Bookmaker Coral has cut the odds on there being a hung parliament following next month’s General Election to 1-8 (from 1-6), while the odds on Ed Miliband becoming the next Prime Minister have shortened to evens (from 5-4), although David Cameron remains favourite, at 4-5, to remain in number 10 post-election.
“Political punters are now willing to back a hung parliament at extremely short odds, while in racing terms, the race to number 10 looks increasingly likely to go down to a photo-finish,” said Coral’s David Stevens.
Coral UK election market breakdown:-
Prime Minister on June 1st
- 4-5 David Cameron,
- Evens Ed Miliband,
- 22-1 Any other person
To win most seats
- 4-7 Conservatives,
- 11-8 Labour,
- 100-1 UKIP,
- 500-1 Liberal Democrats,
- 1000-1 Green Party
To win an overall majority
- 1-8 No party,
- 13-2 Conservatives,
- 12-1 Labour,
- 250-1 UKIP,
- 1000-1 Liberal Democrats
Make up of next government
- 2-1 Coalition involving Liberal Democrats,
- 13-2 Coalition involving the SNP,
- 14-1 Coalition involving UKIP,
- 16-1 Coalition involving the Greens
Two elections in 2015
- 11-4 Yes,
- 1-4 No
