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With Days to Go Betting Odds Shift in Favour of Remain

With Days to Go Betting Odds Shift in Favour of Remain

With just a few days to go until the EU Referendum in Britain the odds have changed direction once again and swung hugely in favour of a Remain vote.

Last week some bookies were predicting a Leave vote to be the odds-on favourite with over 72% of bets on a Brexit. However, this has not happened. At Ladbrokes there is just a 27% chance of Leave winning while William Hill has it at 28.5%. Ladbrokes said that this Monday 95% of bets placed were on a Remain vote.

Spokespeople for both bookmakers have said that the shift is significant and now things are strongly in favour of Remain. Overall most bets are still on Leave and it is expected that bookmakers would suffer if Leave does win. The EU Referendum has become the biggest market for any UK political event ever with the number of bets placed reaching World Cup proportions. More than £30 million has been bet compared to £35 million on the 2014 World Cup.

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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