Theresa May was obviously upset that Donald Trump was dominating the Politics betting sector and therefore announced the General Election 2017. This hasn't exactly got the bookies rubbing their hands in glee because May is a deadcert favourite to win on June 8th. However, stranger things happen in politics - like Trump taking the White House - so what odds on a massive surprise?
Sky Bet have Theresa May at 1/25 to be the next UK Prime Minister whilst Jeremy Corbyn lags behind at 8/1. Putting money on Corbyn to pull off a shock is a long shot bet but The Tories are trying to hard to help Labour thanks to their Dementia Tax. May has come out today to deflect some of the criticism of this social care element of the manifesto but that shows her as indecisive! We don't think it'll effect her chances of winning but could impact her desired majority.
If you're looking for possible value with General Election odds then take a look at Sky Bets' RequestABet list. There are several books open including Labour to win more than 200 seats (11/4) and The Green Party to win three or more seats (10/1). There are some outlandish offers as well including 150/1 that UKIP will win more votes than Labour.
You can even drill down further into betting with individual constituencies. The key for these markets are to find marginal seats where one or more parties could succeed. For example, Bermondsey & Old Southwark offer 5/6 for Labour and 5/6 for LibDem wins. Bet on Islington North however and you'll be offered odds of 1/200 that Labour will win. Disappointingly multiple bets aren't available so we do wonder whether there's any real value in these books.
10/1 For 70%+ Turn Out
Thankfully you can bet on turnout and seat wins with Sky Bet. You can get 10/1 if there's a 70.01% to 75% turnout and we think this is a good punt. The turnout percentage has improved at each of the last recent General Elections and it was over 70% for Brexit. It's an outside punt, but the best of what's available.
With the football season all but at an end, punters may well be looking for alternative markets to wager on. Unfortunately the General Election looks to be a one horse race with the focus on just how many votes/seats Labour will lose by. We think that there's more fun on the Trump Impeachment odds market.
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