Tories heading for 124 seat majority according to spread betting markets

Tories heading for 124 seat majority according to spread betting markets

With the campaign starting to get underway again it is perhaps worth reminding ourselves that we have a dearth of up to date polling. There’ve only three national surveys that were carried out after the CON manifesto launch last week. These have been ICM and the Survation online poll for the Mail on Sunday and the phone one for Good Morning Britain.

We’ve also had the YouGov Wales poll which had LAB with a bigger margin over CON than EdM’s party achieved at GE2015. The YouGov S Times poll was only partly carried out after the manifesto launch with the later dementia tax narrative.

Latest CON seats spreads SportingIndex 383-390 Spreadex 383-389

Latest LAB spreads both SportingIndex and Spreadex 172-178

Latest LD spreads both SportingIndex 14-17 and Spreadex 13.5-16.5

The latest spread betting markets suggest that the Tories are heading for a 124 seat majority – a bit down on its peak but still incredibly comfortable.

The spread betting market are where the serious punters with deep pockets generally do their gambling. Party seat numbers are traded like stocks and shares with the top figure being being the buy price and the bottom one the sell price.

Hopefully we’ll see some new polls fairly soon – maybe overnight. My guess is that the Tories will benefit from the inevitable huge media presence that Mrs. May had during the campaign suspension. She wasn’t party politicking but this should help the blue causes.

The suspension has, though, rather thwarted the Tory plans try to “remind” us of some of Mr. Corbyn’s historical links.

Mike Smithson

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