SBC News Voice of the Sports Betting Industry
Following the announcement that the government must await Parliament’s involvement before Article 50 can be triggered, William Hill has cut its odds about a General Election taking place next year from 6/4 to 6/5.
Before you place that bet though, note that Hills makes 2020 the 10/11 favourite to be the year of the next General Election.
The Conservatives are 8/11 favourites with William Hill to win the next General Election with an overall majority, for which Labour are 6/1, with a Hung Parliament quoted at 13/8. Problems with a seemingly divided Labour party still persist in the wake of Jeremy Corbyn’s victory and rumours remain that the party could split though this is highly unlikely.
Hills have also opened a betting market on whether Parliament will get to vote on Article 50 before the end of next year – and offer 8/11 that there will be such a Parliamentary vote with even money that there will not.
In terms of the eventual Brexit, the bookmaker is offering 1/2 that the UK will leave the EU in 2019; 9/4 in 2020 or later and 6/1 2018 or earlier.
William Hill Spokesman Graham Sharpe commented: “The Article 50 question might yet trigger an early General Election according to some political punters.”
