Bookies braced for EU Referendum day betting frenzy
We’ve already witnessed a sustained period of EU Referendum betting but it appears there will be no let-up on the day Britain goes to the polls.
Overall, Wednesday 22 June was the busiest day of Referendum betting to date with an estimated £20m expected to go through the tills of the bookmaking industry on polling day.
Yesterday our traders reported that 62 per cent of bets were placed on a Leave outcome with the chances of Brexit currently rated at 24 per cent, or 3/1 in betting terms.
Remain is still the 1/4 (76 per cent chance) favourite though and the big backers are still out in force with a £20,000 wager placed on that outcome by a punter from Nottingham.
Large stakes on Remain have been the norm throughout the campaign with the average bet on an In vote currently standing at £376, dwarfing the £72 average for Leave.
And in another twist, the aptly-named horse ‘Brexit’ will be running in the 18:10 at Newbury this evening
The Pat Phelan-trained charge is 16/1 for victory while we’re also offering odds of 66/1 for a Brexit double.
Alex Donohue of Ladbrokes said: “The stage is set for the busiest political betting day in history. The serious cash is on Remain, but there’s a relentless stream of smaller bets on Leave. the betting markets still heavily favour a Remain outcome, but Brexit backers are betting this one will go right to the wire.”
Ladbrokes latest betting:
Remain 1/4 (74%)
Leave 3/1 (26%)
Keep checking back to our dedicated EU Referendum site for the latest market moves, insight and analysis.
All Odds and Markets are correct as of the date of publishing.