He bet against the pound until the central bank gave up trying to protect its value.
Not exact matches
Soros is best known for making $ 1 billion
betting against the British
pound in 1992.
Jim Rogers, whose Quantum Fund famously
bet against the British
Pound and brought the Bank of England to it's knees, said, «A $ 68 trillion «Biblical» collapse is poised to wipe out millions of Americans.»
Now with the post-Brexit impact that has seen the RMB strengthening by close to 10 %
against the British
Pound, Chinese tourists are already flocking towards the UK.22 In fact, Chinese demand for UK properties have surged post-Brexit as well, so you can
bet that the UK will be on the list for Chinese this Golden Week.
12/22/11 — Large NFL Home Underdogs Provide Late Season Value 12/14/11 — College Football Bowl Season 70/30
Betting System 12/07/11 — In the 13th Week He Rose Again: Public Bettors Back on Tebow 11/30/11 — Identifying False Line Moves 11/16/11 — How to Win with Steam Moves 11/09/11 — Optimum Levels for
Betting Against the Public 11/02/11 — Boston Bruins
Pounding the Public 10/19/11 — The Tim Tebow Effect 10/12/11 — Public Chasing Their Way to Even in 2011 10/05 / 11 — The Public's Love / Hate Relationship with the 2011 Buffalo Bills
We have also written at length about how it is profitable to
bet against ranked College Football teams, fade NFL teams in «must - win» situations, take NBA underdogs after a blowout loss and
pound the over in bad weather NFL games.
The whole concept of
betting against the public is based on the idea that «square» or uninformed public bettors create artificial line value by
pounding one side — typically the favorite or the over.
And even though the 2 - 7 Golden Gophers played hard last week on the road
against then # 17 Michigan State (lost 31 - 24), the
betting public is
pounding Wisconsin, with more than eight out of ten spread
bets confident in Russel Wilson engineering a 28 point win or more on the road.
Wednesday was a huge
betting content day at The Action Network, headlined by market reaction to Aaron Rodgers» return, whether it's smart to
bet against tanking NFL teams and a random college basketball game being
pounding by sharp money.
Certainly, for Soros,
betting against the British
pound when the whole world was long, paid off; it's a good example of how not following the herd and not being over-committed to a view can pay off.
The fund, which started in 1969, is perhaps most famous for its massive
bets against the British
pound just before the Black Wednesday crisis in 1992 — when the UK dropped out of the European Exchange Rate Mechanism.