With the Volcano Ash causing disruption in the UK affecting large numbers of flights many holiday makers may be left out of pocket, this is where Volcano Betting comes in.
Cheeky bookmaker Paddy Power have created a betting site specifically for the purpose of betting on the outcome of volcanic ash affecting flights on a range of days from all the major UK and Irish airports allowing holidaymakers to hedge their bets if they are planning to fly abroad this summer. True to form, the geniuses at Paddy Power launched a holiday protection product to safeguard travellers against the threat of airport closures due to the ash plume.
Insurers may have balked at offering passengers cover against the latest airport closures caused by Iceland’s erupting Eyjafjallajökull volcano by linking it to a natural disaster but not Irish bookmaker Paddy Power. They have started taking bets on volcanic ash closing specific UK or Irish airports for at least an hour on dates between June 1 and August 31.
1. Log on to www.volcanobetting.com
2. Choose departure airport
3. Choose departure date
4. Odds will be available for your selected airport to close due to volcanic ash on your specified departure date.
5. Place your bet (e.g. a bet of €50 at 20/1 returns €1,050 if your airport closes on your specified departure date)
Airports covered are Heathrow, Gatwick, Stansted, Manchester, Birmingham, Glasgow, Dublin, Belfast, Shannon and Cork.
How to make your money back:
If you place a £20 bet at odds of 20/1 and the airport you choose is closed for at least 1 hour on the selected date, you’ll get £400 back, plus the £20 stake you initially placed.
Odds range from 10/1 – 25/1 depending on the departure airport and date selected.
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