2010 GENERAL ELECTION LIVE BETTING ODDS

Things are certainly in full swing as far as the betting markets for today’s general election are concerned. In regards to the outright result, the only question seems to be whether it will be a Conservative majority or a hung parliament. The betting volume is quite high with several million pounds matched so far on this market alone with popular online betting exchange Betfair.

You’ll find a hung parliament trading at 1.75 or so while a Conservative majority is trading at around 2.4. A Labour majority looks extremely unlikely and is rewarding at 46.0.
The Conservatives are a dead lock for most seats- that really isn’t even an issue anymore as they are trading at a 1.04 margin. Additionally, you can back a forecast bet on the winner and the type of government that they will form. Currently, Cameron/Majority is deadlocked with Cameron/Minority with both options trading at a 2.38 price. Brown/Minority trades at 7.0 while Brown/Majority is listed at a lengthy 34.0. Any other PM/Any Government trades at 9.6 but don’t throw your money away on that.
The voter turnout market is quite competitive and the layers can’t seem to decide what the favoured option is. Between 65.01-70.0 percent seems to be the favourite by the slimmest of margins with a price hovering around 2.92. 70.01-75.0 rewards at an enticing 2.94. 75.01% or greater turnout pays a very solid 7.6 while 60.01-65.0 pays out at 5.7. This one is all over the map, but whoever gets it right is in for a tidy payday.
With things looking ominous for Gordon Brown’s Labour Party leadership, he is now odds-on to be out the door as party leader by June 2010. He is priced at 1.4 to leave before June 1 while July-September pays out at 4.4. Nick Clegg and David Cameron are both extremely safe with prices of 1.1 to exit in January 2011 or onwards.
David Miliband is the 2.52 favourite to succeed Brown as the next Labour Leader.