French Presidential Election: Macron is short odds-on after first round of voting

France looks to have moved for Macron
France looks to have moved for Macron

Emmanuel Macron topped the vote in the first round of the French Presidential election and is now a huge odds-on favourite on Betfair Exchange

Key Facts from the Betfair Exchange
• Emmanuel Macron clear favourite following the result of the first round of voting for the French Election, trading at odds of 1.132/15 having touched 44.043/1 last year
• Marine Le Pen trading at 8.27/1, however 57% of bets today have been on the National Front leader
• £16.3m now matched on Next President market, £360k matched today with £2.3 million on polling day yesterday
• In total on the market 40% of volume has been on Macron, 30% on Le Pen. Both on around 19% of bets
• Of the candidates now eliminated, Fillon had been matched at 1.42/5, Juppe 1.454/9 and Melenchon 7.06/1
• Biggest winner on the 1st round market won £42k for Macron's triumph
• £1.4 million was traded on that market yesterday, with almost £2million in total

Current Largest Bet
• £15k on Macron at 1.171/6 - placed last night at 8.45pm

Betfair Spokesperson Katie Baylis says: "Emmanuel Macron is now clear favourite to become French President when the final vote is taken on May 7th, with odds of 1.132/15 (88% chance of being elected).

"Since Sunday, about 75% of volume has been on Macron, but only about 33% of bets. In fact, 57% of all bets today have been on Le Pen and as we've seen with Brexit and the US Election, nothing can be taken for granted, despite all signs pointing towards a Macron victory at this stage."

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