Bookmakers have suspended betting on Rangers being relegated

Oddschecker sources have confirmed bookies will not take bets on the Glasgow club to finish bottom of the Scottish Premiership.

Just yesterday (January 7), Rangers were available to bet at a staggering 5000/1 to go down a tier of Scottish football.

Earlier this morning, that price plummeted to just 500/1, a drop of 90%, and finally resulted in bookmakers suspending markets completely.

Activity through the site has been abnormal, with a surge of bets on the downfall of Graeme Murty’s side.

23 points separate third-placed Rangers with bottom place Ross County, with the gap arguably too far to justify a swarm of betting on the club to go down.

A total of 94% of all bets on the ‘to finish bottom of the league’ markets have been placed on the blue side of Glasgow.

Oddschecker spokesperson George Elek said: "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 abnormal 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."