Abnormal activity forces bookies to suspend Rangers to finish bottom of Premiership9th January 2018 / lee
There was some abnormal betting activities taking place on Monday, January 8th on Glasgow Rangers finishing bottom of the Scottish Premiership. Bookmakers had to suspend betting on the market following the circulation of rumours that the Gers are facing administration. Graeme Murty’s men were 23 points clear of the bottom of the league at the time that all of this sparked up.
Famously Rangers fell into administration and receivership in 2012 and had to rebuild their way back from the Old Third Division to the top flight. There is a 15 point penalty for a club going into administration and therefore even if that were to happen, it would be highly unlikely that Rangers would get relegated. If that points deduction were to hit right now they would be in seventh place only one behind St Johnstone.
There are only eleven games until the Premiership splits up into two sections, the top six and the bottom six. Each side then plays a further five games against the others in their section so if Rangers were to suffer a points loss but still make the split then they wouldn’t have any issues of relegation, as no-one from the top six after the split can be relegated.
Rangers were 5,000/1 to finish bottom of the Scottish Premiership on Sunday, January 7th before all of this started. By Monday morning they were down to 500/1 and then with bets still flooding in, bookmakers had no choice but to suspend the market altogether. There was so much abnormal activity it was reported that now 94% of all bets on ‘to finish bottom of the league’ markets have gone on Rangers.
Rangers’ position in the league, of course, didn’t warrant the heavy influx of bets coming on for them to finish bottom of the pile and that set red flags going. But with the rumours going around and escalating on social media about administration, the bets kept coming and the bookmakers had to shut up shop.
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