After several weeks of campaigning the breadth of the United Kingdom, the political parties have downed tools and await the outcome of the vote tonight in the UK general election. With Brexit talks after triggering Article 50 and increased calls for heightened national security, the stage is set for what could possibly be another shocking election result. What Are The Odds looks at the odds of who could come out victorious in the vote to be next British Prime Minister.
UK Election Betting Odds and Offers
According to the last published political poll, according to the Telegraph, the Conservatives have bolstered their chances with a 43% average compared to the Labour Party further back at 36.5%. However, as it’s been proven with the US election and the Brexit result, taking too much stock in the polls may be a little presumptuous.
Bookmakers have generally been unwavering in their backing of the Theresa May’s Conservatives to retain their spot in 10 Downing Street, but the Labour Party have seen momentum swing their way in recent weeks, but if you follow the odds then it looks likely that Corbyn’s team will fall short.
Ladbrokes are offering extremely short odds on the Conservative to win the most amount of seats in Parliament, with odds of 1/20 (1.05) available. Although things haven’t always been certain in political betting in the past year or so, this one couldn’t look more nailed on at this point.
The difference is reflected clearly with Labour’s odds from Sky Bet, with juicy 10/1 (11.0) prices on-offer for Jeremy Corbyn’s red side to win the most seats.
What about other parties? Well the odds paint a picture where the Liberal Democrats would once again continue to flounder in the shadow of the top two parties, with mammoth odds of be the third biggest party with odds of 1000/1 (1001.0), while UKIP would once more fade into the distance with Betfred offering odds of 2000/1 (2001.0) on Paul Nuttall's party to win the most seats.
Odds on the next Prime Minster (be it an outright win or coalition win) is another one sided market, with Theresa May the clear favourite and Betfair offering enhanced odds at 4/1 (5.00) on the second woman British Prime Minister to triumph.
Jeremy Corbyn has built up a huge youth following in the wake of the snap election being called and anything could happen on election day, but the odds aren’t so favourable, however Paddy Power are offering huge enhanced odds of 18/1 (19.00) on Corbyn to rise to top political office and send shock waves through the British political elite tonight.
Probability of Next UK Prime Minister
|Next UK Prime Minister||Next UK Prime Minister Odds||Probability|