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- Bookies give odds on what the Global Heat Increase will be for 2023
- July this year saw multiple global temperature records broken
- The market goes off NASA’s GISTEMP Surface Temperature Analysis
Bookies give odds on what the Global Heat Increase will be for 2023
Weather betting is getting more and more popular with the rise of global warming seeing strange weather periods on a yearly basis and bookmakers have offered markets around how temperatures will rise.
According to the latest odds the global heat increase will be at least 1.05C for the full year with temperatures increasing more and more in recent years with a 0.89C rise in 2022.
The market is settled by Global Mean Estimates based on Land and Ocean data from NASA and it looks increasingly likely we'll see the biggest ever rise this year.
It's now as short as 1/20 that there's a total Global Heat Increase of 1.05C according to the latest odds.
| 2023 Global Heat Increase | Odds | Probability |
|---|---|---|
| 1.05C+
|
1/20 | 95.2% |
| 1.08C+ | 1/16 | 94.1% |
| 1.11C+ | 1/10 | 90.9% |
| 1.13C+ | 4/6 | 60.0% |
| 1.15C+ | 6/4 | 40.0% |
What the expert says..
July this year saw multiple global temperature records broken
July 2023 was the hottest month on record globally according to ERA5 data from the Copernicus Climate Change Service after temperatures rose around the globe.
Heatwaves dominated the European landscape with wildfires in Canada and Greece too which added to the global temperature records.
The previous record was set back in July 2019 with saw average temperatures soar with a global average of 16.63C compared to what it was this year at 16.95C.
The market goes off NASA’s GISTEMP Surface Temperature Analysis
NASA's GISTEMP Surface Temperature Analysis shows the temperature based on the land-ocean reading that is given on the climate.nasa.gov site.
NASA's website says, "NASA's full dataset of global surface temperatures through 2022, as well as full details with code of how NASA scientists conducted the analysis, are publicly available from GISS.
GISS is a NASA laboratory managed by the Earth Sciences Division of the agency's Goddard Space Flight Center in Greenbelt, Maryland. The laboratory is affiliated with Columbia University's Earth Institute and School of Engineering and Applied Science in New York."
