Daily Management Review

‘It Seems Inevitable Brexit Will Be Favorite By The Weekend’


06/17/2016


British vote probability betting results show a shifting trend in favour of Brexit.



In the last week probability maintained a seventy eight percent of British vote in favour of Remain campaign, while this week the “implied probability” came down sixty two percent on Tuesday, 14th June 2016, reported Betfair as per “betting odds”.
 
Bookmakers, who remained strong supporter of the Remain camp till last week, slashed “the odds” on Brexit, while the polling firms’ results showed a “growing” shift towards the Leave camp, as the referendum on the 23rd of June 2016 draws near.
 
The bookmaker, William Hill thinks that the way the betting trend is shaping up, by this weekend, the Leave camp may turn out to be the favourite of Britain, while a spokesman of William Hill, Graham Sharpe, stated:
"We were forced to shorten our Brexit odds yet again overnight ... and the momentum is such that it seems inevitable Brexit will be favorite by the weekend if this trend continues”.
 
 
 
 
 
 
 
 
 
References:
http://uk.reuters.com/







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