Labour Minority Government now favourite after Miliband speech

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Personally, I was delighted with Ed Miliband’s speech today. His categorical “No SNP ministers in my cabinet” promise was warmly received at Ladbrokes.

Not that we have anything against the SNP, but a Labour/SNP coalition has been backed down from 100/1 to 6/1 in the last few months and was by far our worst result in the post-election government betting. We pushed the odds out to 12/1 today.

posteg1

As a result, we now make a Labour minority government the favourite at 3/1. Our rules say that we settle on a coalition arrangement only if all of the named parties have full cabinet representation. A minority government is any one in which a party gets under 326 seats, but has all of the seats in the first reformed cabinet.

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Matthew Shaddick

Matthew Shaddick has been Head of Poliical Betting at Ladbrokes since 2008. He's a writer and odds-maker with particular expertise in UK and US elections. Also known to dabble in music, literary and other out of the way betting markets. Sometimes issues tips on horse racing and football, which are best ignored.