Brexit, a term you best get used to hearing many times during the next few days.

You can play a little catch up on the basics (HERE), some of the nastier posters doing the rounds (HERE) and a look at what Old Queenie thinks about the whole thing (HERE).

And now, like most things in life, you can bet on it. You wouldn’t be alone though, because Brexit is set to break the record as the most bet-upon political event in Britain’s history. Here’s News24:

The industry is expecting £100m to be wagered by the time the result is known in the early hours of Friday…

…the importance, drama and uncertainty that have surrounded this vote have made it a spectator sport in its own right. Polls suggest it is too close to call, while bookies give the “remain” side a higher chance of winning…

“This is comfortably the biggest political betting event in history and dwarfs both the general election and the Scottish referendum,” says Lewis Davey, spokesperson for Paddy Power, referring to the Scottish vote on independence last year.

This is what greets you over at Ladbrokes:

As everyone rallies on social media to punt their point of view (thankfully my timeline is mostly filled with Remains), just how much effect does all the betting have?

The betting has also gained the attention of global investors as a gauge of the likelihood of an event’s outcome. That’s particularly true since pollsters have missed badly in measuring sentiment before some of Britain’s most recent votes, the last general election and the Scottish referendum.

The bookies’ odds have largely been in synch with global financial markets. While the polls show this week’s vote is too close to call, bookies like Betfair are giving the “remain” side a 76% probability of winning. That’s reflected in financial markets, where stocks and the British pound are relatively buoyant one day before the big event.

That makes me happy, although the vitriolic backlash that will follow a Remain victory is not going to be pretty.

You know what we like to do with the spare cash we have lying around? Chance our arms at becoming filthy, stinking rich with the overseas lotteries.

That Mega Millions draw taking place tomorrow evening – just the $363 million (R5,3 billion) on offer, so go ahead and take a poke HERE.

[source:news24]