Follow the Money eh?
The idea that betting odds are a better predictor of a vote result than polls took a beating here.
The odds consistently had Remain as the favourite, ranging between 60% and 76% over June then rising to 85% as the voting closed. Meanwhile the polls were always close, as the result eventually turned out to be.
This is the first time I've seen the polls do better than the odds.
Why were the odds so bad? Ladbrokes Politics muses on that here.
They point out that the majority of bets were for leave but the Remain bets were bigger and the odds reflected the weight of money (naturally).
The most affluent sections of society were generally behind Remain
Interesting for those of us who follow this stuff but there are more important matters now to deal with.
