England: White Christmas betting goes into 'overdrive' as temperatures plummet
3 Dec 2008
ENGLAND -- As reported by The Guardian: "The increasing prospect of a white Christmas forced bookmakers to slash their odds today after interest in the customary festive bet went into 'overdrive'.
"The icy weather, which has already brought chaos to many parts of the country, is set to extend with forecasters predicting more snowfall.
"...The predictions moved Ladbrokes to cut the chance of a white Christmas in London to 11-4 and 3-1 following another run of money.
"The bookmaker was originally offering 7-1 for snow on December 25 in the capital. But plummeting temperatures means that a white Christmas could cost bookies up to £1m..."