We assess the EU Referendum betting trends to see what could be learnt ahead of the vote.
Our betting data confirms that, in the last 24 hours, 80.3% of total money staked has been placed on a stay result, indicating that a vote to Remain is considered to be a safer bet, especially when betting with larger sums of money.
In the past day there has been a large increase in individual bets on stay meaning that betting volumes have for the first time evened out to around 50% for each potential outcome. Due to the far lower value of each stake placed on Leave it is still considered a risky venture, with each backer only willing to part with around £81.
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Looking further back over the past seven days it’s clear big bets are being placed on a vote to stay, while a smaller number of individuals are betting much smaller stakes on a leave result. With 59% of all individual bets placed through Oddschecker, a bet on Britain to stay in the European Union is the most popular bet and one that backers are confident will pay off. In the past week the average stake backing stay sat at £299, five times higher than the average bet on Leave.
With the highest single amount wagered on stay through Oddschecker being over £4000 compared to a peak of £1000 on leave, it’s evident that those backing stay are far more confident in making money on the result of the upcoming referendum.
As the most popular bet being for the UK to stay in the EU, combined with the fact those betting on stay are far more willing to back the result with large sums of money means the referendum has never looked so one-sided from a betting perspective.