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Royal Baby's Tardy Arrival a Boon to Bookies

While the world anxiously awaits the birth of the “royal baby,” British bookmakers wouldn’t mind if the newborn continues to delay his or her grand entrance a bit longer.

A good deal of the wagers accepted by bookies were by punters who believed that Kate and Prince William’s royal offspring would arrive last week. According to the Telegraph, Coral has profited well over £25,000 thus far, while Ladbrokes counts its profits upwards of £18,000.

The odds of the baby arriving last Wednesday were set at 3/1 by Ladbrokes. And the following day saw the betting firm take in 1,142 bets from punters who predicted the birth on Thursday. Those days have come and gone and the longer that the royal baby takes to enter the world, the more bookmakers are expected to reap.

Another popular wager by those experiencing royal baby fever is the name that William and Kate have chosen for their bundle of joy. If its a girl, oddsmakers are leaning toward Alexandra or Charlotte. George, James or Henry are the favored names if the royal family welcomes a boy.

Meanwhile, dozens of reporters have been camped out just outside of West London’s St. Mary’s Hospital for almost two weeks in anticipation of the blessed event. The media had been reporting an imminent arrival of the royal baby, which has favored bookmakers considerably. Followers have been google-searching “royal baby” at a frenzied pace, with over 100,000 such searches reported from Britain alone late last week.

 

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Charles Rettmuller

Charles has been an avid poker player for a number of years, both live and online. He holds a degree in journalism and previously worked as a reporter for a Chicago-based newspaper. Charles joined the PokerUpdate team in early 2012 and writes daily news articles for the site.

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