General Election punters increasingly backing hung Parliament
The General Election is now just a few days away and political punters are increasingly leaning towards a hung Parliament, according to the latest market moves.
With Labour closing the gap in the polls, the Conservatives’ hopes of securing a sizeable majority are perceived to under threat.
And that’s led to the current swathe of money ahead of Thursday’s vote.
Matthew Shaddick, Head of Political Betting at Ladbrokes, said: “The biggest shift we’ve seen this week is punters backing a hung Parliament. At the beginning of the election it was as small as 5 per cent and today it’s at 20 per cent.
“With punters now anticipating a Tory majority of 70, down from 150 at the beginning of the election we’re offering 20/1 for another election this year.”
Ladbrokes latest betting – 2017 General Election:
Conservative – 1/10
Labour – 6/1
Conservative – 1/4
No overall majority – 9/2
Labour – 12/1
PM on 1st July 2017
Theresa May – 2/9
Jeremy Corbyn – 7/2
Under 55% – 20/1
55-60% – 5/1
60-65% – 6/4
65-70% – 2/1
Over 70% – 11/2
Keep checking back for the latest updates 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