Political Betting: Brexit Chaos Means General Election Odds Slashed
General Election Betting Odds Slashed into 7/4!
If the British government appears in turmoil at the moment, spare a though for punters and online bookmakers who don’t know where to turn following the shock resignations of Brexit Secretary David Davis, Foreign Secretary Boris Johnson and Junior Minister Steve Baker. Amidst all this Brexit chaos, the General Election betting odds for one to take place during 2018 were massively cut.
Moreover, Irish bookie Paddy Power seem to think it is almost inevitable there will be a leadership contest within the Conservative Party before the year is out. They are going just 1/4 (1.25) about this happening in 2018 and they are also offering a whopping odds of 2/1 (3.00) about Theresa May still being the British Prime Minister on April 1st 2019.
Based upon the top political betting odds currently available, Sajid Javid is favourite to be the next Conservative Party leader, he’s 9/2 at Betfred. Michael Gove (6/1 bet365*) and Jacob Rees-Mogg (6/1 Unibet) are next in the betting market with Boris Johnson’s price ranging from 4/1 (at William Hill) to as big as 9/1 at bet365*.
Bizarrely ‘Bumbling Boris’ is top-priced 8/1 with all other firms in the next Prime Minister betting odds. Sajid Javid and Labour leader Jeremey Corbyn dispute favouritism here, 11/2 is available about either being the next person to lead the country.
Latest General Election Betting Odds
In a chaotic 24-hours the General Election betting odds for one taking place in 2018 were slashed from 11/2 into just 7/4 with Ladbrokes (who are still offering the industry top-price).
And next year is a strong fancy too. A 2019 General Election is generally a 5/2 bet, but some odds of 11/4 can be found over at Betfair.
— BBC Daily Politics and Sunday Politics (@daily_politics) July 1, 2018
Meanwhile the turmoil and uncertainty has seen the Pound lose value against the Euro. On Monday July 9th the Pound closed at €1.125 against the Euro. That’s the lowest it has been since March 2018.
888Sport are going just 2/1 that it loses around 10% in value by next Spring as they are offering those odds about the Great British Pound having an exchange rate value equal or less than €1 on March 31st 2019.
* Betting odds correct at the time of writing
MAY HANGS BY THREAD IN UK… https://t.co/4SIfi7WMRt
— DRUDGE REPORT (@DRUDGE_REPORT) July 8, 2018