Courtesy of Mish.
Is the UK in or out?
Bookies have the odds of “remain” at 73%.
A MarketWatch article citing Citigroup claims bookies are “still enthusiastic” over remain prospects.
If someone at Citigropup actually made that statement, that person is totally clueless about how betting odds even work.
Please consider Bookies still deem Brexit unlikely — and for good reason, Citi says by MarketWatch reporter Sara Sjolin.
Recent Brexit polls have pointed to a poor showing for the “remain” campaign, but investors betting on a stay vote shouldn’t throw in the towel quite yet.
Bookies are still enthusiastic the vote on June 23 will come out overwhelmingly in favor of the U.K. staying in the EU — and for good reason, according to research from Citigroup.
Betting Barometer
Source: MarketWatch
