Paddy Power have slashed the odds on the Conservatives taking an overall majority in next month’s election – the price plunging from 8/11 to 4/7, after Nigel Farage announced a ‘Leave Alliance’.
We now expect Boris Johnson’s party to take 338 seats, up from 328 this morning.
Further, the alliance announcement sees ‘no overall majority’ (13/8) overtake Labour in the betting for who will rule the Commons after the General Election.
The chances of a Tory and Brexit Party Coalition have also shortened slightly to 14/1 – though, for context, that’s still behind the Labour, Lib Dem and SNP alliance (10/1) in the betting.
Asked about the move in the markets spokesman Paddy Power said: “Nigel Farage has announced a Leave Alliance with the Conservatives, even if BoJo isn’t desperate to reciprocate – it reminds me of kiss chase as a kid.
“As far as Unholy Alliances go, it’s right up there, but it may at least put Brexit to bed once and for all. You win some, you lose some – even if the NHS could well fall into the latter camp, allegedly.
“Elsewhere, the Lib Dems and Greens have also made a pact – hopefully not to be considered a wasted vote this time around.”
150/1 Brexit Party
150/1 Lib Dem
4/7 Conservative Majority
9/2 Labour Minority
9/1 Conservative Minority
10/1 Labour, Lib Dem and SNP Coalition
14/1 Conservative and Brexit Party Coalition
1/3 Boris Johnson
2/1 Jeremy Corbyn
4/9 0 – 4.99%
7/4 5 – 9.99%
12/1 10 – 14.99%
* Paddy Power’s full range of political betting markets – and my god there are plenty – are available here.
* All odds correct at time of posting.