Brexit betting odds – will we leave the EU on the 31st?
THE UK is due to leave the EU on October 31, 2019, but no one seems to know about the UK's future relationship with the bloc.
But what do the bookies think is going to happen next? Here's the latest odds.
What are the latest Brexit odds?
There are all sorts of odds out there on whether Britain will seal a deal or not.
Below is just a handful if you're thinking of putting a bet on:
- UK to leave by October 31, 2019: 33/1 (Betfair)
- A second in/out EU referendum to take place before 2020: 20/1 (Betfair)
- No Deal Brexit in 2019: 8/1 (Betfair)
- Article 50 to be revoked: 7/2 (Betfair)
The bookies think there will be a general election held in the UK before Christmas Day.
Paddy Power slashed its odds for a pre-Christmas election from 6/4 to 4/9 on October 24, after Boris Johnson announced he would push for a snap election on December 12.
Those odds have been slashed from 8/1 following Theresa May's resignation.
The chances of Jeremy Corbyn becoming the next PM also shortened into 7/4 from 2/1, as the current PM confirmed he had written a letter to the Labour leader.
However, the news also saw the Conservative Party’s chances of winning most seats at the next election move to odds-on 1/8 – or around an 88% chance.
It is also now an incredible 1/80 that Britain will not leave the EU on October 31, odds which were as short as even-money just last week.
For all the latest Brexit news, see our Brexit blog here.
Will there be a second referendum?
The odds of a second referendum being held now before 2020 are currently at 1/100.
On July 9, 2019, Labour confirmed it will officially back Remain in a second referendum.
In a bombshell announcement Jeremy Corbyn said his party will back another divisive vote to stop Brexit - as long as the Tories are still in power.
After years of flip-flopping on the issue, he said that no matter what Brexit deal the next PM gets with the EU, they should put it back to the people for another say.
Remain should be on the ballot paper, and the party will campaign for us to stay against the wishes of five million of his own voters.
But at the Labour Conference the party agreed to stay neutral.
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It could even mean they go into an election being unable to tell voters which way they would campaign.
Corbyn's plan is then to call a second referendum within six months of getting into power.
The party will spend three months trying to get a new Brexit deal with the EU.
And they will then have a special conference to decide whether to campaign for or against it in a second referendum.