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March looking bad for May

March 7th, 2019 Home, Media & Journalism, News & Events, Politics, Press Release

Bookmakers don’t see March being a good month at all for Prime Minister Theresa May.

Mrs May had hoped to be leading the United Kingdom out of the European Union this month – but she has not been able to strike a deal that Members of Parliament are wiling to back.

After her previous Brexit deal was kicked out, she is now facing a second vote over her plan, which does not appear to have changed too much.

The odds on the second meaningful vote passing are long, and getting longer – currently standing at 9/2 to win but it is 1/5 that it is voted down – so that is 83% probability that Mrs May does not get her plan through.

From that Brexit would then be unlikely to happen, it remains 2/11 that the UK does not leave by March 30th – which is when the UK was due to leave the EU. It is also 2/11 that Article 50 gets extended.

Labour has thrown its support behind a second referendum, and Bookmakers are backing Remain to win second time around. As it stand Remain is 5/2 to beat Leave at 4/1, although it also odds-on that we WON’T see a second vote and that is 1/3 that we don’t.

OddsMonkey spokesman Peter Watton commented: “Everything is odds-on for Mrs May to lose, it is over 80% probability that she loses her vote, the UK doesn’t leave the EU this month and that Article 50 is extended – so she is clearly fighting against the odds at the moment.

“But lets not forget recent Political betting – Trump winning, Leave winning – we have had some huge wins against the odds and Mrs May will certainly be hoping she can pull of a few shocks this month.”

Selected Brexit odds:

Theresa May to win second meaningful vote on her Brexit plan?
Yes 9/2
No 1/5

Will Article 50 be extended?
Yes 2/11
No 5/1

Second EU Referendum Before 2020?
Yes 21/10
No 1/3

Result of Second EU Referendum
Remain 5/2
Leave 4/1

*Odds correct at time of publishing

Spokesman Peter Watton is available for further comment or one-on-one interviews on this subject or anything connected with a betting market – for more information please contact press@oddsmonkey.com or call 01916404262