1. Betting odds indicate 59 per cent chance of “In” ahead of UK’s EU vote-Betfair

Betting odds indicate 59 per cent chance of “In” ahead of UK’s EU vote-Betfair

The implied probability of an "In" vote on June 23 fell after three separate polling firms put the "Out" campaign in the lead.

By: | London | Published: June 14, 2016 12:57 PM
brexit As recently as last Thursday betting odds indicated a 78 percent probability of an In vote, according to Betfair. (Reuters)

The implied probability of a British vote to stay in the European Union fell to 59 percent on Tuesday, down from 78 percent last week, according to betting odds supplied by Betfair.

The implied probability of an “In” vote on June 23 fell after three separate polling firms put the “Out” campaign in the lead.

As recently as last Thursday betting odds indicated a 78 percent probability of an In vote, according to Betfair.

ALSO READ: Knee-jerk or insulated? How Brexit will impact Indian markets, rupee

While betting odds have consistently indicated an In victory, opinion pollsters have so far painted a far closer picture.

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