Editor-In-Chief with 20 years experience covering the betting angles to breaking news stories. Daily slots player, Portsmouth fan and League Snooker Player
- A 2022 Recession was predicted as a 20% chance in October, now a 25% chance as we enter January
- Bookmakers still predict just under 80% probability than no recession will take place this year
- Pound Sterling is strong against the Euro
- UK House Prices predicted to remain under £275,000 for December
In January everyone starts thinking about money and in particular where it all went through December and the holiday period, and bookmakers are doing the same in considering and offering odds on whether there may be a recession in the UK economy during 2022.
We first covered this market back in October 2021, when Betting Sites give 83% chance no recession will occur in 2022 - That figure has gone down to 78% as of today, suggesting confidence is falling that it could be averted.
It still means that the chance of a recession is just 11/4 in betting odds for a brighter outlook.
Recession Betting Odds
| Will the UK go into Recession in 2022 |
|
|
|---|---|---|
| Yes | 3.75 (11/4) | 26% |
| No | 1.28 (1/4) | 78% |
How is a Recession Determined?
A recession is considered a drop in GDP for two consecutive three-month periods, (Quarters) in a row.
The last time this happened in the UK was early in 2020, the first time it had happened since 2009.
Recession is generally bad news for everyone as there are fewer jobs, less profits, interest rates drop and inflation can rise.
Do not consider betting on a recession happening as a way of offsetting the situation however, Gambling is never a good practice or protection against a recession, and especially bad if betting more than you can afford to lose.
2022 has a huge amount of political activity sure to hit the headlines, not least discussion over the respective leaders of the two major political parties, the elections in May and what is happening with Scottish referendum betting and further afield in the US. Betting sites have many different betting angles and markets available and OLBG News will keep you abreast of all the major betting odds movements as they happen
