William Hill Exit Grexit
William Hill have closed their market on whether Greece will leave the Eurozone before 2016. 'In such a volatile situation in which events can move very quickly it is very difficult to be confident that our odds are accurate.The only option people have been wanting to back for the past couple of days is that Grexit will happen this year and as we can no longer hope to balance our market so we have decided to pull the plug' said Hill's spokesman Graham Sharpe.
Hills have been betting on Grexit for over a year, making it an odds-on chance that the country would avoid Grexit. When the market was closed Hills were offering 2/9 (bet £9 to win £2) that Greece would remain in the Eurozone until 2016, but had slashed the odds about Grexit happening this year from 5/1 down to 3/1 (bet £1 win £3).
CLOSING GREXIT 2015 ODDS......2/9 NOT to happen; 3/1 to happen.
**GREECE is now 1/3 favourite with William Hill to be the first country to leave the European Union, with the UK 4/1 second favourite and Hungary 12/1 third favourite.