Get the latest betting news & updates for one of the biggest political stories in recent years - Brexit!
The United Kingdom voted to leave the European Union back in June 2016, with Leave winning by 52% to 48% on a high turnout of 72%.
However, more than three years on, the UK remains in the EU, with politicians still divided on the issue, and betting on Brexit continues to be big business for bookmakers.
Betting on Brexit has been ongoing in various forms since before the EU Referendum. Back in 2016, as the pollsters got it wrong, ‘Leave’ had been as big as 9/1 with the bookies on the day of the referendum, Remain had been odds-on throughout the day.
As the polls closed on the evening, around £20million had been gambled on the outcome, and some bookmakers rated a win for Remain as a 90 per cent certainty!
Originally, Brexit was meant to happen on March 29, 2019. That was two years after Theresa May, the then Prime Minister, triggered Article 50 and started negotiations with the EU 27 (the 27 European Union countries involved in Brexit negotiations with the UK).
The deadline was delayed on two occasions after MPs rejected Mrs May’s deal, and after current PM Boris Johnson failed with a ‘do or die’ attempt to finally get Brexit done at the end of October, another General Election took place on December 12.
The early hours of December 13 saw Mr Johnson and the Conservatives win a huge majority after a disastrous night for Labour, giving the PM a mandate to deliver Brexit.
As it stands, Brexit is scheduled to happen by the end of January.