Brexit No Deal Getting More Likely As Odds Cut

Punters are expecting the UK to crash out of the European Union without a deal after the odds on Brexit talks ending in failure crashed to an all-time low.

Latest reports suggested that the UK are refusing to table new plans for backstop position on the Northern Ireland border, something the EU have insisted must come if there is to be a withdrawal agreement. Boris Johnson, meanwhile, took to the Sunday papers to describe Theresa May’s Brexit plans as a ‘suicide vest.’

BoyleSports were then forced to cut their odds this weekend on the UK failing to reach a deal with the EU after an influx of bets forecasting a bleak end to negotiations.

It is now a hot odds-on shot at 4/7, from 5/6 last week, that no deal is reached between the UK and the EU before April next year, with the leave date due at the end of March. The chances of the UK still being a full member of the EU in 2020 are also at an all-time low, closing into 11/10 from 5/2 in the last seven days.

One former Conservative minister this week added to calls for a second referendum to be held on the issue and it’s now 2/1 from 4/1 for the Brexit question to be put to the British electorate again.

There’s a crucial negotiation deadline approaching fast now and there’s still no indication of a meeting in minds between the UK and the EU.

The betting trends have been pointing to ‘no deal’ for quite a while now but to see them at an all-time low of 4/7

says a lot about the lack of confidence punters have in the talks process reaching any sort of successful conclusion.

*Prices correct at time of publication.