Bookies Open EU Referendum Betting Markets

March 9th, 2016

SHARE

Bookies Open EU Referendum Betting Markets

It's one of the hottest topics of debate in UK politics at the moment. Now punters can put their money where their mouths are, with a number of bookmakers taking bets on the outcome of the EU referendum vote, which will be held on Thursday 23rd June 2016.

Current Odds

Betfred Sports is just one sportsbook that's accepting bets as to whether the UK will remain in the EU after the referendum. This betting market follows in the footsteps of the General Election of last year, which saw millions of pounds wagered on its result.

At the time of writing, the bookie, which is headquartered in Warrington, has priced the 'Remain' vote at 1/3, with 'Leave' being the outsider at 9/4. Betfred spokesman Peter Spencer said:

“Around 60 people in the Warrington area have voted on it and so far about two-thirds of them are in favour of staying in. The General Election affects people's lives for four to five years but this will impact on them for decades to come – it is so important."

Should We Stay or Should We go?

A number of bookmakers have also created prices for yes and no voters to have a flutter or two, with William Hill Sports offering a multitude of markets. As well as the main category of ‘Remain or Leave’, they're accepting bets on the percentage of ‘Remain’ votes cast as well as voter turnout.

Punters can even have a flutter on the individual country voting results, with England, Scotland and Wales all having their own reasons to remain in the EU or seek independence.

Poll Pattern

As ever, a number of polls have been conducted to gauge early voter patterns; most notably by YouGov, who have found in their last four polls that the support for the Remain campaign has become stronger. Their initial vote early in February found that Leave had taken an early lead with 38%, which contradicted the bookmakers’ pricing; although since then the Remain campaign has been supported more prominently, with up to 40% of the votes.

The big problem for the sportsbooks is trying to uncover the intentions of the ‘undecided’ voters, which account for around 20% of the popular poll findings. Between 2% and 5% have confirmed that they won’t vote, and so the floating voters will need convincing by the campaigns put together by David Cameron (Remain) and Boris Johnson (Leave) in the coming months.

But as ever, it could be the older generation who has the biggest say. Early indications show that 78% of over 65s voted in the General Election of 2015, with less than half (43%) of 18-24 year olds following suit. With nearly double the older demographic voting than the younger, and then tending to side with more conservative politics and thus the Leave campaign, perhaps the 9/4 offered by William Hill represents sound betting value.

To get a head-start on the latest EU referendum odds, head over to Bedfred Sports today!

Betting News Articles


First New Jersey Sportsbook Construction Announced by MGM
First New Jersey Sportsbook Construction Announced by MGM

MGM is set to build New Jersey's first ever sportsbook with an estimated cost of a whopping $7 million. It is the first indication that many of New Jersey’s key players are convinced the Supreme Court ... Read More

Everything to Know About the NJ Sports Betting Case
Everything to Know About the NJ Sports Betting Case

Never has the US sports betting ban been so close to being overturned thanks New Jersey's sports betting case set to be heard by Supreme Court. Find out everything you need to know about the potential ... Read More

NBA Surprisingly Flips Stance on Legalised Sports Betting
NBA Surprisingly Flips Stance on Legalised Sports Betting

Until recently, both the president and all major US sports leagues were in full support of continuing the betting ban. Now however, the National Basketball Association (NBA) has changed its stance and ... Read More

New York Joins New Jersey in Push for Sports Betting in US
New York Joins New Jersey in Push for Sports Betting in US

In appealing the Supreme Court’s decision to uphold the Professional and Amateur Sports Participation Act (PASPA), New Jersey has not only given itself the possibility of legalising sports betting in ... Read More

Most Popular Sports Franchise in the US Joins eSports Boom
Most Popular Sports Franchise in the US Joins eSports Boom

The synergy between the worlds of sport, gambling and eSports took another step forward recently when the New York Yankees announced a move into the competitive gaming industry, a deal that sees the b ... Read More

Trump and Major US Leagues Support NJ Sports Betting Ban
Trump and Major US Leagues Support NJ Sports Betting Ban

As the state of New Jersey squares off with the Supreme Court over the legality of a sports betting ban, the 'Garden State' has met some push-back from not only the professional sports leagues, includ ... Read More

Betting Navigation

Newsletter

Sign up for the free Gambling.com Newsletter to stay on top of all the best bonuses!
We will never share or misuse your personal information. Privacy Policy

Latest Betting News

BettingGuides

Country Guide

DISCLAIMER: Online Wagering is illegal in some Jurisdictions. It is your responsibility to check your local regulations before playing online. GDC Trading Ltd takes no responsibility for your actions.
© 2011-2017 GDC Trading Limited. All Rights Reserved. Gambling.com is a registered trademark of GDC Trading Limited.
Terms and Conditions   |   Privacy Policy

facebooktwitter