Punters have surprised bookmakers With Bets On Labour

Friday, March 26, 2010

Most Accurate Pollster
2/1 YouGov,    9/4 Angus Reid,    7/2 ICM
4/1 ComRes,     5/1 Ipsos-MORI,     5/1 Populus

Election Latest
1/5 Conservatives , 10/3 Labour, 200/1 Lib Dems

6/4 Hung Parliament, 8/13 Conservative majority, 9/1 Labour majority

Turnout Percentage
50/1 Less than 50%
12/1 50-55%
4/1 55-60%
2/1 60-65%
6/4 65-70%
11/4 More than 70%

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Labour are now 10/3 from 4/1 to win the forthcoming Election, having been all but written off at 7/1 in November. The Conservatives remain hot favourites at 1/5 but have been eased significantly from their 1/14 odds at the beginning of the year with the Lib Dems now out at 200/1 from 150s.

Despite wide criticism of the holes and hidden taxes in Alistair Darling’s budget report, an Ipsos-MORI poll showing the Conservatives just two points ahead of Labour and even behind in some of the marginal seats is believed to have influenced a good proportion of the wagers.

However any punters reacting to the Ipsos-MORI report may have not seen Paddy Power’s betting on the most accurate pollster at the Election with the bookie currently running Ipsos as the 5/1 outsider. YouGov are the 2/1 favourites to record the most accurate polls with ICM at 7/2.

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Darren Haines, spokesman for PaddyPower, said: “It was surprising to see a run of bets on Labour after their budget had been roundly criticised but the polls are suggesting that the Conservatives don’t seem able to completely kill them off. In Gordon Brown there are a good proportion of punters who believe there is still life in the old dog yet.”

However such a keenly fought election could well see a rise in the electoral turnout following the relative apathy of recent years with every vote likely to be important. Paddy Power are offering 6/4 for a turnout of between 65 and 70%, up from the turnouts of 61% in 2005 and 59% in 2001.

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