Bookmakers Cut Remain Odds Despite Narrow Polls

Bookmakers have cut the odds on Britain voting to remain in the EU, as a flurry of bets suggests the result may not be as finely balanced as the polls show.

William Hill cut its odds on a Remain vote for a third day running on Thursday to 1/5, giving an implied probability of 83 per cent, and it was joined by a host of other high street bookies.

By contrast, the Financial Times poll of polls suggested, as of May 17, that 46 percent of voters wish to stay and 40 percent to leave.

“Political punters suddenly seem to have made their minds up that, contrary to the opinion polls, ‘Remain’ is a rock solid bet — and as soon as we changed the odds on Thursday morning we took a four-figure bet at that price,” said a spokesperson for William Hill.

CNBC

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