General Election Betting: Brown 'bigot' gaffe sees Labour odds plummet

General Election Betting / Maxliu / 28 April 2010 / Leave a Comment

Gordon Brown is confronted by a voter in Rochdale

“There’s no doubt about what the punters are saying: Brown has royally messed up this time. Labour are at their lowest point ever in the betting."

Chances of a Conservative majority up 5% since this morning, after Brown labels lifelong supporter a 'bigot.'

Labour have fallen to their lowest ever level of support in the betting on an overall majority after Gordon Brown labelled a lifelong supporter a bigot.

Labour were on [31.0] for a majority this morning and are now out to [47.0]. Those are the biggest odds for a Labour majority on Betfair since the market opened shortly after the 2005 General Election.

Perhaps even more notably, the Conservatives have rebounded at the same time, with their chances of a majority up 5% from [3.0] (a 33% chance) this morning to [2.63] (38%). A Hung Parliament has gone from [1.53] (63%) to [1.67] (60%).

Betfair spokesman Mike Robb said: "There's no doubt about what the punters are saying: Brown has royally messed up this time. Labour are at their lowest point ever in the betting.

"The Conservatives are the key beneficiaries of this, with their chances of a majority rising five percent in the two hours after Gordon's gaffe."

Next General Election Overall Majority: 38% (odds 13-8) Conservatives, 60% (odds 4-6) Hung Parliament, 2% (odds 46-1) Labour

Seats In House of Commons: 309-314 Conservatives, 211.5-213 Labour, 86.5-89.5 Lib Dems, 8.5-9.5 SNP, 4-4.5 Plaid Cymru, 6.5-8.5 DUP

For a live graph of the betting and key polls, go to www.electionpredict.com