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Betfair has its say as May calls for General Election

2017-05-18 09:47:09

Indeed, the firm sees little hope of a changing of the guard with the Conservative Party overwhelming favourites to win the most seats (93% chance) and an overall majority (85% chance – party needs 326 seats for this eventuality). Betfair’s markets suggest the most one-sided election in over a decade and mirror the betting for Labour’s landslide victory in 2001. The markets will do little to comfort beleaguered Labour leader Jeremy Corbyn.

Betfair Announce Major Interest As Election Fever Mounts

Betfair Politics’ recorded £750,000 in betting within the first 24 hours on its Betfair exchange market ‘UK 2017 General Election’. The market was put out shortly after UK PM Theresa May announced a General Election on June 8th, 2017. May’s reasoning for the announcement was that she needs her own mandate in order to push the controversial Brexit move through. British MPs voted overwhelmingly in favour of May’s call, with 522 agreeing and 13 opposed, easily surpassing the two-thirds majority needed.