Brexit: Betting markets predicts clear win for Remain camp
Written by on 16 June 2016 in News
The betting market has put itself on a direct collision course with pollsters by predicting a clear win for the Remain camp in next week's UK referendum. Photo credit: PA
Bookmakers are forecasting a 60 per cent victory for those wanting to stay in the EU against 40 per cent for the Leave side.
The figures are based on the most recent betting exchanges between bookmakers.
Their forecast directly contradicts what current opinion polls are saying, with the latest predicting a seven per cent lead for the Leave camp
.At a news conference in Brussels on Thursday, ESSA, the sports betting trade body, said the betting odds for Brexit should be seen as a more reliable outcome than polls of the 23 June referendum.
However, Eric Konnings, a sports betting integrity officer for the betting company Unibet, conceded that the gap between the Leave and Remain sides had narrowed in recent weeks.
He said, "Six weeks ago, the gap was arguably at its widest with a clear majority for staying but by 14 June the gap had narrowed and is now the closest it has been since bets started on Brexit."
This flies in the face of polls which have seen an increase in support for the Leave.
"However, pollsters are under pressure after getting the outcome of the last UK general election badly wrong."
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