The Labour Party has hit its shortest price of 15/1 since the snap call for a UK General Election (8 June). The opposition party makes its comeback as the latest YouGov election polls have the Conservative Party ahead by a 9-point lead. Betfair Politics maintains the Tory as 1/18 market favourite (94% chance of winning) to maintain its government. Updating …
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William Hill – Labour publishes its ManifestNO but Corbyn is still being backed to remain as party leader
Yesterday’s official publishing of the Labour Party Manifesto, has done little to convince political punters that Jeremy Corbyn is the man to back for the 2017 UK General Election (8 June). Issuing a market update this morning, bookmaker William Hill has revealed that betting on the Tories is currently outmatching Labour wagers by 10:1. Guided by the strapline “For The …
Read More »Bookmakers fail to call UK General Election result
The betting market’s reputation as the best political outcome poll/indicator has taken a bit of a beating, with the Conservative Party winning a slight majority after yesterday’s General Election. Throughout the build up to the 7 May General Election, political betting markets had favoured a Hung Parliament which would be led by a Labour Minority. Bookmakers William Hill, Coral and …
Read More »Short sellers target weak Ladbrokes
The Daily Telegraph has reported that several hedge funds have ramped up their bets against Ladbrokes Plc, ahead of the 7 May UK General Election. The newspaper reports that the proportion of shares out on loan, a metric for short-selling has risen by 8.9%, the highest Ladbrokes has seen since October 2013. At present Ladbrokes are the seventh most shorted …
Read More »Few positive signs for gambling from General Election
Tomorrow sees one of the closest UK General Elections for 40 years and it feels like a pivotal one for the gambling industry. None of the outcomes are good for our sector, just varying degrees of how bad the impact is going to be on us. Given the long run up to the election, the campaigning parties have not touched …
Read More »Betfair launches ‘UnSpin’ app the political jargon buster
With the political campaigning and inevitable spin hotting up,Betfair has created ‘Unspin it’, an app designed to unpick the political language of misdirection and misinformation. Betfair’s ‘Unspin it’ app light-heartedly solves the problem by using a three stage process allowing consumers to choose the topics they want to hear about from specific politicians. A fruit machine style device appears with 3 …
Read More »Coral Election Forecast – Labour closing ground on Tories
Coral today released its latest General Election Betting Forecast based on the current betting markets which shows Labour making ground on the Tories at the expense of the SNP. The Coral forecast is a mathematical model that uses the odds on constituencies to calculate the overall number of seats that each party is most likely to win. In the latest …
Read More »Boylesports releases UK General Election 2015 market breakdown
With the UK General Election voting day less than a month away, bookmaker Boylesports has published in-depth data into their General Election betting markets. At present it appears that the Conservative Party have the upper as they head the betting at 2/5 to win the most seats. Labour Party are next at 7/4 with UKIP and Liberal Democrat’s all but out …
Read More »Betfair launches Betfair Predicts UK General Election monitoring app
Betfair has announced the launch its special Betfair Predicts app, which will aim to show how the Betfair Exchange is monitoring the UK 2015 General Election. The app has been developed and designed by Betfair partner technology development firm Grand Parade. Betfair’s Exchange has a track record of calling political outcomes correctly; most recently calling a “No” vote at the …
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