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Home >> 2010 General Election Betting >> Conservatives odds-on for majority after betting spree

Conservatives odds-on for majority after betting spree




(First Published: Sunday 2nd May 2010 at 08:31hrs GMT)





The Conservatives are now the punters’ pick to win an overall majority at the General Election next Thursday, according to the betting on Betfair.

They are currently given a 53% chance (odds 10-11) of gaining a majority.

A Hung Parliament has been the favourite since shortly after the first TV debate, but is now a 45% chance (odds 5-4), with a Labour majority on 2% (odds 49-1) and the Lib Dems on 1% (odds 139-1).
 
The betting now predicts the Tories to win 325-330 seats, with Labour on 208-213 and the Lib Dems on 85-90.

Betfair spokesman Mike Robb said: “Saturday was crazy day on the Betfair election markets.  Punters had shown support for David Cameron after Thursday’s final TV debate, and the Tory leader is now odds-on for a working majority once more.

“Overall though, the betting suggests it’s very difficult to call which way this contest will go.”

Next General Election Overall Majority – Betfair: 53% (odds 10-11) Conservatives, 46% (odds 5-4) Hung Parliament, 2% (odds 49-1) Labour, 1% (odds 139-1) Lib Dems

Seats In House of Commons – Betfair: 325-330 Conservatives, 208-213 Labour, 85-90 Lib Dems


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David Cameron - his party are now odds-on for overall majority (Action Images)

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