SIGN UP LOG IN
 

Brexit bets: The most reliable forecast for EU withdrawal

Published by

June 10, 2019 7:25 am

brexit

It is not unusual for bookmakers to have a good feel for current events. Does this also apply to Brexit bets?

When talking about Brexit, the term comes from the fusion of the words Britain and Exit. So the withdrawal of Great Britain from the EU. The citizens of the country have decided accordingly in an election. And yet the big cut has not yet taken place. Now there is speculation about Britain’s departure. Of course, the British are not willing to let their bets be turned on their country’s future.
Sports betting has a long tradition in England. Nowadays not only sports events, but also events from the categories entertainment and politics are suitable for a bet. Brexit betting may be perceived as immoral by some people, as the future of the EU as a whole is somehow involved. For us, however, the forecast is the most important thing here. What do the bookmakers think the UK’s exit will be like?

Next major Brexit election

On 23 June 2016, the citizens of the United Kingdom voted in favour of leaving the European Union. But so far no agreement has been reached with the EU. And the pressure on Prime Minister Theresa May continues to grow. On the one hand, demos are taking place in the country to provoke a new Brexit referendum. This would put the EU’s withdrawal to the vote again in front of the nation’s citizens. On the other hand, the proposals of the strong woman in Great Britain before the EU have not yet been approved. The bookmakers, therefore, ask when the next major election will take place. There are only two alternatives. Either May rejects the deal or it is accepted. The decision is made by the British House of Commons (The Commons).
But what are the odds? We look at Bookmaker 888. There a further rejection seems to be considered probable. Because the odds on a rejection of May’s proposal are only 1.25. This corresponds to a probability of 80 percent. The fact that May’s deal goes through is less likely, according to the betting providers. Because under the Brexit bets this event receives only a ratio at a value of 3.50. The chance amounts to thereby 28.57 percent. If the bookmaker is right with his prediction, then May’s proposal will again not come through and the EU withdrawal will take even longer.

Brexit bets: Will the EU withdrawal still be prevented after all?

May does not want to back down. The people were in favour of leaving the EU and that is how it should happen. But would another vote lead to the same result? How fickle is the average citizen? And how many did not vote because they did not believe that Britain would leave the EU? Britain could face a supply problem when it leaves the European Union. The financial markets throughout Europe and even worldwide could react negatively. Are we even heading for the next major financial crisis with the Brexit? It is not out of the question. Nor can it be ruled out that the British will somehow manage to remain part of the EU.
Article 50 of the Treaty on European Union regulates, among other things, withdrawal: “Any Member State may decide to withdraw from the Union in accordance with its own constitutional requirements”, it says in paragraph 1. And it is precisely the application of this article that could still be revoked by Great Britain. Here too, Brexit bets are in the shop window. The question is whether the withdrawal will take place in 2019. And once again the odds are clearly distributed. “No” is the probable candidate with a quota of 1.25. The “yes” therefore again receives the betting quota of 3.50 and is therefore considered to be incomparably less probable. 888sport also asks when Theresa May will give up her post as Prime Minister. Here, however, the year 2019 only receives a quota of 1.10, while 2020 or later is tendered with a 6.00. So an early resignation is assumed.
Past of bookmaker predictions: Already in earlier votes or elections the betting providers were often right. Sometimes, however, the forecast was wrong, as in the election for the presidency of Donald Trump.

Why are bookmakers, good forecasters?

A betting provider is a company. As such, the pursuit of profit is part of the company philosophy. Assumed for two different results there is in each case the ratio of 1.90. That here with an even distribution of Tipps a margin remains should make sense. But if here again 90 percent of the weather set on the same result and this also occurs, then a loss would be registered.
So the bookmaker has to adjust his odds dynamically. If many people set their odds to Alternative A, the odds are lowered here and increased in return for Variant B. If the odds are lowered here, the odds are lowered here. This keeps the betting behavior balanced. At the same time, the odds drop where many people bet on it. And they rise the other way round, where few people make their crosses. For example, a vote can be predicted who the bookmakers’ odds will keep in mind. With Brexit bets, this is no different.

More News

Will minors no longer be allowed to buy scratch tickets in Great Britain?

Will minors no longer be allowed to buy scratch tickets in Great Britain?

The UK is currently considering raising the minimum age for scratch tickets and other lotteries from 16 to 18. In…

Win up to $1,000 a day at the Grand Hand Promo at 888poker

Win up to $1,000 a day at the Grand Hand Promo at 888poker

The Grand Hand promotion has returned to 888poker, where you can win some free goodies until August 15th, including $1,000…

Anthony Hamilton:

Anthony Hamilton: "It says that Schumacher was not at the Nurburgring."

Lewis Hamilton won his 91st Eifel GP yesterday, equalling Michael Schumacher as the most outstanding winner in history. Anthony Hamilton…

Dota Underlords has 3 times more players on Steam online

Dota Underlords has 3 times more players on Steam online

For the launch of the Open Beta of Dota Underlords, there is already a huge rush on Steam. The new…

Phil Hellmuth: the recipe for success for the WSOP records

Phil Hellmuth: the recipe for success for the WSOP records

15 bracelets, most cashes and top 5 on the all-time money list. Phil Hellmuth is the most successful player in…

Kyle

Kyle "Bugha" Giersdorf is "Fortnite" world champion

16-year-old Kyle "Bugha" Giersdorf wins 3 million dollars prize money at the first "Fortnite" World Championship. Kyle "Bugha" Giersdorf, a…

Black Lion: 'Remix' Return and MadGearFFM Event

Black Lion: 'Remix' Return and MadGearFFM Event

In the past week, our partner Black Lion has done a lot more than the everyday life of the eSport…

PUBG Classic: OP Gaming Rangers wins in London

PUBG Classic: OP Gaming Rangers wins in London

OP Gaming Rangers are the winners of the FACEIT Global Summit: PUBG Classic in London. In a close competition, several…

Liverpool feast at Anfield: first Premier League and Chelsea win

Liverpool feast at Anfield: first Premier League and Chelsea win

July 22nd 2020, destined to be a holiday for Liverpool. Klopp's side raised the trophy of the long-awaited Premier League…

E-Sport News: G2 Esports is Team of the Year

E-Sport News: G2 Esports is Team of the Year

At this year's Esports Awards, the League of Legends Team of G2 Esports received the eSports Team of the Year…

Radical cut - PokerStars limits the number of Cashgame tables

Radical cut - PokerStars limits the number of Cashgame tables

For all cash game players, PokerStars, the market leader, is breaking completely new ground - the maximum number of tables…

WSOPE: 313 players in the race for the Colossus Bracelet at King's Resort

WSOPE: 313 players in the race for the Colossus Bracelet at King's Resort

Yesterday at King's Resort in Rozvadov the last two starting days for the fifteenth bracelet event of the World Series…

Poker Central Releases Poker Masters Tournament Schedule
Poker Central Releases Poker Masters Tournament Schedule

High roller fans who wondered about the lack of announcements about the Poker Masters broadcast on PokerGO last September can…

Online Poker: Pennsylvania gives the green light
Online Poker: Pennsylvania gives the green light

From 15 July, online poker will be allowed in the US state of Pennsylvania. PokerStars, 888 and partypoker are in…

$22 million embezzled! - WPT Champion Dennis Blieden confesses guilty
$22 million embezzled! - WPT Champion Dennis Blieden confesses guilty

In February 2018 Dennis Blieden could celebrate big. At the L.A. Poker Classics, the hitherto undescribed hand left 492 competitors…

WSOPE: Natascha Stamm in front in 8-Game
WSOPE: Natascha Stamm in front in 8-Game

The 8-Game is something like the supreme discipline in poker. No wonder that the superstar density in no other event…

win2day - €50,000 Guaranteed at the Summer Poker Series
win2day - €50,000 Guaranteed at the Summer Poker Series

The Austrian online poker provider win2day is hosting the Summer Poker Series 2019 this coming weekend, with a proud €50,000…

The teams of the Call of Duty League
The teams of the Call of Duty League

The Call of Duty League will be launched in 2020. 12 teams from 11 regions in North America and Europe…

Recap: Natus Vincere and Team Vitality move into the semi-finals
Recap: Natus Vincere and Team Vitality move into the semi-finals

The first day of the ESL One Cologne 2019 Playoffs brought all spectators two rather fast games. Both Team Vitality…

Football stars Neymar and Gabriel Jesus play Counter-Strike with FURIA
Football stars Neymar and Gabriel Jesus play Counter-Strike with FURIA

Neymar plays with other football stars a round of Counter-Strike on the channel of the eSports organisation at FURIA. The…

Juve coach Sarri: That's why Ronaldo is causing problems
Juve coach Sarri: That's why Ronaldo is causing problems

Juventus coach Maurizio Sarri wanted to praise his superstar. After all, Cristiano Ronaldo had just scored a brace, and his…

Serie A: final, champions, European qualifiers and relegated
Serie A: final, champions, European qualifiers and relegated

Champion For almost three weeks now, it has been known that Juventus have won their ninth consecutive title and 34th…

Mybetting Deals Tools

Surebet by BetBurger

Surebet by BetBurger

BetBurger is a service focusing on arbitrage bets, also known as sure bets. It turns sports betting into an investment.

Matched Betting by OddsMonkey

OddsMonkey

OddsMonkey offers matched betting services with features to enhance your profits with the best betting offers.

Live Sport Results and Statistics

Live Scores

Always keep ahead of the sports betting game with our real time results and statistics!

2000+ Free Slots

Play the best online slots and your favourites from the biggest developers for free right here!