Osborne 'Leader' Odds Lengthen After Budget; Devon-Sent Brexit Gamble
George Osborne has been lengthened from 11/4 to 3/1 second favourite by William Hill to succeed David Cameron as Tory leader following his Budget Speech, while William Hill have shortened Boris Johnson from 9/4 to 2/1 favourite.
'Mr Osborne cost us dear by wearing a blue tie – which was 8/11 favourite - and speaking for over 55minutes, another odds-on favourite, and he gave his usual polished performance but we don't think it will have converted many Boris Johnson supporters' said William Hill's spokesman Graham Sharpe.'We could also have done without Mr Osborne mentioning the 'Northern Powerhouse' and 'Scotland'- he was a 7/4 and 3/1 chance to do so respectively.'
George Osborne is 6/1 to cease to be Chancellor during 2016 with Hills who offer 7/1 that will happen in 2017; 9/1 2018; 3/1 2019; 5/4 2020; 7/1 2021+
A mini gamble on Brexit has shortened the odds for that outcome to the EU Referendum as a string of bets, including one of £5000 from a William Hill client in Devon has seen the odds cut from 9/4 (stake 4 for profit of 9) to 15/8 (8 for profit of 15), while the 'Remain' odds have been lengthened by William Hills from 1/3 to 2/5.
'We saw a sudden burst of betting interest in the Brexit option, including the £5000 stake, and with over 71% of all bets already being staked on Brexit we were left with little alternative but to tighten up the odds' said William Hill's spokesman Graham Sharpe.
EU Referendum Outcome: 2/5 REMAIN; 15/8 BREXIT
Voter Turnout: 1/2 LESS THAN 68%, 6/4 68%+
Percentage vote for 'Remain': 8/11 55%+ ; EVENS U55%