget buzzwords Rishi might utter during his speech.
Autumn Budget Speech Buzzwords Betting Odds
| Words | Odds | Probability |
|---|---|---|
| Climate Change | 1.25 | 80% |
| Whatever It Takes | 1.25 | 80% |
| Brexit | 1.4 | 71.43% |
| Uncontrolled Immigration
|
2 | 50% |
| Hard Working Families | 3 | 33.33% |
| Hard Choices | 3 | 33.33% |
| Up and Down the Country | 3.5 | 28.57% |
| What People Say to Me | 4.1 | 24.39% |
| Great British Pub | 11 | 9.09% |
| Magic Money Tree | 11 | 0.09% |
| Piers Morgan | 26 | 3.85% |
