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The opposite of the Decisive British Victory thread.
As the 100th anniversary of the battle approaches, what would the short and long term consequences have been if the High Seas Fleet had sunk enough of the Grand Fleet at Jutland to give Germany naval superiority in the North Sea.
Short term means its influence on the course of World War One.
Long term means from the end of World War One to 1939.
As threads like this often break down into discussions of how the event proposed in the OP could not happen, rather than the consequences of said event, this is what can and cannot be changed:
The British can do something stupid;
The Germans can have more warships, e.g. accelerating the completion of Bayern, Baden and Hindenburg, and/or build Blucher as a battle cruiser and the Deutschland class as Nassau class dreadnoughts.