BREXIT : Bookmaker offers best odds and money back if vote Leave loses - TruePublica
BREXIT : Bookmaker offers best odds and money back if vote Leave loses
20th June 2016 – Online bookmaker, Tonybet.com
has taken the unprecedented step of guaranteeing best price LEAVE
(Brexit) on the EU Referendum vote in the UK this week. The bookmaker is
open for business on this market until 7pm UK time on Thursday night
betting to a 100% margin, providing unrivalled odds. In addition, if
customers bet on Leave (Brexit) with Tonybet.com, and Remain wins, customers will get their money back up to £20 pounds!
Tonybet.com UK spokesman Warren Lush said: “We have taken a very firm
view that we think Remain will win so we want to attract as much
business on Leave as possible. It really is a no lose bet if you back
Leave with us as there is money back up to £20 if it doesn’t happen.”
“We also intend to bet in-running during polling day during one of
the biggest days in modern European history but we aren’t expecting any
major swings. Our founder Tony G has gone on the record challenging
Nigel Farage to a £1 million charity bet and saying that he would take
any money in the world on Leave and the current management echo these
sentiments.”
“It is well known that betting markets are seen as a better indicator
of what is happening than traditional opinion polls and we forecast the
odds shortening on Remain but not with a dramatic swing. At the weekend
we saw record levels of bets on the Brexit market so let’s see how it
plays out.”
Tonybet.com recently offered a huge 200/1 that Leicester City would
win the Premier League next year when the common price was 40/1.
The current odds are and the market can be found at the politics betting section.
The Times headline this morning confirms the bookmakers views. “Pound surges as Brexit opinion polls show neck-and-neck race
– Sterling eyes best session since December 2008.”
Stock markets also moved higher in the UK and across the globe,
reversing some of the most tangible signs of unease which had
accompanied swelling support for Leave before the murder last week of
Labour MP Jo Cox prompted a suspension of campaigning.
In contention with that view the Wall Street Journal said a few hours
ago that “Markets Ignore the ‘Brexit’ Worst-Case Scenario: A Sterling
Crisis.” It went further – Amid the speculation about what an exit
from the EU would mean, little attention has been paid to the core
assumptions investors are making.
PoundSterlingLive
has a mixed bag of results with various headlines from all over Europe
but by and large, the general consensus amongst traders in both stocks
and foriegn exchange is that the Remain vote will eventually prevail.
