Tuesday 28 February 2017

Brexit: Bookmaker slashes odds of Britain remaining in EU

Guy Faulconbridge

Britain's Prime Minister David Cameron sips from an
Britain's Prime Minister David Cameron sips from an "I'm In" mug as he meets television presenters Jeremy Clarkson and James May during a visit to W Chump & Sons Ltd TV studio in west London. Photo: AFP/Getty Images

The implied probability of a British vote to remain in the European Union soared to 78 per cent, up from a range between 60 and 67 percent on Friday, according to Betfair betting odds.

William Hill said it was offering odds of 1/5, or an 83 percent chance, for a vote to Remain.

"It has not been unusual during the campaign to see sudden surges for one side or the other, and although the Monday money was mainly for Remain we still took a 5,000 pound bet for Leave," said William Hill spokesman Graham Sharpe.

Britain votes on whether to leave the EU on Thursday.

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