Scottish Independence Referendum Odds: Bookies Split on Yes or No Outcome

Bookmakers are divided on the result of a potential Scottish Independence Referendum, with Paddy Power pricing both Yes and No at 5/6. We explore what the odds reveal.
Scottish Independence Referendum Odds: Bookies Split on Yes or No Outcome
Jake Ashton
Jake Ashton Senior News Editor

Jake is a Football and Entertainment betting expert, with a Man City season ticket and a deep knowledge of reality TV betting angles

  • Betting sites price Yes and No outcomes equally at 5/6 in potential Scottish Independence Referendum
  • Market reflects deep uncertainty over public opinion and future vote timing
  • Interest remains strong as political pressure for a second vote continues

More than a decade on from the historic 2014 vote, the debate around Scottish Independence remains one of the UK’s most enduring political flashpoints and betting markets are showing just how finely balanced the issue still is.

UK Betting Sites are now giving odds on the outcome of another Scottish Independence Referendum with the market locked between both sides.

With speculation never far from the headlines, Paddy Power has priced both ‘Yes’ and ‘No’ outcomes at 5/6 in the event of a second Scottish Independence Referendum, giving each side an implied 54.5% probability when accounting for overround.

It’s a rare case of true political deadlock, on and off the ballot.

Next Scottish Independence Referendum ResultOddsProbability
Yes5/654.5%
No5/654.5%
What the expert says...
With both outcomes priced at 5/6, it’s clear that bookmakers see a potential Scottish Referendum as wide open. The betting market reflects the national mood, divided, uncertain, and highly sensitive to political developments.

Jake Ashton - Senior News Editor - OLBG.com

Referendum Betting Reflects National Division

The last time Scots were asked whether to leave the United Kingdom, the answer was “No” by a margin of 55% to 45%. 

But political dynamics have shifted significantly since then, with Brexit, leadership changes, and recent polling showing fluctuating support for independence.

The current odds from Paddy Power suggest bookmakers believe a future referendum could go either way, depending on timing, turnout, and the state of UK politics when the vote is held.

Top 10 Political Betting Websites in the UK
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Top 10 Political Betting Websites in the UK

Where to Bet on Politics

As with all major political events, Referendum betting offers punters a way to follow and capitalise on shifting public sentiment. 

You can find the best Betting Sites for political markets, along with the latest Free Bets to use on politics, sport, and beyond.

For those specialising in UK politics odds, keeping track of party movements, public polling, and legal developments around the right to call a referendum will be key to finding betting value.

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