Punters Bet Big on Remain

cameron paddypower

Since Cameron’s Conservative Party claimed a shock majority in last year’s general election, we’ve experienced an intense build-up to the UK’s European Union Membership Referendum. This week, voters of the UK will either maintain or reject its EU member state status after more than 40 years of trade and co-operation. Up to lunchtime on Monday, the odds say 1/4 to vote In (Remain campaign), and 3/1 to vote Out (Brexit) – driven by a significant new surge of bets on Remain.

Paddy Power has found that high-stakes punters seemed cagey about taking the Leave odds until recently, even at generous odds like the 9/2 that was available at the end of May this year.

In mid-June, two big polling outfits reported 7% leads for Leave when excluding undecided voters. This represented a marked success for the Leave camp, because decided voters for Exit were growing whilst Remain numbers were static. Even then customers appeared to be reluctant to accept the trend. We struggled to sell Exit at 3.5 for days. We even attracted several five-figure sums on Remain at odds between 1.18 and 1.22 during those days.

Eventually there was a take up of the Leave odds as the delayed effect of the polls was finally felt, but considering the consistency of the apparent popularity for Leave in the polls and the press, the odds did not settle as short as one might expect. In the last seven days, Exit odds dropped as low as 6/4 before stabilising at 9/4.

The big guns are out now, and punters have wagered a whopping £500k this. Two single bets of £30k were placed on Remain at odds of 1/3 – the betting support for Remain is huge and shows no signs of faltering.

Read more here…




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Gavin Williamson overheard in Brussels…

 “What’s the point of listening to French politicians?”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Even Remainers Think BBC Is Anti-Brexit Even Remainers Think BBC Is Anti-Brexit
Cabinet Sub-Committee Committed to Divergence and Taking Back Control of Laws Cabinet Sub-Committee Committed to Divergence and Taking Back Control of Laws
Sunday Show Highlights Sunday Show Highlights
No Facebook Engagement Drop Off Seen Here No Facebook Engagement Drop Off Seen Here
Leadsom Contacts Police Over Brexit Death Threat Leadsom Contacts Police Over Brexit Death Threat
Mogg vs Faisal Mogg vs Faisal
Remain Loons Send Death Threat to 80-Year-Old Brexiteer Remain Loons Send Death Threat to 80-Year-Old Brexiteer
Tory MPs Kicking Off Over Plot to Keep Us in Customs Union Tory MPs Kicking Off Over Plot to Keep Us in Customs Union
Heywood Hits Back Heywood Hits Back
Peers Brand Adonis a Loon Peers Brand Adonis a Loon
10 Questions For Jeremy Heywood to Answer 10 Questions For Jeremy Heywood to Answer
Treasury and Cabinet Office Mandarins Behind Brexit Doom Document Treasury and Cabinet Office Mandarins Behind Brexit Doom Document
Growth Better Than Predicted #DespiteBrexit Growth Better Than Predicted #DespiteBrexit
Former DIT Perm Sec Writing for Pro-EU Spin Shop Former DIT Perm Sec Writing for Pro-EU Spin Shop
Did Heywood Have Permission to Defend Remain Ally Robbins? Did Heywood Have Permission to Defend Remain Ally Robbins?
Dover Traffic at Record Levels Dover Traffic at Record Levels
Khan’s ‘Independent’ Brexit Study Written by Leave-Bashers And Corbynistas Khan’s ‘Independent’ Brexit Study Written by Leave-Bashers And Corbynistas
EU Propaganda Service Chooses Soubry’s Constituency For New Base EU Propaganda Service Chooses Soubry’s Constituency For New Base
#DespiteBrexit Double Whammy #DespiteBrexit Double Whammy
Blair Lies About NHS Brexodus Blair Lies About NHS Brexodus