Settled Bets - A loss on European Elections

This bet was placed for a very similar reason to my Theresa May leaving by end of June bet. The odds were good, and with the political situation volatile I always look to bet on longshots.

The market’s full name was “Will the UK hold European Election in May 2019?”. You can see with a name like that, all sorts of random things could have happened to make a win, such as:

• Theresa May gets a deal parliament can agree to
• France blocks Brexit extension
• EU Elections are delayed a couple of weeks or more for any number of reasons
• Any number of unforseeable things that can happen when a political situation is volatile

In this case, nothing happened so my bets lose. But I absolutely don’t regret it. At such high odds, I think it was worth it. I placed a bet for similar reasons on Theresa May to leave by June. That one happened to win and is gonna win me £2,000.

Here’s my bet (price averaged):

Giving this as the final market result: