2010 UK GENERAL ELECTION LATEST ODDS AND BETTING TIPS
Popular Irish bookmaker Paddy Power has just released the latest selection of odds on the 2010 General Election and the most notable occurrence is the fact that the high-flying Liberal Democrats are now at 33/1- down from the 14/1 price they were rewarding at last week.
David Cameron’s Conservative party have been shortened significantly from 1/6 down to 1/14 and look nearly certain to take the big victory on Friday. Gordon Brown’s Labour Party are listed at 6/1 and their odds will likely be trading at around 8/1 by the time UK citizens go to the polls.
The conservatives are a very slim 1/25 to secure the most votes with Labour at 12/1 and the Lib Dems at 14/1. As it currently stands, a hung parliament is looking like the favoured outcome at 8/13 while a Conservative Majority is still listed at a plausible price of 11/8. A Labour Majority is at 20/1 while a Lib Dem Majority looks an impossibility at 80/1.
David Cameron is favoured to be named Prime Minister after the general election with a 2/15 price well ahead of Gordon Brown at 5/1. Nick Clegg is 14/1 to be named the next Prime Minister.
The odds on a British National Party candidate winning a Parliamentary seat trades at 7/2 with no BNP candidates elected listed at a 1/6 price.
One of the slimmest margins in Paddy Power’s election betting markets is the Lib Dems to form a Coalition on a hung parliament. The “No” option is still favoured at 4/6 while “Yes” rewards at 11/10. Should a coalition be formed, Nick Clegg is heavily-favoured to be named Deputy Prime Minister at a 1/4 price. Foreign Secretary rewards at 6/4 while Home Secretary is at 4/1.
The Lib Dems are at 6/5 to receive more votes than Labour, and you can go in the other direction and say Labour beats the Lib Dems at an 8/13 price.
I think your 2010 election bet really comes down to whether the Lib Dems top the Labour Party. There is plenty of cash to be made backing Nick Clegg’s resurgence and with the Consverative odds shortening all the time, you can see voters moving away from Labour.