Brexit: Bookies are betting on Remain

Britain votes on crucial Brexit referendum

GN Bureau | June 23, 2016


#Diplomacy   #Europe   #Britain   #Brexit   #Economy  


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

Comments

 

Other News

How social media is reshaping elections

Since Brazil’s return to direct presidential elections in 1985, no candidate who finished second in the first round of polling had ever won the presidency. Luiz Inácio Lula da Silva, now 81, has just done it. What explains the comeback, and what changed in Brazilian politics to make it possi

Cabinet approves Dearness Allowance, Dearness Relief

The union cabinet chaired by prime minister Narendra Modi on Wednesday approved the release of an additional instalment of Dearness Allowance (DA) to central government employees and Dearness Relief (DR) to pensioners with effect from 01.07.2026 representing an increase of 3% over the existing rates of 6

Cyclone Arnab strikes Andhra as warming oceans amplify storm risks

Cyclone Arnab made landfall along the Andhra Pradesh and Yanam coasts in the early hours of Wednesday as a very severe cyclonic storm, with maximum sustained wind speeds of 125–135 kmph and gusts reaching 150 kmph. Its rapid intensification has raised concerns about how warmer oceans, global warmin

Counting matters but which ones?

The first instinct of public policy is to count. Its harder task is to count what counts. We have become remarkably good at measuring the reach of the welfare state vis-à-vis beneficiaries covered, rupees transferred, houses built, connections installed and services delivered. But some of the most

Inching closer to a trade deal with America

The cooperation between India and the United States goes back quite a time. We need to relegate that era to the backburner when Pandit Jawaharlal Nehru visited US in the times of president Dwight Eisenhower and called the American let-off of 10 million dollars in defence aid to Pakistan as a “gun w

Manch vs Musk: Forty people and a foreign billionaire

About forty people walked the roundabout on Teen Murti Marg to the gate of Chanakyapuri police station, a distance you could cover in under a minute, on Friday to protest against Elon Musk’s Starlink. The walk was called by the Swadeshi Jagaran Manch. Nobody joined them on the way, and nobody seeme

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter