Uncharted territory for the general election

The bookies are geared up for what looks set to be not only the biggest betting turnover for any election but also perhaps the most controversial.

Uncharted territory for the general election

With both main parties neck and neck as things stand, a hung parliament looks very much to be on the cards and with no overall control expected, the nature of the resultant coalition remains anyone's guess.

As such, it could take some time before any punters who have had a wager on the next government receives any winnings and if no party wins a majority, it will be up to the current Prime Minister to form a coalition or else resign prior to the first sitting of the new parliament on 18th May.

Nevertheless, other political parties can also hold talks concerning alliances as happened in the last election five years ago. Any new government needs to get parliament to pass the forthcoming Queen's speech prior to 27th May, however bookies' rules are far from clear as to whether or not their 'Next Government' markets would be settled following the announcement of a coalition or following the approval of the Queen's speech.

It took some five days before a coalition was agreed in the 2010 election and it remains extremely unclear as to what will happen this time around. We are entering scenarios which haven't occurred previously and there are some constitutional issues which will rear their heads once the votes have been counted.

The polls will open tomorrow, however don't expect any bets to be paid out anytime soon, it could get messy!


Most Seats betting odds

Conservatives - Bet365  1/5

Labour - Boylesports  9/2

UKIP - BetVictor  1000/1

Lib Dem - Bet365  2000/1


Next Government

Any Coalition with Lib Dems - Coral  5/4

Labour Minority - Bet365  2/1

Tory/Lib Dem coalition - Bet365  11/4

Conservative minority - Sky Bet  11/2

Labour/Lib Dem coalition - Betfred  8/1

Any Coalition with SNP - Sky Bet  10/1

Conservative majority - Bet365  10/1