by Mike Meyer
I’m sure by now you’ve heard all about the Brexit drama.
Just two weeks before the vote, polls were showing the “Leave” campaign was slightly ahead.1 Later surveys however, showed that 52% of Britons were going to vote to stay in the European Union (EU).2
In other words, the average of opinion polls was suggesting the Brexit was too close to call. Anything could happen.
But in the betting market the story was different. Bookmakers were putting the chance of remaining at around 90%.3 So the market and the media ran with the story that U.K. leaving the EU was highly unlikely.