People love royalty. You may have your own opinions about it, but it is undeniable that the British Royal Family are exceedingly popular amongst generations old and young. The sense of grandeur that comes with being ‘a royal’ is intriguing to millions around the world. How does it feel to be a King or Queen? To have every man, woman and child know your name? To be a cultural icon across the world? Only few will ever know, and marrying into such a family is somewhat of a fairytale - for most.
The British Royal Family, on a normal day, are the subject of the media’s attention, and as such, a Royal Wedding is always a circus. When Prince William married Kate Middleton in 2011 over 36.7 million individuals tuned into their TVs to watch, while 72 million took in the wedding on YouTube live streams. Royal Wedding specials betting has become an absolute phenomenon, and the bookies take in millions of pounds in bets as a result.
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When Royal Wedding betting it’s important to understand the odds. Even though many Royal Wedding bets are just a bit of fun, it’s still crucial to understand implied probability and how it can affect the outcome of your stake. To calculate implied probability from decimal odds the equation runs like this:
(1 / decimal odds) * 100 = implied probability
Let’s use the example of the May 2018 wedding. If a bookmaker offers Prince William to be Prince Harry’s best man at 1.02 then the implied probability of this bet is 98%. This is calculated like this:
(1 / 1.02) * 100 = 98%
Understanding implied probability is crucially important for a long-term betting strategy. Winning a bet on a Royal Wedding is no different to any other event or sports - do some research, consider the implied probability that you derive from the bookies' odds, and you might come out on top!
Prince Harry married Meghan Markle, an American actress, on May 19th 2018. This was the first royal wedding since William and Kate’s famous nuptials in 2011. The pair got engaged on November 27th 2017.
The best online bookmakers offered bets on everything from the designer of the dress to the type of haircut Prince William sported for the occasion. The event, similar to the 2011 wedding, was broadcast to millions on live television and streamed on YouTube for those without TV access.
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