Updated Updated: September 23, 2019

Betting on Brexit, Odds and Bookies

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When it comes to political betting, there are millions of different betting markets that can be enjoyed by people from around the world. Today, we are going to be taking a look at Brexit and all of the different betting markets that the Brexit situation has opened up. We are also going to look at the odds that are being offered by bookmakers, and techniques that you can implement to improve your gambling game.

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The Brexit Situation

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If you have heard about Brexit in the news or read a story about Brexit, then you might not be fully aware of what is currently happening in the United Kingdom. We understand that because Brexit is a thing of many layers and most people don’t fully comprehend all of them. This section has been specially designed to give you an overview of Brexit, current opinions in the country and what will happen next.

What is Brexit?

To put it simply, Brexit is the phrase that has been coined for Britain exiting the European Union. Hence the term, Brexit. This is happening because of a referendum that was held on Thursday 23rd June 2016. The outcome of the referendum was a 51.9% vote that Britain should leave the European Union. The turnout for the referendum was 71.8%, one of the biggest turnouts in recent history.

What is the European Union?

European Union

Simply put, the European Union is an economic and political alliance involving multiple European countries. It was formed following the events of WWII, creating bonds with countries through trade. It is now a single market, meaning that it allows both goods and people to move around freely, like a giant country composed of more than two dozen smaller companies.

Is Brexit a definite?

At this moment in time, it does look like Brexit will definitely happen and the United Kingdom will leave the European Union. Having said that, the government could potentially cancel Brexit if they vote to do so.

What is Brexit?

This would require an actual law change, as it would mean going against the result of a legally binding referendum. At this moment in time, no UK-based political parties are looking to do this. However, the EU Court of Justice has stated that Britain can cancel the process of Brexit and remain a member on its existing terms.

It is worth noting that Brexit has been delayed twice so far, and the United Kingdom is now due to leave the European Union on the 31st of October. The two leading political parties, Conservative and Labour, were in talks to try and find a compromise that they could both back. This led to an official vote of No Confidence in Parliament and now a new Conservative leader will have to be picked.

Going Forward

There are a few different potential outcomes in the current Brexit landscape, including:

1. A “No Deal” Brexit

no deal brexit

If our politicians in Parliament can’t agree on a deal, then a no deal Brexit could take place. There are things that could be done to halt a no deal Brexit, especially if people in the Houses of Parliament agree with the decision. If politicians push, there may be another vote of No Confidence in the Houses of Parliament.

A no deal Brexit is risky business because it doesn’t guarantee the rights of any of the European citizens living in the United Kingdom. It could also impact businesses and the goods that are imported and exported from and to mainland Europe.

2. Renegotiating

There is every possibility that a new Prime Minister could try to renegotiate with the European Union. In the past, the European Union has refused every offer that we have drafted. If this were to happen again, it could potentially lead to further delays and problems.

3. Referendum

Referendum

If talks with the European Union went sour, then there is a slight possibility that another referendum could be held in the United Kingdom. The general public could be given a choice on whether or not they accept a deal or no deal situation, or even whether or not the United Kingdom should actually remain in the European Union.

This is quite a touchy subject, as it would impact the way that British citizens see their vote and the way that they see the impact of voting, leading to a lack of respect for democracy. On the other hand, a lot of British citizens feel like they were lied to during the first referendum.

Political Betting: Brexit

Naturally, with the Brexit situation comes the introduction of Brexit betting. The bookmakers know that they can take advantage of the current political landscape, and they are not afraid to do so.

This can lead to them offering impressive odds that smart gamblers can really take advantage of. Try to remember that the bookmakers have the best minds in the business deciding what their odds will be, so you should always try to make sure that you do as much research as possible before placing your bets.

Brexit Betting Markets

Given that there are so many potential outcomes to the Brexit situation, there are a lot of different betting markets to match them. Some of the main betting markets that you may be interested in include:

A No Deal Brexit

When we take a look across the internet at some of the different available betting markets, a no deal Brexit bet is often available among them. Right now, William Hill is offering odds of 1/8 on the UK not remaining in the European Union following a decision made in this year’s second referendum, with 9/2 being offered on the UK remaining.

Brexit Betting Markets

The government will more than likely try to avoid a no deal Brexit, but if the European Union keep refusing to agree to the terms that are laid out by the British government then a no deal Brexit may end up being the only option.

A no deal Brexit could potentially mean re-introducing border checks within the European Union, trade and transport disruptions, no transitional period and European citizens living in the United Kingdom being unaware of what rights they will retain. Jeremy Corbyn, the leader of the Labour party, has sworn that his politicians will not allow a no deal Brexit to take place, whereas multiple other politicians have said that they will consider one should the European Union continue refusing our plans.

Betting on a Brexit Deal

Brexit deal betting is a little bit more simplistic than betting on a no deal Brexit. At the moment, it is widely believed among both British citizens and politicians that there will be a Brexit deal. With the leader of the Labour party stating that he will not allow a no deal Brexit to take place, his fellow politicians will more than likely be briefed on voting down any plans that refer to a no deal Brexit.

One of the main issues with this type of bet is the fact that the European Union has refused all of the previous deals that the United Kingdom has offered. They have also refused to move on certain areas, areas that are important to the United Kingdom and the things that British politicians want to change

Will Brexit happen?

If you would like to, then you could also bet against Brexit happening. When you bet that Brexit won’t happen, you are usually only presented with two different betting options to choose from. You will either be able to say that Brexit will happen, or that Brexit will not happen.

This is quite a tricky situation. When it comes to democracy, most people would love to believe that British politicians will make sure that Brexit happens. Unfortunately, the European Union has already said that British politicians can vote to remove Article 50 and that Britain can remain in the European Union under the previous terms and following the previous rules.

At this moment in time, it seems highly unlikely that Britain will remain in the European Union. Remaining would lead to normal British people questioning whether or not all of our future elections and referendums will be handled in the same way.

A Second Referendum

You could also bet on another Brexit referendum if you think that one will take place. If a second referendum does take place, then you will also, h ave the opportunity to bet on what you think the British people will be voting for.

Will they be voting for what they want the deal to include? Will they be voting on whether or not we can leave with no deal? Will they be voting on whether or not we can remain in the European Union? There are a lot of different avenues that a second referendum could potentially cover, and it could be quite difficult to anticipate which it will be.

The Date

If you believe that Brexit will take place in the near future, then you could bet on what date you think the United Kingdom will leave the European Union. Given that this date has already changed more than once, we would advise that you exercise caution when placing a bet like this.

Improving your Chances

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If you would like to improve your chances when you are placing bets on Brexit, you should try to make sure that you do as much research as possible before you decide what you are betting on. If you do enough research, then you should be able to get a real feel for what will happen in the near future.

Unfortunately, anything further than the near future is quite difficult to predict when it comes to Brexit because of how turbulent the times are. We really don’t know whether or not Britain will remain in the United Kingdom, and we really don’t know whether or not a second referendum will take place. If you do as much research as possible, then you will simply be giving yourself a better edge and a better footing in the gambling world.

Now that Teresa May has received a No Confidence vote, a new Conservative party leader and Prime Minister will be elected. We would highly recommend voting on who you think the new Prime Minister of the United Kingdom will be.

When we know who the Prime Minister will be, it might be easier for us to predict what will happen with Brexit. Different politicians have different views on Brexit and how it should be handled, and most of them are quite open and honest about their viewpoints. If a politician has been happy with a no deal situation from the start, then a no deal then becomes a very real possibility.

FAQ’s

Placing a bet on Brexit could not be easier. For example, with a William Hill bet on Brexit, you might simply be betting on a Brexit deal and whether or not you think one will occur. With Brexit deal betting, we would advise that you do as much research as possible before placing your bets.

Yes, you can bet against Brexit. If you want to bet that Brexit won’t happen, then you just need to take a look at the odds that are being offered by different bookmakers and pick the odds that you like the look of the most.

Brexit should take place on the 31st of October 2019, but there is every possibility that Brexit will be delayed again should a deal not be reached by the British government and the European Union.

Hopefully, there won’t be a no deal Brexit. A number of different politicians disagree with the concept of a no deal Brexit, and there are a number of politicians who will do everything in their power to make sure that Britain leaves the European Union with a deal that works for everyone.

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