'Remain' Odds Shorten Yet Again
Bookmakers William Hill have had to take evasive action and shorten their odds for the second consecutive day as political punters pour pounds on a 'Remain' outcome to the EU Referendum.
William Hill had been offering odds of 3/10, representing a 76% chance of happening, on Monday morning, but the volume of bets for 'Remain' saw them cut the odds to 2/7 or 78% - and they have not cut them again, this time to 1/4 - meaning an 80% chance.
Meanwhile, the odds for 'Leave' have been lengthened from 12/5 to 13/5, and now stand at 11/4.
'The last forty eight hours have seen the biggest swing in odds since the campaign got underway and the momentum seems to be behind 'Remain' - and now 75.3% of the money gambled so far has been for 'Remain', the biggest percentage so far- Leave money has, for the time being, virtually dried up' said William Hill's spokesman Graham Sharpe.
Latest William Hill EU Referendum Odds: 1/4 Remain; 11/4 Leave