View From Across The Pond: Brexit Betting Trends

Brexit betting odds and trends
Samuel Farley
Mon, March 4, 9:37 AM EST

View From Across The Pond: We've crunched the data on the UK Oddschecker site to see which way Britons are betting that Brexit unfolds. The United Kingdom is meant to be leaving the European Union on the 29th March but with PM Theresa May yet to get a deal agreed in Parliment there is a lot of uncertainity about how, when, or even if, Britain will leave.

The results of June 2016's referendum have been both historic and devisive in the country, and worryingly with the deadline ticking ever closer, there isn't any clear outcome developing. 

Mrs May's previous Brexit deals have been defeated at it reamins unclear if she'll be able to find any middle ground in order to push through her deal before the end of the month. Many experts now expect the Prime Minister to go back to Brussels and ask for more time to finalise a satisfactory deal. What a 'no deal Brexit' will mean for the country has been heavily debated by politicans but 53% of bets taken on the UK site have backed the country leaving without a deal at a big price of +550.

In news that will delight 'hard Brexiteers' another market around whether Article 50 will be extended shows that a narrow margin of 50.76% of bettors think there won't be an extention, meaning the country leaves with or without May's deal in place. At a price of +350 it certainly leaps out more than the extension of the agreement, which is a very short -500.

There is hope for those 'remaineers' who want Britain to say in the European Union with 70% of the bets being placed on the second rereferendum market backing a second nationwide vote at +250.

We'll be posting regular articles updating those prices as 29th March draws closer. So stick with Oddschecker for the latest shifts in political betting.

 

By Sam Farley

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