Bookmakers dramatically change odds, predict Britain’s exit

  • AFP, London
  • Updated: Jun 24, 2016 07:37 IST
An illuminated "In or Out" sign is pictured outside a house in Hangleton near Brighton in southern England. (AFP)

Bookmakers dramatically reversed the odds on Britain leaving the European Union on Friday as early results from a historic referendum pointed to strong support for a Brexit.

Just hours after giving odds that indicated an estimated 90-percent chance of Britain staying in the EU, the main betting companies shifted to make a “Leave” vote the strong favourite.

Betting exchange Betfair moved to odds of 8/13, an implied probability of a Brexit of more than 60 percent. Ladbrokes had odds of 4/7, an implied probability of 63 percent.

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