Tory and Labour majority chances fading fast

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The new forecast from Stephen Fisher at electionsetc shows Labour’s chances of being the biggest party increase, but the probability of a hung parliament hitting a new high.

Similarly at Ladbrokes, the odds of no party getting a majority have now hit their lowest level at 2/5, having been Evens less than two months ago. Labour and the Tories remain tied at 10/11 each to win the most seats. Combining our odds on the most seats market and majority betting, we can produce the following implied estimates (for the purposes of this I’ve ignored the chances of UKIP and the Lib Dems, although plenty of people are backing the former):

forecast2

One caveat about the Fisher numbers: They haven’t yet properly dealt with the recent SNP surge in Scotland. Once they’ve built that in, I expect their Labour majority estimate will be a bit closer to ours.

All of this has led to a totally wide open market on the make up of the post-election government.

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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.