But party could still fall well short of winning the seats needed to form a government.
With just two weeks of the campaign to go, the bookmakers had the Labour party winning just 171 seats and thus 14/1 to win the most seats in the general election. However, with just hours left to vote, Jeremy Corbyn’s party have been cut back into to as short 11/2 following a surge of late bets.
The major shift in odds is due to Labour now being favourite for 192 seats and a close second favourite (under 6/1) in another 66 constituencies. Of those 66 seats where they have a fighting chance, 61 have the Conservative Party at the top of the market.
If the Labour party were to win all of those 61 seats as well as those they are favourites for, they’d still be 66 seats behind the Conservative party.
With that in mind, it’s difficult to see a world where the Conservative party don’t win the most seats. However, if Theresa May’s party do lose other seats to rivals such as the SNP (favourite for 45 seats and second favourite for another 10) a Labour/SNP coalition could bring Corbyn into power.
With a potential coalition on the cards, the odds for Jeremy Corbyn being named the new Prime Minister following the election have been cut to as short as 7/2 with one bookmaker, but remains 5/1 in places. The chances of the next government being a coalition between Labour and SNP Is available at 12/1.
UK wide overview according to bookmaker odds:
Conservative
Fav: 380
Close 2nd Fav (Under 6/1): 83
Labour
Fav: 192
Close 2nd Fav: 66
SNP
Fav: 45
Close 2nd Fav: 10
Lib Dems
Fav: 10
Close 2nd Fav: 34
Dup
Fav: 8
Close 2nd Fav: 1
Sinn Fein
Fav: 6
Close 2nd Fav: 2
SDLP
Fav: 2
Close 2nd Fav: 1
Green Party
Fav: 1
Close 2nd Fav: 1
Alliance
Fav: 1
Close 2nd Fav: 0
Lady Hermon
Fav: 1
Close 2nd Fav: 0
Plaid Cymru
Fav: 4
Close 2nd Fav: 2
UKIP
Fav: 0
Close 2nd Fav: 0
