Political betting hots up for the run-in as online bookmaker extrabet saw some stern business on their General Election markets over the last 48. We know this blog post is not a sport but it is a big event that will effect London and the country.
A significant bet on Labour from one of the shrewdest political punters in the land alerted the traders that a move in Westminster may be in the offing. This weekend alone Labour ‘s expected seats on extrabet ‘ Election Party Seats’ market s traded from 219-224 to 224-229. This jump of 5 seats may not seem a vast amount to the naked eye but with the intelligent cash all coming for Labour at present then maybe this race isn’t as over as many think.
Elsewhere the Greens should not be envious come 7th May as the chances of them winning a seat have been slashed from 5/4 to 4/6 after a sack-full (organic of course) … of cash came for them this weekend.
extrabet’s Chris Shillington explains more about the betting on the election
“There’s been more swings and turns in this race than any election since 1992 and punters tend to get political betting more right than not. At present it’s the Conservatives to lose but Labour are moving very much in the right direction”
SPREAD BET ON THE ELECTION
Next Election Party Seats
Labour 224-229
Cons 329-334
Lib Dems 61-64
Vote %
Labour 30-33
Conservatives 38-39
Lib Dems 21-22
BET ON THE ELECTION
Winner
Labour 9/2
Conservatives 1/7
Lib Dems 80/1
Hung Parliament 11/8
Conservative Majority 8/13
BNP to win a seat 3/1
Turnout Over 65% 5/4
Under 65% 4/7
