Politics

Odds On A 2nd Referendum Get Squeezed By The IMF Chief

With even the IMF warning that a no-deal Brexit would be a disaster for the UK economy the bookies like Bet365, one of the best online betting sites in the UK, are quoting odds on a 2nd referendum of around 2/1 which would probably be just as disastrous. The negotiations have stalled, the deadline looms large on the horizon and the pressure to have another vote may yet be too great to resist, but should you bet on it happening before 2019? We take a look.

Odds on a 2nd Referendum

Brexit Wagers

  • Odds on a 2nd Referendum – 2/1
  • Odds on “no deal” Brexit – 8/15
  • Odds on application to rejoin – 2/1
  • Odds on May still being PM – 1/2
Christine Lagarde.
Christine Lagarde, chief of the IMF

Whatever the deal is will not be as good as it is at the moment.” Christine Lagarde. chief of the IMF stated the obvious slowly, as if speaking to a mentally challenged child, “Any deal would not be as good as the smooth process under which goods, services, people and capital move between the EU and the UK without barriers, without impediments and obstacles.” She clarified which caused a ripple in the odds on a 2nd referendum, after all the IMF know economic disaster.

The IMF have caused enough hardship to know dire when they see it, and the odds on a 2nd referendum responded to this warning by shortening ever so slightly at bookies like Bet365, although perhaps not as much as the odds of no deal being struck between Britain and Brussels before Brexit Day which still hover at an alarming 8/15, which means if you’re in the UK gambling news of this new warning from the IMF is just European scare mongering; think again.

Lagarde Tells UK To Be On It’s Guard

It would be a shock to supply,” Lagarde explained, “and would result in reduced growth, increased deficit, depreciation of the currency and, in reasonably short order, it would mean a reduction in the size of the UK economy.” Which could be why bookies like Bet365 are offering 2/1 odds on Britain rejoining the European Union by 2027 if they leave and if those odds on a 2nd referendum shorten much more they may not. Public opinion is shifting as the reality sets in.

There will be plenty of people in Northern Ireland, and indeed the Republic of Ireland too, who’d happily see those odds on a 2nd referendum shrink even further now their border has become the Brexit football du jour. Theresa May has stood firm on this in Salzburg, rejecting reworked proposals on the border from Michel Barnier, but her position is hardly a secure one and there are many taking advantage of UK gambling laws to wager at Bet365 she won’t have it much longer.

Get The Best Odds On A 2nd Referendum At Bet365

With goodwill and determination on both sides we can avoid a disorderly exit that would cause us all great difficulties and find new ways of working together.

Theresa May
Theresa May

Theresa May assured anyone who was listening, “Whether we belong to the EU or not we are part of the European family of states and must remain good friends who support each other in promoting prosperity and security.” She also thinks the odds a 2nd referendum are actually zero saying it’ll never happen.

Of course if you like to bet on sports in the UK you might find the idea of political wagers to be somehow a novelty but the harsh reality is that the odds on a 2nd referendum bely the degree to which Britain is unhappy with the bed it’s now got to lie on, and the only way you could make some money out of the hard times ahead might be at Bet365, and even then the UK is still set for woe akin to that seen in the Death of Hyacinth by Giovanni Battista Tiepolo, only less colorful.

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