Rafael Nadal's dramatic Wimbledon final has smashed all tennis turnover records with betting exchange Betfair. By the end of the four hour, 48 minute hour marathon, £49,137,328 (AUD$101 million) was traded on the match odds market alone - most of it while the match was in progress.
This is believed to represent a record volume for any single event traded at Betfair. The previous record was £35m for an Ashes Test in 2005, where trading levels were high while £30m was traded on last year's Wimbledon final between Federer and Nadal. Overall Betfair turnover on Wimbledon was in excess of AUD$1.2billion, up from $943million last year.
In the see-sawing classic, Nadal traded at 1.13 when a break up in the third set and 1.07 in the fourth when holding an advantage in the tie-break. He started the game as the 2.36 underdog with the Swiss world number one the 1.71 favourite. Those odds were nearly replicated at the opening of the fifth set, with Federer 1.78, Nadal 2.26.
This is believed to represent a record volume for any single event traded at Betfair. The previous record was £35m for an Ashes Test in 2005, where trading levels were high while £30m was traded on last year's Wimbledon final between Federer and Nadal. Overall Betfair turnover on Wimbledon was in excess of AUD$1.2billion, up from $943million last year.
In the see-sawing classic, Nadal traded at 1.13 when a break up in the third set and 1.07 in the fourth when holding an advantage in the tie-break. He started the game as the 2.36 underdog with the Swiss world number one the 1.71 favourite. Those odds were nearly replicated at the opening of the fifth set, with Federer 1.78, Nadal 2.26.
