|While Londoners are not getting respite from the scorching heat, high street bookies William Hill and Ladbrokes have slashed the odds on this summer being the hottest on record as temperatures soared to hit 31C. |
Weather experts say the heat could climb even higher to 33C, but the bookies don’t trust the Sun in a bid to avoid the vast payouts they suffered last year.
‘As the temperature rises, so does the heat of the money we see. Last year, we were confident that the mercury wouldn't reach 100F but in the end got burnt and took a cold bath when we shelled out well over £250,000. We're not going to make the same mistake again and have been forced to slash the odds,’ says Warren Lush, from Ladbrokes. The bookie has now reduced its odds of record temperatures from 20/1 to 10/1, while reaching 100F has now been set at 7/1.
Even William Hill is following suit and now offering 12/1 that temperatures will reach a record high, bringing down its odds from 20/1. It is offering just 8/1 that the mercury will hit 100F this year.
‘It is pretty uncommon weather for so early in June. Early June is usually fairly cool because sea temperatures are pretty cool,’ adds Lush.