58% of bets in the last hour have backed a Corbyn-led government.
A flurry of bets have been placed on a Labour minority government following the general election, overtaking the popularity of a Tory majority this morning.
In the last four hours, 47% of all bets on the ‘government after the next general election’ market have backed a Jeremy Corbyn minority Government.
That number rises to 58% of all bets in the last hour, with the tide seeming to start turning slightly from a betting standpoint.
In turn, one bookmaker has cut odds from into as short as 5/1, indicating a 16.7% implied probability chance that Corbyn forms a government.
However, one firm is offering the best price of 8/1, still making it the second most likely outcome following December 12th.
A Labour and SNP coalition is the joint-third most likely outcome at 14/1, the same price as a Tory minority government.
When looking at the favourite, a Conservative majority still remains the most likely scenario, according to bookmakers, with odds currently sitting at 1/3.
Oddschecker writer Ali Thrupp: “Taking the odds as fact, the Tory majority has a stranglehold on the general election markets, but the behaviour of punters on the week of the vote is notable. Could it reflect a shift in the feeling of the electorate too?
"Just days before the country goes to the polls, we're seeing a sharp increase in bets on the 'No Overall Majority' outcome and specifically on a Labour minority government."
