Advertisement
Features

Betting on politics: will we run out of milk?

Aside from the more serious bets, bookies are now offering odds on which household items will be out of stock after Brexit. Matthew Partridge reports.

929-milk-634
Will supermarkets run out?

Paddy Power has opened the year by offering a flurry of Brexit-related bets. Some of these are serious, such as whether Article 50 will be extended beyond the end of March. In this case you can get even odds (50%) on the deadline being extended, and 8/11 (57.9%) on it not being extended. Paddy Power is also offering evens (50%) on a live TV leaders' debate on Brexit taking place before the start of April. They are also offering 1/10 on next week's meaningful vote being rejected by the Commons.

Advertisement - Article continues below

Some of Paddy 's offerings are more towards the novelty end of the spectrum (or at least we hope so). So, if you believe that the process will result in a crisis with shortages of basic goods then Paddy allows you to bet on the first items to be officially rationed by the government. As you'd expect, the favourites are fuel at 15/2 (11.7%), milk at 11/1 (8.3%) and bread at 16/1. You can also bet on a national shortage of gin (55/1), champagne (125/1), prosecco (125/1) and even Mars chocolate bars (150/1).

Personally, I'm not tempted by any of the above offerings. I also think that the 1/10 on the Commons rejecting the withdrawal agreement in a vote next week is probably a bit too short. Instead, I'd recommend Ladbrokes's 1/3 (25%) offering on Theresa May still being prime minister by 1 April. While she might possibly announce her intention to step down if Brexit is agreed, it would still take several weeks for the Conservatives to elect her successor.

Advertisement
Advertisement

Recommended

How the fear of death affects our investment processes
Investment strategy

How the fear of death affects our investment processes

Many of our investment decisions are driven by one simple fact: the knowledge that, one day, we will be dead. Here, in an extract from his new book, J…
2 Jan 2020
The good investments of the 2010s – and the bad
Stockmarkets

The good investments of the 2010s – and the bad

John Stepek takes a look back on which investments did well and which did badly in the decade that’s about to come to an end.
26 Dec 2019
How long can the good times roll?
Economy

How long can the good times roll?

Despite all the doom and gloom that has dominated our headlines for most of 2019, Britain and most of the rest of the developing world is currently en…
19 Dec 2019
Beyond the Brexit talk, the British economy isn’t doing too badly
Economy

Beyond the Brexit talk, the British economy isn’t doing too badly

The political Brexit pantomime aside, Britain is in pretty good shape. With near-record employment, strong wage growth and modest inflation, there is …
17 Oct 2019

Most Popular

Eagle Lightweight GT: the reincarnation of the E-type Jag
Toys and gadgets

Eagle Lightweight GT: the reincarnation of the E-type Jag

Jaguar’s classic E-type sports car has been reinvented for the modern age. The result – the Eagle Lightweight GT – is a thing of beauty.
7 Aug 2020
Platinum: the precious metal that looks set to play catch-up with silver and gold
Silver and other precious metals

Platinum: the precious metal that looks set to play catch-up with silver and gold

Gold and silver continue to soar, but there's still time to get in. And there's another precious metal that looks set to go on a bull run too, says Jo…
7 Aug 2020
UK house prices hit a new record high – can it last?
House prices

UK house prices hit a new record high – can it last?

Despite the pandemic, UK house prices have hit a new high. John Stepek looks at what’s driving the surge in prices, and what it means for house prices…
7 Aug 2020