After taking a break due to the horrendous scenes witnessed in Manchester earlier this week, politicians of all parties are slowly getting back to campaigning as the 8th June 2017 UK General Election date looms large. When current Prime Minister Theresa May of the Conservatives Party made the snap election announcement a little over a month ago, bookmakers were backing the Tories to sweep up.
There have been plenty of barbs traded from parties across the board since, although the usual TV debate turned into a bit of a damp squib once it was announced that both Prime Minister May and Leader of the Opposition, the Labour Party’s Jeremy Corbyn, wouldn’t be participating.
So, have the bookies had a change of heart, or do they still think Jezza is a gonner?
Labour’s General Election Odds Improve, But Still Lag Considerably
Compared with the initial general election odds, Corbyn has got to be delighted with his (predicted) progress. Being miles behind in opinion polls at the start, many recent surveys have suggested that the Islington North MP has made up significant ground in the chase for Downing Street’s next incumbent cum 9th June.
Unibet, for instance, have priced Jeremy Corbyn to be the next Prime Minister of the United Kingdom at 7/1 (all odds at time of writing).
Theresa May is the clear favourite still at 1/10, with Liberal Democrats’ Tim Farron and UKIP’s Paul Nuttall being huge outsiders at 250/1.
Speaking of UKIP, many are predicting the UK snap election 2017 to strike a telling blow to the party’s future, as Betfred have priced up the likelihood of the eurosceptics to win no seats at 1/12. With Brexit well and truly on its way, many have scrutinised UKIP’s future plans now the party’s main goal has/is being achieved.
If anyone is really into their local politics, Betfair have odds on every single UK constituencies across the country. It truly shows how political betting has exploded in recent times that UK bookmakers have gone to such trouble to create wagers for every single voting region, and we don’t expect this to slow down anytime soon with German elections and more polls incoming.
With the Odds Shortening, Many Punters Are Eyeing Another Political Shock
While Theresa May should still easily sail to victory with a clear majority, plenty of gamblers have other ideas. It’s not exactly a secret that bookies took a huge hit during 2016 for the two major political upsets, but could history repeat itself again!?
Well, it can’t be doubted that Corbyn has made decent headway since the snap election was called, but he needs to have a whirlwind next couple of weeks to truly challenge May.
Will the UK General Election 2017 Bets Smash the All-Time Record?
One thing that we’re sure off is that the 2017 general election in the UK on 8th June will be one of the most popular political betting markets ever. It’s true that this area of gambling is still in its infancy, but Brexit and the US Presidential election certainly raised interests and oversaw huge sums splashed.
We brought to your attention how there was more than three-quarters of a million pounds spent on the UK general election at Betfair alone in the first 24 hours of May’s press conference, so it’s going to be both interesting and mind-boggling to see the final figure in a few weeks’ time.
If you’re preparing to have a flutter on the UK general election, why not play casino for free first to get in the swing of things? We’ve got some cracking no deposit welcome bonuses for you to admire, with quality entertainment available on both mobile and desktop depending on your preference.