This is a rather strange development…
Bookmakers have suspended betting on Rangers to be relegated from the Scottish Premiership, despite the fact the club lie third in the table, nowhere near danger of the drop zone.
Amidst speculation that Rangers are in deep financial trouble again, there have been a number of bets placed which have alerted bookies, so much so that they have been forced to suspend the markets for Rangers to be relegated and for them to finish bottom of the league.
This is despite the club sitting a comfortable 23 points ahead of last-placed Ross County.
Strong rumours have been doing the rounds implying that Rangers are headed for financial disaster yet again. As is well documented, the club went into liquidation in 2012 and were required to effectively restart their club with a new corporate identity in the fourth tier of Scottish football.
Now, having fought their way back up to the top division with three promotions in four years, all the hard work may crumble before their eyes if these suspicious betting patterns have any substance behind them.
Yesterday, Rangers were 5,000/1 to be relegated. Those odds came down to 500/1 today following in excess of 60 individual bets and 94 per cent of bets on them ‘to finish bottom of the SPL’ market were on Rangers.
Oddschecker spokesperson George Elek was forced to release this statement when it became clear bookies were raising suspicions as a result of the unusual patterns.
“Unusual betting patterns have been prevalent today regarding Rangers and finishing bottom of the Scottish Premiership. An unusual amount of bets were placed on the club to be relegated – despite sitting in a comfortable position in the league.
“However, with rumours starting to circulate on social media, and bookmakers suspending markets, it is easy to see how the story is starting to gather pace.
“We’ve seen an abnormally massive amount of bets on Rangers to be relegated today, with punters piling in on the massive price of 5000/1.
“So much so, that bookmakers will no longer take bets on Murty’s team finishing bottom of the league – despite being a whopping 23 points off of it.
“To call it a strange would be an understatement, and Oddschecker sources have confirmed the unusual activity in the betting for Rangers to be relegated, similar to the circumstances the club faced first time around with their financial struggles.”
Keep your eyes peeled for more on this intriguing story.