Bookies braced for EU Referendum day betting frenzy

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We’ve already witnessed a sustained period of EU Referendum betting but it appears there will be no let-up on the day Britain goes to the polls. 

Overall, Wednesday 22 June was the busiest day of Referendum betting to date with an estimated £20m expected to go through the tills of the bookmaking industry on polling day.

Yesterday our traders reported that 62 per cent of bets were placed on a Leave outcome with the chances of Brexit currently rated at 24 per cent, or 3/1 in betting terms.

Remain is still the 1/4 (76 per cent chance) favourite though and the big backers are still out in force with a £20,000 wager placed on that outcome by a punter from Nottingham.

Large stakes on Remain have been the norm throughout the campaign with the average bet on an In vote currently standing at £376, dwarfing the £72 average for Leave.

And in another twist, the aptly-named horse ‘Brexit’ will be running in the 18:10 at Newbury this evening

The Pat Phelan-trained charge is 16/1 for victory while we’re also offering odds of 66/1 for a Brexit double.

Alex Donohue of Ladbrokes said: “The stage is set for the busiest political betting day in history. The serious cash is on Remain, but there’s a relentless stream of smaller bets on Leave. the betting markets still heavily favour a Remain outcome, but Brexit backers are betting this one will go right to the wire.”

Ladbrokes latest betting:

Referendum outcome

Remain 1/4 (74%)

Leave 3/1 (26%)

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.