Bookmaker trading teams have rushed to revise their UK political betting markets, as media reports that opposition leader Jeremy Corbyn will change the Labour Party’s stance on a December General Election (yet to be confirmed). With EU leaders agreeing to extend Article 50 negotiation terms until 31 January 2020, and with Conservative Party opposition withdrawing ‘No Deal Brexit’ from negotiations, it …
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PM tipped for further defeats says Paddy Power
As Parliament is due to be given another chance to vote for a general election on Monday, making it the second opportunity this week, Paddy Power has made it odds-on that MPs will choose to vote against an early election. Boris Johnson has faced a difficult week in Westminster, having faced a party rebellion, a number of resignations and a …
Read More »Triggered… Paddy Power suspends UK General Election markets
Updating its UK political markets, Paddy Power becomes the first bookmaker to suspend wagering on a UK 2019 General Election being triggered, following news that Prime Minister Boris Johnson has called for a senior cabinet meeting later this afternoon. Commenting on market trading, Paddy Power details that odds on a General Election being officially announced had fallen from 2/5 this …
Read More »Tom Watson – ‘Cultural change’ is key to gaining a purposeful gambling industry
Labour Party Deputy Leader Tom Watson has published the full transcript of his speech on gambling reforms delivered yesterday to UK ‘cross-party’ thinktank DEMOS. In his opening statement, Watson outlines his belief that the UK gambling sector’s defence of FOBTs machines through ‘unacceptable lobbying’ has seen its incumbents ‘fall beyond public accountability’. Watson states that any future Labour government ‘must …
Read More »Curtains for Corbyn? Paddy Power cuts odds on Jezza’s 2018 resignation
It appears that the Labour Party cannot escape charges of antisemitism, as this week Israeli Prime Minister Bibi Netanyahu released pictures of party leader Jeremy Corbyn ‘supposedly’ attending a wreath-laying ceremony for the 1972 Munich Olympic Games terrorists in 2014. The Labour Party has defended Corbyn’s position, stating that its leader was ‘visiting a Tunisian cemetery to honour innocent victims …
Read More »Bookies Corner – Local Elections 2018 – Labour tipped to capitalise on Tory turbulence
It’s difficult to remember a time when political turmoil was so commonplace. Neither party is exactly blossoming in the opinion polls, but it’s Labour that will be feeling most confident heading into Thursday’s local council elections, with many analysts suggesting the Tory Party could suffer its worst ever result in London. SBC News caught up with three political betting experts to …
Read More »Paddy Power shortens odds on 2018 UK General Election as PM May faces party revolt
The pressure is mounting on embattled UK Prime Minister Theresa May, as Brexit negotiations head towards collapse, and rumours surface of a potential Conservative Party revolt against her leadership. Last week, the European Union’s Chief Negotiator Michel Barnier gave the UK government a two-week deadline in which to ‘clarify its stance on financial obligations and EU citizens’ rights’. Barnier warned the …
Read More »Timeline – How the fate of fobts became such a deep seated issue
As the long awaited triennial review of gaming machines stakes and prizes looms, it’s seemingly becoming increasingly likely that the result will be a crippling clampdown on the maximum stakes on fixed-odds-betting-terminals (FOBTs). Since the introduction of the Gambling Act in 2005, the political maelstrom that has engulfed FOBTs has inevitably intensified the levels of tension, and decreased the levels …
Read More »Betfair Politics – All eyes on May as Corbyn evens General Election market
Following the conclusion of this week’s Labour Party Conference, Betfair Politics informs that at present both Labour and Conservative are evens to ‘win most seats at next General Election’. Jeremy Corbyn’s closing speech in Brighton was well received by Labour Party delegates. Following two years of fractious party conventions, UK media now reports that Corbyn may have finally united all …
Read More »Betfair Politics – Punters not backing March 2019 EU Exit
Yesterday’s passing of the ‘EU Withdrawal Bill’ by the House of Commons may represent the clearing of a major Brexit hurdle for PM Theresa May, however, Betfair Politics informs that the UK public remain sceptical of the country leaving the European Union by the target deadline of 29 March 2019. The Bill which aims to repeal a number of provisions …
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