Coral launch betting-based General Election Forecast
Leading bookmaker Coral today launched a new betting-based General Election Forecast that predicts the number of seats each party will win on 7th May powered entirely by the bookmaker’s odds.
The Coral Election Forecast will update automatically as the General Election odds fluctuate and Coral is confident that it will prove a reliable barometer of what happens on the 7th May.
“Over many years of political betting, the odds have consistently proved the most accurate guide to the outcome of Elections and political events and the betting should be taken very seriously as a barometer of the forthcoming General Election,” said Simon Clare, Coral Spokesman.
“In last year’s Scottish Independence Referendum the betting consistently had a ‘No vote’ as the long odds-on favourite despite the opinion polls suggesting the ‘Yes vote’ and ‘No vote’ were neck and neck, and it ended up a convincing ‘No vote’,” said Clare.
“The odds also have an excellent record in predicting the outcome of General Elections and most notably in 1992 Coral made John Major’s Conservatives the favourites, when all the opinion polls predicted a Labour victory for Neil Kinnock, and the Tories won a slender majority,” added Clare.
The Coral Election Forecast (CEF) currently predicts that the Conservatives will win the most seats (285) with Labour winning 264. The CEF is forecasting 45 seats for SNP, 27 for the Liberal Democrats and 7 for UKIP.
“This promises to be the most open, exciting and unpredictable General Election in history but we are putting our necks, and our odds, on the line with this Coral Election Forecast and are confident that it will prove a reliable guide to the outcome on 7th May”, concluded Clare.
** Coral Election Forecast (at Noon, 9th April 2015)
27 Liberal Democrats
2 Plaid Cymru
** Coral’s General Election Betting:
**Prime Minister on June 1st
8-13 David Cameron, 5-4 Ed Miliband, 22-1 Any other person
**To win most seats
4-9 Conservatives, 7-4 Labour, 100-1 UKIP, 500-1 Liberal Democrats, 1000-1 Green Party
**To win an overall majority
1-6 No party, 9-2 Conservatives, 16-1 Labour, 125-1 UKIP, 1000-1 Liberal Democrats
**Make up of next government
2-1 Coalition involving Liberal Democrats, 13-2 Coalition involving the SNP, 14-1 Coalition involving UKIP, 16-1 Coalition involving the Greens
**Two elections in 2015
11-4 Yes, 1-4 No
13-8 65-69.9, 5-2 60-64.99, 3-1 70-74.9, 8-1 55-59.9, 20-1 75-79.9, 25-1 50-54.9, 66-1 45-49.9, 66-1 80 or over
**Total Conservative seats
5-6 284 or more, 5-6 283 or less
**Total Labour seats
5-6 271 or more, 5-6 270 or less
**Total Liberal Democrat seats
5-6 27 or more, 5-6 26 or less
**Total UKIP seats
8-11 Five or more, Evens Four or less
**Total SNP seats
Evens 44 or more, 8-11 43 or less
**Total Plaid Cymru seats
Evens Four or more, 8-11 Three or less
**Total Green seats
4-9 One or more, 13-8 None