Bookmakers Cut Odds on White Christmas

5 December 2008

While some dream of having a white Christmas, bookmakers like Ladbrokes are scurrying to cut odds on it as temperatures dip in the United Kingdom.

On Wednesday, The Guardian reported that some bookmakers feared they would lose £1 million if the odds weren’t changed. The newspaper said Ladbrokes slashed the odds of having a snow-piled Christmas in London from 7-to-1 to 11-to-4 and 3-to-1.

“We're frozen with fear at the prospect of a white Christmas,” Nick Weinberg, Ladbrokes spokesman, told The Guardian. “Interest in the traditional festive wager has gone into overdrive this year.”