The bookmakers take on Brexit
Will they stay or will they go?
The story dominating news media and causing ructions in financial markets over the last few months comes to a head tomorrow when the UK votes to either remain in, or leave the EU.
Big day; big decision, and depending on which side of the leave or stay scare campaign you’ve been listening to… near cataclysmic consequences of a wrong choice.
According to the most reliable oracles of these types of outcomes – the bookies, the UK will still be in the EU long after tomorrow. They have the odds of UK exiting the EU at between 3:1 and 4:1. You won’t get a much of a return on a winning remain bet, with 1:4 the common payout.
Current odds at Ladbrokes…
Best value bet for the leaving the EU is 4’s at Betfair…
Bet365 offering middle of the road odds…
Not much value bet for the remain bet at William Hill…
And the lines at Paddy Power…
Percentage of voter turnout offers a better return. With the Brexit camp believing a higher turnout more likely to be good for the leave vote.
With voting now underway, in-play odds are now being offered, and
– lengthening (5:1) for leave,
– shortening considerably (1:8) for remain.
(bet365 odds quoted … they’re all similar 🙂
Well, well, well. In a bit of a shocker the long shot – leave – has won.
72% of the UK voted…52% of those decided to exit the EU.
Should have taken that 5:1