Punters flee Labour and back the Tories

The above chart shows how punters on the Betfair betting exchange are rating the chances of Labour and the Tories wininng most seats at the next General Election. It is based over time on nthe implied probability based on the best betting price.

The current price is evens on Labour and 1.04/1 on the Tories – so a bet on both would bring you certain returns although you might have to wait for four years.

As the chart shows today is the closest the two parties have got since the 2005 General Election almost exactly a year ago today.

Mike Smithson