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article imageBankers Bet on Number of Arrests, Deaths and Injuries at G20

By Kesavan Unnikrishnan     Apr 2, 2009 in Business
As the protests and marches against the G20 and bankers were turning violent, many traders were making money by placing bets on number of Arrests, Deaths and Injuries.
Betting sites in Britain were busier than normal Yesterday. The first reason was the soccer match between Ukraine and England, while many others were betting on number of Arrests, Deaths and Injuries at the G-20 summit. Even the death of a protester helped the traders to make money.
Traders were betting 7/2 that more than 150 arrests are made, it was 6/1 for 101 to 125 apprehensions and the list goes on like that. Guardian reports many traders who had placed bets for higher number of arrests were complaining of police inaction.Many traders and bankers had taken a holiday yesterday as they were scared of being targeted by the protesters.
Darren Haines, spokesman for Paddy Power, a betting site said:
Whilst most of the country probably agrees with the protesters no one will want to see them overstep the mark and it will only take a few of the foolish ones to get carried away for the numbers to start totting up.
Meanwhile, many traders were betting on the odds of French President Nicolas Sarkozy will walk out of the summit. One betting site is offering 6/4 that Sarkozy quits the G20 conference if France fails to secure the tighter global financial regulations it is looking for.
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