Can I Bet on the Brexit Referendum From the US, Worldwide?
- Brexit betting was likely to be among the most wagered on events this week
- Odds of Great Britain leaving the European Union were now at 3-1
- One online gambling site is so convinced Great Britain will stay in the EU they are offering a money back guarantee
- Last week’s assassination of pro-EU member of the parliament Jo Cox has sent odds in the tailspin
Sure the Euro 2016 is getting plenty of attention from gamblers right now but one of the most wagered on events of the week will likely be what transpires with the Brexit Referendum.
BetOnline is one online site offering odds on Brexit from outside of Europe and catering to much of the rest of the world.
So what exactly is the Brexit Referendum and why is the world watching with angst?
Brexit is short for British Exit from the European Union (EU). The British public on June 23 votes on whether it will remain in the EU after more than 40 years. It’s the first such vote by a member of the politico-economic union that currently claims 28 member states.
Recent polls suggest those in Great Britain are split but bookmakers believe otherwise.
Voting to stay in the EU was favored at -400. Voting to leave would pay out US$300 for every US$100 bet.
World markets have been jittery over the past few weeks, and with good reason. The British economy is the 5th biggest in the world. The British pound is almost certain to weaken against the US dollar should they exit the European Union.
This week, Gambling911.com reported on how Slovenian-based TonyBet.com bookmakers were so convinced Brexit would not happen, they were offering a money back guarantee.
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.”
Great Britain has had its own version of the so-called “October Surprise” – a phrase coined in the US describing an event just weeks before the US Presidential election that typically alters momentum.
Last week’s assassination of Jo Cox, a pro-EU member of Parliament, sent the odds of Brexit tumbling from 40 percent to 27 percent in a 24 hour period.
- Aaron Goldstein, Gambling911.com
