The EU referendum has broken all betting records with 100 million pounds expected to be wagered by the time polling booths close across the UK late tonight, with the Remain camp holding on to a firm lead.
Remain has been the odds-on favourite with the bookies ever since the date of the referendum was announced by British Prime Minister David Cameron in February.
They may have slashed their odds on a ‘Brexit’ win last month but over the last week they have once again hiked their anti-Brexit predictions to as much 2/9, implying an 82 per cent chance of victory for Remain. “I would be absolutely flabbergasted if the UK electorate vote to leave the EU,” said a spokesperson for online betting exchange Betfair.
With opinion polls not the most reliable since they wrongly predicted a hung Parliament in the 2015 General Election, gambling firms are seen as a better indicator of voting outcomes as people are seen to be backing their voting prospects with their own money.