Jeremy Corbyn’s party shortened from 7/1 into 9/2, but that price is no longer…
Labour have been subject to fluctuating odds on whether they will win the most seats at the next general election, following Jeremy Corbyn’s campaign launch.
Corbyn’s party were 7/1 to win the most seats prior to his backing of an early election, although shortened all the way in to 9/2 after the announcement.
However, that price has now lengthened back out to 6/1, which remains the best price on Labour pipping the Conservative party to win the most seats.
On the other side, the Conservative party is now severely odds-on in the market at 1/6, indicating an 85.7% chance that Boris Johnson and co emerge victorious.
The Liberal Democrats continue to drift in the market, now priced at 35/1, with money being placed on Jo Swinson’s party dwindling as the election draws nearer.
Once as short as 8/1 to win the most seats at the next election, the Brexit Party have had a monumental drift in the market since entering – and are now a lofty 50/1.
In regards to the next Prime Minister after Boris Johnson market, Jeremy Corbyn is the clear favourite at 5/2. Swinson follows next at 20/1 with Nigel Farage the third favourite at the same price.
Oddschecker spokesperson Callum Wilson: “The most seats market hasn't looked like a competition since Boris Johnson took charge of the Conservative Party.
“However, the rhetoric of Jeremy Corbyn's election campaign suggests it won't be such a foregone conclusion.
“Over the last week we've seen odds on Labour winning the most seats fluctuate around a similar mark, but as the campaigns begin to take shape, we could see bookmakers spark into life."