UK Election Betting Preview

It really looks as though the bookmakers have a good handle on how things are expected to shape up in the upcoming election in the United Kingdom. Boris Johnson and his Conservative Party appear set to dominate the election despite a last ditch effort from Labour to bring healthcare to the forefront of this election. 

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As it currently stands, you’ll find that a Conservative victory is nearly a foregone conclusion with a price hovering around a slim 1/20 margin with several major bookmakers. 

There are a few interesting markets in play, however, and the Conservatives are a bit less likely to wind up securing a majority. You’ll find them trading around a best price of 4/11 with several top bookmakers to be named with a majority in the British Parliament. 

A Labour minority is considered to be the second most likely result and that’s trading around a 7/1 listing while a Labour/SNP coalition sits around a 14/1 margin while a Conservative Minority sits around 30/1. It’s an interesting market that could wind up getting more dynamic as we get closer to the day of the election, itself. 

Obviously this has some interesting ramifications on the Brexit vote and you’ll find that the bookmakers believe that Article 50 will not be revoked and that trades around a ⅙ price tag while Article 50 to be revoked can be backed around a 15/4 margin. 

A No Deal Brexit can be backed around a 20/1 margin and, at this stage, anything seems possible.