Based on current polls the betting markets are understating Labour’s chances of an overall majority
A hung parliament should not be favourite Betfair’s next general election overall majority market was set up a couple of months after May 2010 and in the early period the price on a CON majority soared to 40%+. Then it went into a decline and in the aftermath of Osborne’s March 2012 budget dropped to a 16% chance. In the summer of 2013 when all the pressure appeared to be on EdM and 3 polls reported that the parties were…