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Unemployment Rate: You Can Bet On It

Written by:
Alistair Prescott
Published on:
May/25/2009
Unemployment

The unemployment rate throughout the world is skyrocketing.  And while online gambling websites based out of the United Kingdom have long been offering unemployment betting, Centrebet becomes the first to do so down under in Australia

Most recently 5.4 per cent after sliding from 5.7 per cent, the agency will pay out $4 to any punter prepared to put a dollar on the rate being steady when the next figures come out next month, writes Peter Martin of the Melbourne Herald Sun. 

"The odds it's offering suggest it believes the most likely result is a jump back to 5.7 per cent, and the least likely a recovery to below 5 per cent.

"The Alice Springs-based bookmaker will pay out a generous $34 to anyone brave enough to put a dollar on an unemployment rate of 4.9 per cent or below."

Alistair Prescott, Gambling911.com 

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