How to bet on Brexit

โ€ข Politics
โ€ข Sports Betting

Politics and betting, Brexit in focus

Brexit is the term used for the United Kingdom leaving the European Union, so you can see the term is coined from Britain and exit. The UK ceased being a member of the EU on Jan. 31, 2020.

Many people wagered on Brexit betting odds, and while the overall vote was a close one, 52% in favor of exiting the EU vs. 48% against, those bettors that bet against Brexit were not successful in their wagers.

While Brexit did happen, there are still Brexit betting opportunities out there, and this article will show you how to bet on Brexit. There are still issues that need to be ironed out, and there are still months of negotiation.

The UK has agreed to terms of its leaving of the EU, but both the UK and the EU still need to figure out how their relationship will look like going forward. The transition period began right after Brexit Day on Jan. 31, 2020, and will end on Dec. 31, 2020. This means that Brexit deal betting odds are still available to wager on.

Where to Find Betting Markets on Brexit 

You can find UK Brexit betting odds at online sportsbooks, and you can find them at sportsbooks that cater to the UK market. For example, you can be sure you will see betting odds Brexit Paddy Power and Brexit betting odds William Hill since those are two sportsbooks that are two of the big boys in the UK betting market. 

No matter where you find Brexit betting odds at an online bookie, you need to ensure that the bookie is a legitimate one carrying a license from a reputable body such as the UK Gaming Commission. 

Not only are you sure to find betting sites Brexit if they are sportsbooks catering to the UK, but you will also find the latest Brexit betting odds and more of them than you would find at other sportsbooks. That is not to say books that do not cater to the UK market will not have UK betting odds Brexit, as they may, but may not have as many wagers available. 

Brexit betting odds are a type of political wager, and the sportsbook that has odds on that will have a special section for those types of wagers. Often, at an online bookie, you will see links for all the sports that the site has odds posted on. 

The same goes the same for political bets, as the book may have a politics or specials link where you can check out the latest betting on Brexit information in terms of what wagers are offered. 

Finding Sportsbooks with The Most Wagers 

It is a good idea to check sportsbooks that have the most betting odds. It was stated before that there are Brexit bets available, and you want to find a sportsbook that has the most of those wagers, so you have a choice. 

Also stated before that it is more likely that you will find betting markets at online bookies that cater to the UK market such as William Hill, Paddy Power, and Betfair, just to name a few. 

A few of the Brexit betting odds that you will find at sportsbooks include: 

  • UK to rejoin EU by 2026 
  • UK and EU to extend the Brexit transition period after Jan. 1, 2021
  • UK and EU to sign a trade deal in 2020 

Some of the Brexit betting odds will have even odds, and others will have inflated odds. It is always a good idea to check out different books that offer the latest Brexit betting odds, so when you find a wager you want, you can make a bet at the bookie that offers the best odds, which can give you the best possible payout. 

Also, why not check out sportsbooks that offer bonuses and promotions, as you may be able to find a book that offers them for Brexit betting. If this is the case, you can take advantage of the bonus to pad your bankroll. 

Handicap Brexit Betting Odds 

Any time you make a sports bet at a reputable online sportsbook, you can increase your chances of winning the bet by handicapping a game or event. The same goes for Brexit betting odds. 

The sportsbooks will have various Brexit bets available, and you should look closely at the bets to make an intelligent wager. For example, in a football match bet, you would handicap it looking at various factors such as recent form, injuries, and head-to-head records. In terms of Brexit referendum betting, you can do the same thing. 

A Brexit bet is unlike a football bet, as it is an issue that is typically voted on. However, you can become an expert on the Brexit bet by reading up on the news about the issue and getting the gauge on public opinion. The more you know about the Brexit bet offered, the more you can make a smart wager, which is one that has the best chance to be a winning one. 

The odds will change for Brexit bets, and they can do so for a couple of reasons. They may change as the date for the vote draws near, and things happen beforehand that can affect the outcome of the wager. 

They can also change if the public is betting one side of the bet more than the other. If that happens, the books can alter the odds, as their main goal is to get even money placed on both sides of the bet. You can check out a Brexit betting odds checker to see current odds on the Brexit bets that are available. 

History of Brexit Betting 

While the Brexit issue was discussed for some time, in terms of the history of Brexit betting, it began with the Brexit referendum betting of 2016. That is when the first vote was cast whether to remain in the EU or to leave. The vote was a close one, with 52% voting to leave the EU with 48% voting to stay. 

So, what were the betting odds on Brexit for the 2016 referendum? As the polls closed, the Brexit no-deal betting odds were at around 4/1 at many bookmakers. 

Ladbrokes, which is the oldest bookie in the UK, admitted that the betting markets were wrong and had to โ€œface up to some tough questions.โ€ While around 75% of the money bet on the 2016 Brexit referendum was wagered on to stay in the EU, there were more overall total bets on to leave. 

Still, with a majority of the money bet on staying in the EU, bookmakers came out well ahead in terms of making a profit on that initial wager. In speaking of that initial betting offering, ยฃ40m was wagered on it in 2016, which made it the biggest political betting event in the history of the UK. 

How to Bet on Brexit FAQ

Is it 100% legal to bet on Brexit?
It is legal to bet on Brexit if the jurisdiction where you reside has legal online gambling. 
Where can I find the most Brexit bets?
You can typically find the most Brexit betting options at online bookies that cater to the UK market. 
Where can I find Brexit betting odds at sportsbooks?
Usually, you can find them in the section that has individual sports under politics or specials links. If those two are not at the book, then look at all the links to where the site has odds posted for sports, and you will find it.
Will all Brexit odds be the same?
No. While all of the odds for specific Brexit bets will be very similar, they will be different from sportsbook to sportsbook. That is why it is a good idea to shop around for the best odds.
How long do I have to make Brexit bets?
While the Brexit transition period ends on Dec. 31, 2020, there may be more bets available after that, but the majority of them will be until the end of 2020.
About Ayden Fahlstrom
Ayden Fahlstrom author profile

Ayden loves sports. There is no doubt about that. He is a walking calendar when it comes to the latest events in sports. He has grown into the passion of writing about them, and settled into his role as a writer after many freelancing jobs. He can write about any sport out there! This is the guy!

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