Brexit Betting & Latest Odds For No Deal
Added On 8th January 2019
The date for The UK's departure from the European Union gets ever closer and the media will continue to ramp up their coverage of Brexit. Meanwhile no one really knows what's going to happen or what will transpire after the 29th March. Can the bookies provide us with any respite away from the political machinations?
Unfortunately when it comes to betting on Brexit there aren't many deals to be had. For example, you'll get 1/5 for the House Of Commons rejecting the Brexit Deal on the first meaningful vote that's due to take place on the 15th January 2019. If by some miracle Theresa May manages to convince MPs to accept the deal then you'll be happy with 5/1 odds that are offered for approval.
Will Rationing Return?
If the meaningful vote is rejected then calls for a second referendum will get louder. This book is too close to call at Paddy Power. They are offering 4/7 that there won't be another Brexit referendum in 2019. However it's 5/4 that May will cave in and agree to go back to the public to decide whether Brexit goes ahead or not.
No one is quite sure how goods and services will be effected after the 29th March 2019. If it's a "No Deal" then will imports and exports come to a grinding halt? Will rationing be brought back by the UK Government? If rationing does return then what commodity will be first? Fuel is 15/2 to be rationed whilst milk is 11/1. You can even get 150/1 that Mars Bars will be rationed first.
May To Go In 2019?
Of course none of this nonsense needs to take place if The UK decided to remain in The EU. However, you'd be foolish to bet on this happening. It's 1/10 that the UK will not revoke Article 50 before the 30th March 2019 and end Brexit? It's 9/2 for The UK to revoke Article 50. Whilst Theresa May is PM then we think it's very unlikely that this will occur. A change in leadership however could make a difference?
The next few weeks could determine Theresa May's future as PM. We already know she's going to stand down before the next election, but Paddy Power think she'll be gone before then. May is 1/3 to be replaced as Tory Leader during 2019. That increases to a tempting 9/4 in 2020. She's survived a no confidence vote from her own party so will only step down if a no confidence vote in the Government is sought.
The various political betting books at Paddy Power bring a bit of light hearted relief from Brexit. However there are definitely more no deals than deals. If you do have a few pounds to wager on the political landscape then Jeremy Corbyn at 5/1, Boris Johnson at 6/1 and Sajid Javid at 7/1 might be worth a punt. They are all odds for the next UK Prime Minister by the way.
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