The Labour Party has fallen to its lowest ever level of support in the betting on an overall majority in the wake of Gordon Brown’s labelling of a lifelong supporter a bigot, according to Betfair customers.
Labour were on 30-1 for a majority this morning and are now out to 46-1. Those are the biggest odds for a Labour majority on Betfair since the market opened shortly after the 2005 General Election.
Perhaps even more notably, the Conservatives have rebounded at the same time, with their chances of a majority up 5% from 2-1 (a 33% chance) this morning to 13-8 (38%). A Hung Parliament has gone from 8-15 (63%) to 4-6 (60%).
Betfair spokesman Mike Robb said: “There’s no doubt in what the punters are saying: Brown has royally messed up this time. Labour are at their lowest point ever in the betting.
“The Conservatives are the key beneficiaries of this, with their chances of a majority rising five percent in the two hours after Gordon’s gaffe.”
Next General Election Overall Majority – Betfair: 38% (odds 13-8) Conservatives, 60% (odds 4-6) Hung Parliament, 2% (odds 46-1) Labour
Seats In House of Commons – Betfair: 309-314 Conservatives, 211.5-213 Labour, 86.5-89.5 Lib Dems, 8.5-9.5 SNP, 4-4.5 Plaid Cymru, 6.5-8.5 DUP
