Are Brexit hopes fading? Barometer swings back to Remain

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The Brexit rally has started to fade as high-staking Remain backers place increasingly-large pro-EU wagers on the outcome of the upcoming Referendum.

We had recently seen a surge of support for Leave in the betting markets with our Brexit Barometer indicating a 32 per cent chance at one stage last week.

However, that boon appears to be over with Leave sliding back to 28 per cent, or 12/5 if you’re examining the odds.

And it’s high-staking Remain backers who are preventing any further price shortening for Brexit.

Longer odds of 1/3 attracted a slew of four and five figure punts from those looking for a bit of value about the chances of Britain voting to stay in the EU.

As of 17:00 yesterday afternoon a whopping 75 per cent of bets placed were in favour of Remain as political punters made their presence felt.

Alex Donohue of Ladbrokes said: “The Remainers have been out in force today. They clearly all agree that 1/3 is a price worth taking and a flood of remain cash has washed away the prospect of the leave odds shortening any further.”

Ladbrokes latest betting:

Leave 12/5 (28%)

Remain 3/10 (72%)

Keep checking back to our dedicated EU Referendum site for the latest market moves, insight and analysis.

All Odds and Markets are correct as of the date of publishing.

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William Geldart

Having graduated with a degree in English Literature from the University of Wales, Bangor, William contributed to a number of online football blogs before finally finding his pot of gold at the end of the rainbow alongside the rest of the Ladbrokes News team. Now indulging passions for football, horse racing, greyhounds, boxing and political betting. Supports Wycombe Wanderers and can be spotted at various lower league and non-league grounds across the country.