UK General Election Odds and Best Bets

By Valuechecker on 15/04/2010 11:57

UK General Election Odds indicate this is a two horse race between the current incumbents the Labour Party and the Conservatives led by David Cameron, the Liberals cannot win.

The Conservatives are a short price which has more to do with the unpopularity of Gordon Brown and Labour than it does with any strong desire to vote Conservative.  

Voter apathy with politics and the years of sleaze point to a very low General Election turnout which will again aid the Tories, it seems very unlikely that Labour who at least offer some value at the price in a two horse race can win.

However we can find more interesting betting opportunities away from the outright market in the 2010 UK General Election. There is constituency betting on offer where many marginal seats are up for grabs especially taking on sitting candidates who have been embroiled in the expenses scandal. The MP’S misdemeanours have been very well publicised in the media and many a high profile candidate will spending more time with their family after the election.

A hung parliament is also a strong possibility where no party has overall majority. The last time this happened at a General Election was 1974 when Edward Heath and Harold Wilson were the Party leaders. If the Labour Party as expected lose 24 seats and the Conservatives do not gain 116 seats we will have a hung parliament.  Any party to win an overall majority needs 324 seats, the odds on a hung parliament are odds against at the moment and this is a strong possibility.

If the Conservatives fail in their overall aim to gain an overall majority they may get around 320 seats which is on offer at odds against. We expect that it may be closer than some of the political commentators are predicting and two bets on the seats market looks the way to go.

Recommendation: 1 Point Win: The Conservatives to get between 300-324 seats and 2 Point Win: The Conservatives to get between 325 -349 seats.