Snap 2017 Election Betting Update PT 1- By A.J. Ryder on April 19, 2017 17:34 GMT
Theresa May saw her opportunity and she certainly pounced. With Labour looking weak as ever and a populist right-wing surge begins to pan out around the entirety of the globe, the Conservative Prime Minister has called for an election to be held this June – and the bookmakers are already extremely confident in her ability to land it with relative ease.
This would be especially interesting since not only would it give her party an edge in the House but it could also deal a crippling blow to the Labour party and set them back for a few years as they begin a larger soul-searching process going forward as they look to get back to being able to balance the Tony Blair wing of the party with the far-left Jeremy Corbyn wing – who have been on the ropes for quite some time now.
You'll find that the bookmakers have priced the Conservatives down all the way to as low as a 1/20 margin in a few spots but you'll also find a price as high as 1/12 depending on whom you're wagering with.
There really only appears to be one potential winner here, at least according to the odds, and you can bank on Labour continuing to trade at a fairly high price tag as things draw on. It must be admitted that the bookmakers are struggling to price them effectively with a pretty good disparity between a few different outfits.
You'll find that Labour trade at a 14/1 margin with several shops while they can be backed as low as an 8/1 margin with several others. It will be fascinating to watch as their odds swing around but you can already tell that some bookmakers have priced in how the headlines may affect betting volume while a few others have opted not to.