Bookies facing mammoth payout if Labour and Corbyn get power
Political punters are continuing to back a shock Labour win in next month’s general election, leaving us with a potential multi-million pound pay out, according to the latest odds.
The odds of Jeremy Corbyn taking over at No.10 have been cut again to just 6/1 from 12/1 just a few days ago.
While the Tories remain strong favourites, their manifesto launch does not seem to have impressed punters.
Meanwhile, our political guru has reported “absolutely no reaction” to the May and Corbyn-less Leaders’ Debate last night, and their prediction for Liberal Democrat seats is now a new low of just 13.
Matthew Shaddick, Head of Political Betting at Ladbrokes said: “A Labour victory now looks likely to result in a significant redistribution of wealth away from our pockets to those of punters”
Ladbrokes Latest Betting:
2017 General Election
Conservative – 1/25
Labour – 10/1
Conservative – 1/16
No overall majority – 12/1
Labour – 20/1
PM on 1 July 2017
Theresa May – 1/16
Jeremy Corbyn – 6/1
Keep checking back for the latest from our political betting team as the campaign trail unfolds.
And click here for the latest General Election odds.
All Odds and Markets are correct as of the date of publishing