BRITAIN'S BIGGEST BOOKMAKERS, William Hill, say they expect £20million to be gambled on the outcome of the EU Referendum.
Hills also say that women have staked the largest bets on the two outcomes.
'A female client from central London placed her first ever bet of £100,000 on Remain at odds of 2/5 so stands to make a profit of £40,000, while on the Leave side another first time female client, from Kingston-upon-Thames, has bet £10,000 at odds of 11/4, standing to make a profit of £27,500' said Hill's spokesman Graam Sharpe. 'The Referendum is on course to produce a £20million betting turnover, making it the biggest political betting event we've ever seen. To this point, 67% of all the money staked on the EU Ref outcome is for Remain, but 69.6% of all individual bets placed are for Leave'
On Monday William Hill cut their odds for Remain on three occasions as they went from 4/11 to 1/3, then to 2/7 and now 1/5 (an 83% chance), while Leave was lengthened, from 11/5 to 9/4, to 13/5, then 7/2 (22% chance).
'It has not been unusual during the campaign to see sudden surges for one side or the other, and although the Monday money was mainly for Remain we still took a £5000 bet for Leave' said Sharpe.
LATEST WILLIAM HILL EU REFERENDUM ODDS; 1/5 REMAIN (83%); 7/2 LEAVE (22%)
VOTER TURNOUT: 15/8 65.01-70%; 9/4 70.01-75%; 7/2 60.01-65%; 5/1 75.01-80%. Others on request.
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