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

Bayern Munich beats PSG in the Champions League final

Bayern Munich beats PSG in the Champions League final

The Bavarians lifted the sixth Champions League trophy of their history. This year´s competition was marked by the change in…

Titans remain undefeated thanks to Derrick Henry during overtime.

Titans remain undefeated thanks to Derrick Henry during overtime.

Derrick Henry took a straight centre and ran a 5-yard landing at 3:30 over time. At the same time, the…

LoL: European champion prevails

LoL: European champion prevails

Matchday 7 is over, and G2 Esports are now alone at the top after a previously divided lead with Fnatic…

Dates for the US Poker Open 2020 & $100,000 for the High Roller POY!

Dates for the US Poker Open 2020 & $100,000 for the High Roller POY!

PokerCentral today announced the date for the US Poker Open 2020. From March 19th-31st, 2020, the US Poker Open will…

FC Sion signed two new FIFA players

FC Sion signed two new FIFA players

FC Sion continues to expand its eSports team and hires two new players. The aim is to attract attention to…

US Open: Victoria Azarenka defeats Serena Williams and returns to the finals

US Open: Victoria Azarenka defeats Serena Williams and returns to the finals

Victoria Azarenka, who pass by Serena Williams at the beginning of the match, managed a superb turnaround (1-6, 6-3, 6-3)…

Kobe Bryant dies in a helicopter crash! -

Kobe Bryant dies in a helicopter crash! - "They're flying too low"

Basketball legend Kobe Bryant is dead. The 41-year-old died in a helicopter crash. This was announced Sunday night. According to…

Brexit bets: The most reliable forecast for EU withdrawal

Brexit bets: The most reliable forecast for EU withdrawal

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

That's what's behind Neymar's phone cheering

That's what's behind Neymar's phone cheering

Although Neymar (27) missed the first four league games because of his change theatre, the superstar from Paris St-Germain is…

King's Boss Leon Tsoukernik buys Casino Atrium at Hilton Prague!

King's Boss Leon Tsoukernik buys Casino Atrium at Hilton Prague!

Leon Tsoukernik, known as King's Resort boss and a regular on the world's most expensive poker rounds, has purchased the…

Global Poker Awards - Joey Ingram leads the list of nominees!

Global Poker Awards - Joey Ingram leads the list of nominees!

The Global Poker Awards will be presented on March 6th at PokerGo Studios in Las Vegas. There are 25 trophies…

Ronaldo announces new world record

Ronaldo announces new world record

Cristiano Ronaldo was denied his 100th international goal for Portugal once again, but the superstar still had an unusual need…

Sock wins in Paris and leaves Carreno without London Masters
Sock wins in Paris and leaves Carreno without London Masters

The American will have the last place for the last big event of the year, which starts next Sunday. When…

The La Liga League will continue on June 11 and the following season will begin on September 12
The La Liga League will continue on June 11 and the following season will begin on September 12

With the La Liga League heating motors to retake a title quit during over two months by the COVID. Fourteen…

NiP and Chaos Esports eliminated in TI9 group phase
NiP and Chaos Esports eliminated in TI9 group phase

Ninjas in Pyjamas and Chaos Esports Club were eliminated in the group stage of the Dota 2 World Championship The…

Strict conditions for Japan's first casino licenses
Strict conditions for Japan's first casino licenses

Japan's government has set the course for the first legalization of land-based casinos on domestic soil. Yesterday, Tuesday, the standards…

E-Sports: G2 eSport reaches final
E-Sports: G2 eSport reaches final

The eSports-Team G2 eSport reaches the final of the Mid-Season Invitational in Vietnam and Taiwan. There it meets North America's…

Will the Main Event 2019 be the biggest in history?
Will the Main Event 2019 be the biggest in history?

It seems possible that this year the record of 8,773 participants will indeed be surpassed by the WSOP Main Event…

Rob Yong wants to prevent fraud at Poker with the FairPlay initiative
Rob Yong wants to prevent fraud at Poker with the FairPlay initiative

Rob Yong intends to banish cheating from the poker world. Together with his casino and partypoker, he has now launched…

WSOP International Circuit for the 3rd time at Holland Casino Rotterdam
WSOP International Circuit for the 3rd time at Holland Casino Rotterdam

Holland Casino Rotterdam will once again be the venue for the World Series of Poker (WSOP) International Circuits from 14th…

Switzerland: eSports no sport - no subsidies
Switzerland: eSports no sport - no subsidies

The Federal Office of Sport (FOSPO) published its report on eSports in Switzerland at the end of March. It states…

E-Sport News: THE GAME AWARDS 2019
E-Sport News: THE GAME AWARDS 2019

The year is coming to an end, and The Game Awards are just around the corner. Now the nominees of…

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!