Remain now 1-5 as punters switch sides in referendum betting
Bookmaker Coral has cut the odds on the Remain campaign winning Thursday’s EU Referendum to 1-5 (from 1-3), after political punters put significant money on the UK staying in in the last 72 hours. The odds on Leave, which had been as short as 5-4 at the end of last week, are now out to 10-3, the latest swing in what Coral are calling the most volatile political betting market ever.
“A month ago, Remain was 1-7 and Leave 4-1, and in betting terms the contest looked as good as over, but then we saw a sustained surge of bets placed on Leave, which saw their odds collapse to as short as 6-5, and at that stage it looked as if they could even take over as favourites,” said Coral’s David Stevens.
“Now, in what can only be described as the most volatile political betting market ever, there has been a complete U-turn back to Remain, with 85% of the bets taken since Saturday morning backing that outcome, and it is once again a long odds-on favourite, despite the polls currently having the two sides closely matched ahead of Thursday’s vote,” added Stevens.
**EU Referendum – Coral bet
1-5 (from 1-3) Remain, 10-3 (from 9-4) Leave
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David Stevens 07720 400438