Odds on Greece leaving the euro, reckons Ladbrokes

Stat of the day: 4/6. Ladbrokes has slashed its odds on Greece leaving the euro by the end of 2012 to just 4/6.

by Rebecca Burn-Callander
Last Updated: 09 Oct 2013

Fancy a flutter on the eurozone? Well, after Greece's new Coalition government revealed plans to reject EU austerity measures this weekend, you're unlikely to make a mint on Greece leaving the euro. Ladbrokes reckons its a near dead cert, with odds of just 4/6.

For a slightly better return, however, you can take a punt on Greece losing more than 25% of its value in a single day's trading by the end of 2012 (presumably they mean stock market value). The odds stand at 4/7. Hardly reassuring for the Greek populace.

But, for the ultimate euro-pessimist, there is another 'Euro Special' on offer. You can bet on the currency itself ceasing to exist by the end of 2012, and make 33 times your original stake.

It just goes to show that even when an entire financial system is going to hell in a handbasket, there's are still ways to profit from its demise...

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