The SNP are the subject of a huge gamble in the Scottish Parliamentary elections according to Ladbrokes
Political punters were suitably impressed by Alex Salmond in the first debate and backed his party accordingly causing the bookies to slash the odds on an SNP win from 11/4 to 7/4 overnight.
Labour who were as short as 1/12 for the election at one point and a banker in the eyes of many now drift to 2/5. The Conservatives and Liberal Democrats both remain rank outsiders with odds of 100/1 each.
Alex Donohue of Ladbrokes said: “Labour have drifted from apparent dead-certs and all the momentum now appears to be with the SNP. It’s a genuine two horse race and should trade continue like this we expect Salmond’s party to assume favouritism shortly.”
Ladbrokes latest betting
Scottish Parliamentary elections – to win most seats
Labour – 2/5
SNP – 7/4 (from 11/4)
Conservative – 100/1
Liberal Democrats – 100/1