Latest betting news and odds following short extension to the Brexit process
Final Brexit date an Even-money chance to take place between April and June 2019
The UK is highly unlikely to withdraw from the EU as originally planned on March 29 after Theresa May won support in Brussels for a short extension to the Brexit process.
On Thursday night EU leaders agreed to delay Brexit until May 22 – the day before the European elections – as long as MPs vote to approve Mrs May's deal next week.
And, if a deal is not agreed, a shorter delay has been set out – until April 12 – to give the UK time to set out the next steps or leave without a deal.
The agreement had a dramatic impact of the betting with Betway lengthening their odds on a 'no deal' Brexit by the end of next week from 5-2 to 7-1.
However, no deal is still a potential outcome and could crystallise by April 12 if other options – a revoking of article 50 or a longer delay – are not pursued by the UK.
Mrs May has spoken of MPs having a clear choice and there is a chance her last-ditch gamble could pay off.
Sky Bet bet on the final Brexit date and make April to June 2019 the Evens favourite and offer 11-4 not before 2022.
If the impasse cannot be broken the chances of a change of Prime Minister or a snap general election are likely to increase.
Paddy Power offer 6-4 that a general election takes place this year while bet365 and Hills rate it an Even-money shot.
A change of Conservative party leader seems more likely with May no bigger than 1-4 to depart number ten this year.
The battle to replace her is wide open but Boris Johnson and Michael Gove are the market leaders at 5-1 and 6-1.
Follow us on Twitter @racingpostsport
Like us on Facebook RacingPostSport