Odds on a hung parliament shorten with three days to go
The odds on Thursday’s General Election resulting in a Hung Parliament shortened again today, with bookmaker Coral cutting the odds to 4/1 from 5/1 after a run of bets on that outcome.
Whilst the Conservative Party are long odds-on at 1/10 to win the most seats in Thursday’s poll, the party is now just 1/4 with Coral to win an overall majority, having been 1/16 to do so at the start of the campaign.
“Whilst the Tories are still favourites to achieve an overall majority in Thursday’s General Election most of the bets we are taking today are being placed on a Hung Parliament which has forced us to cut the odds on that outcome”, revealed John Hill, Coral spokesman.
“It is incredible to think that when the Election was launched just a few weeks ago our odds suggested it was effectively a no-contest between Theresa May and Jeremy Corbyn, yet now with just days to go this has turned into a brilliant betting event with bets being placed on almost every conceivable outcome”, added Hill.
“We now expect betting turnover on the Election to get close to the levels of the 2015 poll despite it only being called just a few weeks ago”, concluded Hill.
**General Election Most Seats
1-10 Conservative, 11-2 Labour, 500-1 Liberal Democrats, 1000-1 UKIP, Green
**Prime Minister on July 1
2-9 Theresa May, 7-2 Jeremy Corbyn, 33-1 Boris Johnson, 200-1 Tim Faron, 500-1 Paul Nuttall
**General Election Overall Majority
1-4 Conservatives, 4 No overall majority, 12-1 Labour, 500-1 Liberal Democats,
5-6 361 or more, 5-6 360 or fewer (Was 395 or more, 394 or fewer)
5-6 210 or more, 5-6 209 or fewer (Was 163 or more, 162 or fewer)
**Liberal Democrat seats
5-6 11 or more, 5-6 10 or fewer (Was 18 or more, 17 or fewer)
5-6 47 or more, 5-6 46 or fewer
1-5 None, 7-2 One or more
**Conservative majority over 100
Further Information Contact
John Hill 07889 645520