Brexit: Bookies are betting on Remain

Britain votes on crucial Brexit referendum

GN Bureau | June 23, 2016


#Diplomacy   #Europe   #Britain   #Brexit   #Economy  

(Photo: Twitter/David_Cameron)

Thursday’s Brexit referendum has generated high passions, dividing people not only of Britain but across the world. Will Britain ‘remain’ part of the European Union or ‘leave’ it? The results of the vote will be out in 24 hours, but the bookies are betting on the ‘remain’ option to win.

There have been numerous opinion polls, but on the whole the picture is not clear, with the margin between the two options remaining quite narrow in all of them. Thus, the bookies’ bet is rather surprising.

Ladbrokes, a leading online betting portal, has a “betting outcome barometer based on live odds”, which predicts a whopping 76 percent votes in favour of ‘remain’. On Thursday morning, as people queued up for the vote, the going rates on Ladbrokes were 3/1 for ‘leave’ and 4/1 for ‘remain’.  [The lower rate (3) means higher odds.]

Puzzled about Brexit? Here’s a primer: All about Brexit

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