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New Record for Largest Political Bet Set on Britain EU Referendum

New Record for Largest Political Bet Set on Britain EU Referendum

A new record for the largest political bet placed by a woman was set this week when a punter placed £100,000 on Britain remaining in the European Union.

The huge bet was placed by a woman who lives in central London at a William Hill betting shop. According to the bookmaker it is four times larger than the previous record. The previous record was set in 1992 when a woman bet £25,000 on Bill Clinton to beat George Bus at odds of 7/4 and collected £68,750.

The latest bet was placed at short odds of 2/5 which means that if it wins then the woman will receive just £40,000 but this is still a massive payout. Had she waited a little longer she could have benefited from slightly longer odds of 4/9.

However, ever since that bet was placed almost all of the bets placed at William Hill have been on the leave vote winning which suggests that the women may have a nervous few weeks ahead of her.

At all the bookmakers the Stay vote is still the favourite and the majority of them are offering odds of around 4/9. Leave is still some way behind with the major bookmakers offering odds of either 7/4 or 15/8.

Some bookmakers are also accepting bets on the percentage of voters to vote for remain. The shortest odds are of 50%-55% with Bet365, Ladbrokes, Sky Bet and more offering odds of 9/4. At Coral the odds are not much longer, 11/4, for 45.1% to 50% to vote for Remain.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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