Price on UK Brexit shortens after recent flurry by Irish punters

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The price on the United Kingdom voting to leave the European Union is approaching 3/1 with two major Irish bookmakers.

BoyleSports is reporting a surge in bettors backing a Brexit in recent days.

This has resulted in the price for this to happen being cut into 16/5 from 4/1.

The United Kingdom will head to the polling stations on June 23 to cast its votes and following the move on the UK to exit the EU, the odds on the United Kingdom staying in the EU have been eased from 1/6 to 1/5 but still remain red hot.

Liam Glynn, BoyleSports’ spokesperson said: “Despite support for the UK to leave the EU over the past few days, our traders believe that the public will vote to stay in Europe and at present despite the odds been eased slightly, this outcome is the loser in the book for the firm.”

He added: “A lot of people in the UK don’t seem to have their minds made up yet with Paul McCartney the latest to announce that he doesn’t know what way he will be voting. Despite the amount of undecided people, the odds of 1/5 suggest that the United Kingdom won’t be leaving the EU in the near future.”

Rival PaddyPower has a majority in favour of Brexit at 10/3 with a result in favour of remaining at 1/5.

Odds on a Brexit vote in Northern Ireland and Scotland are far longer at 5/1 and 25/1 respectively.