Referendum - Biggest Ever Gamble For Cameron - And Bookies!
William Hill are predicting that betting on the outcome of the EU Referendum will outstrip that on the Scottish Referendum to make it the biggest political betting event of all time.
'Mr Cameron may see the Referendum as a big gamble – and he is 7/1 to stand down as Tory leader during 2016, which he will come under pressure to do if the vote is to leave – but bookies will see it as perhaps the biggest ever political gamble.' said Hill's spokesman Graham Sharpe, 'Over £10 million was gambled on the outcome of the Scottish Referendum, during the course of which one of our clients staked a world record political wager of £900,000 and called it right, collecting a payout of £1,093,333.33- the client is still considering whether to make another hefty wager on the outcome of the EU Referendum.'
Hills currently offer odds of 2/7 (stake £7 for profit of £2) that the Referendum will produce a Remain outcome, 5/2 (stake £2 for profit of £5) for Leave.
It is 10/11 (stake £11 for profit of £10) with William Hill that the overall voting turnout will be 68% or greater, and 10/11 that it will be Under 68%.
Hills also offer 5/6 (stake £6 for profit of £5) that the Remain vote will be 55% or greater; and 5/6 that it will be Under 55%.
When will David Cameron stand down as Tory leader? 7/1 2016.......10/1 2017..........8/1 2018.........5/4 2019......10/11 2020......14/1 2021 or later.
***HILLS SAY THAT A REFERENDUM BEFORE THE END OF JUNE WILL COST THEM A FIVE FIGURE SUM AFTER PUNTERS BACKED THAT OPTION FROM 4/1 TO 1/4 FAVOURITE.