First Political Grand National Smashes Betting Records
BOOKMAKERS William Hill have dubbed the General Election 'the first Political Grand National' as betting turnover on the outcome is set to smash all previous records.
'We've already seen the largest ever General Election bet of £200,000 on a Hung Parliament staked, and we are predicting that new betting turnover records will be set during this campaign' said Hill's spokesman Graham Sharpe.
'Politics is probably the fastest growing area of our business, and it is now our biggest non-sporting subject - beating even the Royal Baby and reality tv.
We're predicting that this General Election, which boasts over a dozen possible outcomes, compared to the usual two or three, will produce the first eight figure political betting turnover, at least doubling the 2010 figure'
Meanwhile, David Cameron has been backed from 6/4 to 11/8 (stake £8, make a profit of £11) to be in Number 10 on August 1. Ed Miliband remains favourite, although his odds have lengthened from 8/15 to 4/7.
But the Tories are hot favourites to win the most seats - at odds of 1/4, compared with Labour's 11/4; and also hotly fancied to poll the most votes - 2/9 to Labour's 3/1.
However, the most likely General Election outcome is a Labour minority government - Hill's 13/8 favourite. They also offer 3/1 Conservative minority; 4/1 a repeat of the Con-LD coalition; 7/1 Coalition involving SNP; 15/2 Conservative majority; 8/1 Lab-LD Coalition; 25/1 Coalition involving DUP; 28/1 Coalition involving Ukip; 28/1 Labour majority; 33/1 Con-Lab coalition; 50/1 Coalition involving Greens; 200/1 Ukip majority; 500/1 Lib Dem majority.
SNP to win every seat in Scotland - 5/1; Labour NOT to win a seat in Scotland - 3/1.
HOW MANY SEATS.....For Tories- 10/11 285 or more; 10/11 284 or fewer; Labour- Evens 273 or more; 8/11 272 or fewer.