After launching a turnaround almost as seismic as Theresa May’s approach to, well, just about anything, the Labour comeback looks to be over, as punters race to back the Tories in tomorrow’s General Election.
Our traders have been forced to respond by cutting the price of a Conservative Overall Majority into 2/9 from 1/4, while Jeremy Corbyn’s chances of being the next PM have drifted out to 4/1.
Until Monday, our traders had recorded an 84% betcount on Labour-related selections during the course of the campaign, with the most popular punt being on Corbyn as next PM.
The biggest move came after he appeared on the seven-way debate on May 31st, which really did seem like the end of May, as his odds tumbled to 11/4.
But, over the last 24 hours, the Blues have re-asserted their dominance, with more than 70% of Paddy Power’s total turnover coming for the Tories. Crikey.
Spokesperson Paddy Power said: “Labour have done the unthinkable in recent weeks and made this almost a two-horse race. I say almost, because Jeremy Corbyn’s chances are still a fairly distant 4/1. Not that Jeremy knows – it’ll take him a few hours to find that figure on his iPad.
“So rival May looks a (kitten-heeled) shoe-in, despite running one of the most disastrous election campaigns in history. Most politicians talk in riddles, but the PM is performing so many U-turns that she really is going round in circles at the moment.”
Corbyn’s election rollercoaster
19th April – Snap Election is called, 4/1
1st May – Dominant opening fortnight for May, 8/1
4th May – Labour horror shows in Local Elections, 10/1
9th May – Manifesto is well received, 6/1
31st May – Live debates, 11/4
7th June – Final election push, 4/1
Next Prime Minister
1/6 Theresa May
4/1 Jeremy Corbyn
To win the most seats
Government after General Election
2/9 Conservative Majority
8/1 Conservative Minority
9/1 Labour Minority
16/1 Labour Majority
22/1 Labour/SNP Coalition
10/3 No Overall Majority