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All bets on: how to read bookie odds on a UK election
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11-13 20:55 - 'Bookies hold Biden payouts in long odds of a Trump election win' (independent.co.uk) by /u/cafarelli removed from /r/politics within 9-19min
Trump's odds of winning in November hit an all time low today.
Trump was favored to win in 2020 according to European oddsmakers (the ones who actually lose money if they are wrong) until late May when his odds started to shift, ultimately pushing him to second-favorite behind Biden. Today, Trump see the worst odds this election cycle. To help those not familiar with betting odds, here's the implied probability based on the odds. Implied Probability based on today's odds: Joe Biden 60%; Donald Trump 41.7% Implied Probability based on odds from May 19th: Joe Biden 41.7%; Donald Trump 57.3% Source: Trump Hits New Low: Presidential Election Odds Daily Tracker TL;DR Biden is now a heavy favorite to win according to oddsmakers in the UK.
01:33am: Lab 22 ¦ Con 10 ¦ SNP 1 ¦ LD 0 ¦ Green 0 ¦ Turnout 65.4% ¦ GBPUSD 1.2700 01:50am: Lab 28 ¦ Con 15 ¦ SNP 2 ¦ LD 0 ¦ Green 0 ¦ Turnout 65.4% ¦ GBPUSD 1.2721 02:02am: Lab 40 ¦ Con 25 ¦ SNP 5 ¦ LD 0 ¦ Green 0 ¦ Turnout 66.3% ¦ GBPUSD 1.2735
Far as I can tell by observing the shift in number of votes by constituency, UKIP voters are splitting 50/50 between torys and labour. However, Labour is also getting the benefit of SNP voters flipping to labour while the lib dems are flat so far
03:01am: Lab 129 ¦ Con 106 ¦ SNP 17 ¦ LD 2 ¦ Green 0 ¦ Turnout 67.6% ¦ GBPUSD 1.2791
so far the tory's have lost 4 seats. Labour have won 12 and SNP have lost 8
03:20am: Lab 155 ¦ Con 139 ¦ SNP 24 ¦ LD 3 ¦ Green 0 ¦ Turnout 67.7% ¦ GBPUSD 1.2758
03:33am: Lab 177 ¦ Con 164 ¦ SNP 25 ¦ LD 6 ¦ Green 0 ¦ Turnout 67.9% ¦ GBPUSD 1.2760 04:15am: Lab 229 ¦ Con 222 ¦ SNP 32 ¦ LD 10 ¦ Green 0 ¦ Turnout 68.3% ¦ GBPUSD 1.2748
now it gets interesting. Labour are projected to get a max of 266 seats, let's see if they shoot past that mark
04:37am: Lab 238 ¦ Con 263 ¦ SNP 33 ¦ LD 10 ¦ Green 0 ¦ Turnout 68.4% ¦ GBPUSD 1.2768 04:37am: Lab 245 ¦ Con 285 ¦ SNP 33 ¦ LD 10 ¦ Green 0 ¦ Turnout 68.5% ¦ GBPUSD 1.2757 04:37am: Lab 250 ¦ Con 290 ¦ SNP 34 ¦ LD 11 ¦ Green 0 ¦ Turnout 68.6% ¦ GBPUSD 1.2752
I counted 5 recounts underway in the south-west region. All were tory ridings and in all cases it's the tory's who seem to have demanded the recount. Also, it seems safe to say that turnout will end up higher than in 2015. We are already 2% above the 2015 level of 66%
05:15am: Lab 251 ¦ Con 294 ¦ SNP 34 ¦ LD 11 ¦ Green 0 ¦ Turnout 68.6% ¦ GBPUSD 1.2751
39 seats remain to be called. Tory's need 32 to have a majority in the Commons and 20 to match the exit poll. Labour needs 15 to match the exit poll. SNP, despite having lost a few seats, has still won the majority in Scotland. Nicola Sturgeon already put out a salvo for coalitioin with Labour if they are in a position to form a coalition
05:42am: Lab 256 ¦ Con 302 ¦ SNP 34 ¦ LD 12 ¦ Green 0 ¦ Turnout 68.6% ¦ GBPUSD 1.2754
apparently Fife North East is on its 3rd recount with the difference being as close as 1 vote!
05:55am: Lab 257 ¦ Con 309 ¦ SNP 34 ¦ LD 12 ¦ Green 0 ¦ Turnout 68.6% ¦ GBPUSD 1.2770
a tory majority is still a possibility but only a theoretical one. Some of the remaining seats are snp/libdem/labour strong holds Finally tally is in and we have a hung parliament. The maths is not in favour of a Labour coalition and given the politics at play it seems unlikely the Tory's will manage to cobble together one. What happens now is the horse trading we all so love and admire about Westminster. I expect to see at least one person toss their tea.
CMV: The betting markets are better source of prediction about up coming current affairs events than news media.
I consider just looking to see what the betting markets say will happen on an issue to be a far more reliable than reading the news, or following a pundit, no matter how "honest" you think they are. To define "what the betting markets say will happen", I mean the implied probability of the market price on the betting markets. So if you're looking at the "X will beat Y" market, and it's 10/5, the betting markets says X wins 33% of the time. Of course, they're building in a little profit there, so it's off, and sometimes bookies want to balance their books so offer very unfavorable prices. But they never (excluding sign up deals, and so on, but I'm not talking about that) offer a bet that doesn't show a positive expectation in their estimation. I also look at the inverse of the bet to see if there's space between them, and there always is, but not on a scale that matters. "Y beats X" might be at 62%, and "X beats Y" might be at 33%, and that leaves a little gap, but that's good enough for me - I can walk around thinking "About 2/3rds of the time". But why trust the betting markets? Because they come to that price after an enormous amount of deliberation, because there's actual money on the line. Not only that, but the very existence of a bookmaker with a long history shows that they're actually profitably deliberating. They have two pressures on them. "Make sure it's profitable for us", and "Make sure it's more favorable than our competitors". Those two pressures in opposite directions squash the market price towards professional bookmaker's best guess, with just a little slither of profit for them on top. So why do I consider that better than the newsmakers best guess? Because they're doing none of those things, and barely experience the "get it right" pressure that bookies do. Sure, it's better to be right than wrong, but barely if you're a pundit. If you're just wrong again and again, that's going to catch up a bit, but really, nobody is paying that much attention. Getting it wrong for a pundit comes with maybe some ridicule on twitter, whereas getting it wrong for bookmakers means potentially millions of instant real money loses. Their financial incentive is to get people through the door today. That means that they'll report an election which is pretty much already settled as "really close", and so on. Also, the bookmakers express a probability, whereas the newsmakers express things broadly in three settings. "This ain't happening", "this might happen", or "This is totally happening". That's just not really accurate enough, or nuanced enough. A 1% chance is nothing like a 15% chance, but both of them tend to get reported as "Ain't happening". Caveats:
Obviously this only applies when there's at least a market for the bet. I don't mean "in general". I just mean on issues that the markets are covering.
This only applies when there's a competitive market for the bet. If there's just one bookmaker, all you can say is that it's "less likely than their odds imply", at most.
Americans have different ways of expressing odds to the UK where I'm at. You do this whole +400 thing, and I don't really know what it means. 2/1 means 33%. It means you put up a dollar, and if you win, they give you 3 total (which includes your returned stake).
Obviously the betting markets are "just looking at the news" at root, but I'm talking about doing that as an end retail user of news, even one who does deep dives. The way they "look at the news" is to have insiders, experts, and computer algorithms. A lot more than just me gutting out the BBC News website.
By "news media" and so on, I'm conglomerating them in to a body, like I am with "betting markets" vs "bookmakers". You might know the one guy who's always right, but I don't, so he doesn't work for me, and I just have to read all the papers.
Communists leave Government The Communist Party is set to leave the Government, with the Greens, Labour and Socialist Party carrying on as a minority administration. The decision, taken by vote, was thought to have been triggered after the election of the Communist's 4th Leader since entering Government, OKELEUK. The events of the last few days mark another low point for a party that has experienced many of them. Since entering the MHOC, the Communist Party has had the lowest turnout, the most amount of leaders and the worst attendance at debates of any of the existing parties. In Government the Communist Party struggled to turn up and vote, costing the Government defeats on several occasions. For the remaining parties within the Coalition there seems to be little will to call an early election, despite the temptation of some to exploit the communists current weakness. However, it remains to be seen what the Government can achieve in its final months in office given the relative polarisation between its own position and that of the oppositions. Government Abolishes Zero-Hour Contracts The Government has successfully fulfilled one of its key manifesto pledges, and abolished Zero-Hour Contracts. In the recovery after the great recession their was a large rise in the use of Zero-Hour contracts. While some argued that such contracts gave workers flexibility, others argued they left them open to exploitation. On a 98% turnout the Government won the vote by just 1, with one abstention and two DNV's. Government Says NO To New Runway The Government released its official response to the recommendations of the Airport Commission, with the Transport Secretary peter199 stating that the Government would not be building any new runways in the South East in line with its commitment to creating a 'sustainable future'. The oppositions response was led by the furious Earl of Liverpool demon4372 who criticised the 'ideologically obsession' of the Transport Secretary stating that the decision would 'cost jobs, growth and...our position in the world as a leader in air travel'. Education Secretary Looks to Nationalise Examination Board System The Education Secretary theyeatthepoo has laid out his plans to nationalise the examination board system in the second reading of the Exam Reform Bill. The Bill seeks to establish a new National Examination Board of England (N.E.B.E) that will be funded by taxpayers and take responsibility for all Secondary School and Sixth Form exams across England. So far the house seems to have broadly welcomed the move, although many Liberal Democrats objected to the proposed presence of Teacher Union representatives on the board of N.E.B.E. Tim-Sanchez, MP for the East of England stated that whilst he believed a unified exam board is a 'solid idea, unions on the council do make me uncomfortable.' Government To try and abolish Trident On Friday the Government puts the 'Nuclear Weapon Restriction Bill' before parliament in an attempt to scrap Trident. This will be the first time the issue has been discussed since a motion was put before the house under the Conservative government of olliesimmonds. That motion produced the first and only tie that MHOC has seen, with the Speaker casting a deciding vote for the status quo on that occasion. The bill is an important part of the coalition's manifesto and could act as a point around which the left can rally after their recent traumas. However, in order to pass the bill the Government will need to rely on the Communists turning out to vote and given the state the party currently finds itself in that is anything but certain. Government proposes possible [Redacted] on [Redacted] [Story Redacted] Conservatives Propose [Redacted] [Story Redacted] Conservatives Electing New Deputy Leader The Conservative Party Deputy Leadership election is currently under way, with the results expected Tuesday evening. The two candidates are TheQuipton and jamman35, with the former the bookies favourite to win. Two Former Prime Ministers move to Lords With the opening of the other place, almost all parties have elected (or appointed) lords and new MPs. Many notable names have moved to the upper house with perhaps the most notable being former Conservative Prime Minister olliesimmonds and Former Labour Prime Minister athanaton who looks set to become Lord Speaker. Look out for...
Two Government bills will be presented this week, the 'Manipulated Images Bill' on Wednesday and the 'Nuclear Weapon Restriction Bill' on Friday.
Three Liberal Democrat Bills will go to their first reading between now and the end of the month, with the 'Secularisation Bill' the most noteworthy.
The Communists have rather oddly proposed a motion to 'put the budget to a vote in the House of Commons'. This will be debated on Thursday.
The First PMQ's since the Communist left Government will happen this week.
Questions for the Work & Pensions Secretary albertdock are also due this week.
British bookies: Odds are Trump won't finish his term
This is an automatic summary, original reduced by 44%.
British gamblers believe U.S. President Donald Trump is now more likely to leave office before the end of his first term than not, British bookmakers said on Wednesday, after a week of tumult at the White House. On UK betting markets, the odds on Trump failing to see out his four-year term dropped to 5/6 from evens on Betfair, implying a 55 percent chance that he will leave. Betfair was also offering odds of 12/5 percent that Trump would leave office this year, implying a 27 percent chance that he would depart. Fellow bookmaker Ladbrokes said its odds on the president leaving office via impeachment or resignation before the end of his first term had also shortened in the last week to 4/5 after a flurry of bets. 'Barely a day goes by without a Trump scandal, but money talks, and punters are becoming increasingly convinced the president could be impeached sooner rather than later,' Bridge said. UK political betting markets have exploded in recent years, with millions wagered last year ahead of surprising results of Britain's referendum on European Union membership and Trump's election which was the most bet-upon political event ever.
Boris Johnson as new U.K. prime minister? Bookies are already increasing the odds
This is the best tl;dr I could make, original reduced by 34%. (I'm a bot)
After the disappointing showing for the Conservative Party in the U.K. exit poll, bookies are already raising the chances that the flamboyant foreign secretary will emerge as the next British leader after the general election. Irish bookmaker Paddy Power puts his odds for taking over parliament at 7/1, implying a 13% chance he'll replace Theresa May. Before the shocking exit poll Thursday night, his odds were at a longshot 50/1. In the bet on who will become the next Conservative leader after May, Johnson stands at 2/1, or a 33% probability. "As the nation scrambles to come to terms with the exit polls tonight, Paddy Power have priced up who will succeed Theresa May as Conservative Leader. With May under pressure as a result of the potentially disastrous figures hinted at by the exit poll, Boris Johnson is in prime position to follow her," a spokesperson from Paddy Power said in a note. The new odds come after the poll published immediately after the voting stations closed showed the Tories are at risk of losing their parliamentary majority, winning a predicted 314 seats. May essentially called the election to increase her party's advantage in parliament, but with the gamble looking likely to have failed there are already calls for the prime minister to resign. Former Conservative chancellor George Osborne said on ITV the prime minister could have to resign if the poll is accurate.
Summary Source | FAQ | Feedback | Topkeywords: poll#1Conservative#2parliament#3lead#4exit#5 Post found in /worldnews. NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
Jeremy Corbyn Is Leading the Left Out of the Wilderness and Toward Power
Jeremy Corbyn Is Leading the Left Out of the Wilderness and Toward Power by Mehdi Hasan via The Intercept URL: http://ift.tt/2r81w5o Thank you, Jeremy Corbyn. It is no exaggeration to say that the British Labour Party leader has changed progressive politics in the UK, and perhaps the wider West too, for a generation. The bearded, 68-year-old, self-declared socialist has proved that an unashamedly, unabashedly, unapologetically left-wing offer is not the politics of the impossible but, rather, a politics of the very much possible. Last Thursday’s election result in the UK is a ringing confirmation that stirring idealism need not be sacrificed at the altar of political pragmatism. In these dark, depressing times of Trump and Brexit, of the fallout from the Great Recession and the rise of the far right, Corbyn has reminded us that a politics of hope can go toe to toe with a politics of fear. Millions of people will turn out to vote for a leader who preaches optimism over pessimism, who offers inspiration instead of enervation. Corbyn has proved that the much-maligned young can be a force for change. Younger voters are not lazy, indifferent or apathetic, as the conventional wisdom goes, but will in fact come out in their droves for a leader who motivates and excites them; who gives them not just something to vote for — be it a scrapping of tuition fees or a higher minimum wage or a new house-building program — but something to believe in. A common struggle, a better future, a more equal society. Because something always beats nothing. Corbyn has showed how it is possible for progressives to build a coalition between the young, people of color and cosmopolitan liberals on the one hand and, yes, those dreaded white working class communities on the other. It is a fiction to claim that leaders on the left must choose between them, or play one marginalized group off against another. White ex-UKIP voters in the north of the country returned to Labor last week in their hundreds of thousands. So socialists and social democrats no longer need be on the defensive. Yes, mainstream center-left parties may have been crushed in recent European elections — think of France or the Netherlands. However, Corbyn — who spent 32 years toiling in obscurity on the backbenches before becoming leader of his party in a shock victory in 2015 — has now a paved a road out of the wilderness. To be clear: the Labour Party did not win the the UK’s general election. Theresa May’s Conservatives secured more votes and more seats. Yet it is difficult to overstate — as even Corbyn’s biggest critics have now conceded — the sheer size of his electoral achievement. Labour’s 40% share of the national vote is its highest since 1970, with the exception of Tony Blair’s two landslide wins in 1997 and 2001. Last Thursday’s election also saw the the biggest increase in vote share for Labour — nearly 10% — since the party’s post-war blowout in 1945 under iconic leader Clement Attlee. All of this despite Corbyn having begun the campaign more than 20 percentage points behind the Conservatives; having been written off by politicians and pundits from across the spectrum and relentlessly undermined by members of his own parliamentary party; and having endured an unprecedented campaign of demonization by the right-wing press. Corbyn, lest we forget, was smeared as a terrorist sympathizer; ridiculed for forgetting the details of various policies; dismissed as a crank and an eccentric. “To take Labour’s prospects seriously under Corbyn was to abandon being taken seriously yourself,” wrote the Guardian’s Gary Younge on the eve of the election. “The political class imparted as much to the media class, and the media class duly printed and broadcast it… The wisdom was distributed to all who mattered. Those who did not receive it did not, by definition, matter.” On Thursday, they proved once and for all that they mattered. And the quiet, unassuming Corbyn proved that he was indeed a serious and viable candidate for the highest office in the land — one analysis found that a mere 2,227 votes, in seven swing seats, blocked him from becoming prime minister at the head of a “progressive” coalition of Labour and the other smaller parties in parliament. As former critics of his now help themselves to bigger and bigger slices of humble pie, the Labour leader may want to consider borrowing George W. Bush’s famous malaproprism: “They misunderestimated me.” To be honest, I “misunderestimated” him as well. Full disclosure: I know Corbyn personally and share many of his political positions. I have never doubted his integrity or his honesty. Yet even I did not expect he would win 40% of the vote or prevent May from winning a majority in parliament. I did not imagine that Labour would win seats such as Canterbury, held by the Conservatives for the past 99 years, or Kensington and Chelsea, the UK’s richest constituency and home of the Daily Mail. I would not let myself believe, as many others on the left did, that a Corbyn premiership was a very real and live possibility, rather than a mad fantasy, a progressive delusion. I was wrong. Completely, utterly, hopelessly wrong … but never have I been happier to be wrong. Perhaps I should have paid more attention. The much-mocked Corbyn had a very clear plan from the very beginning. “The politics of hope are not an inevitable reaction when politics fails,” he declared in a speech at the London School of Economics in May 2016. “The politics of hope have to be rebuilt.”? ?Rebuilding, the Labour leader explained, required three things. First, “a vision to inspire people that politics has the power to make a positive difference to their lives.” Second, “trust – that people believe both that we can and that we will change things for the better.” Third, “the involvement and engagement of people to make the first two possible.” Vermont Sen. Bernie Sanders speaks during a campaign rally on Feb. 14, 2016 in Las Vegas. Photo: Ethan MilleGetty Images Corbyn, like Bernie Sanders before him, succeeded on all three fronts. He mobilized huge numbers of people to get organized, attend rallies, knock on doors. He upended the old political and economic orthodoxies, refusing to embrace austerity, or demonize immigrants, or push for foreign wars. And guess what? It turns out that you don’t have to triangulate to win 40% of the vote. Nor do you have to kowtow to the reactionary and illiberal agendas of the Mail or the Murdoch-owned press to win marginal seats in Middle England. Neither Corbyn nor Sanders won their elections. But they came so close. Give them a bit more time. “One more heave” is no longer a political pejorative. With parliament hung, and Theresa May under fire from her own party, the next UK election could be held in a matter of months. The bookies have slashed Corbyn’s odds on becoming the next UK prime minister and a new post-election poll shows the Labour leader is now tied with his Conservative counterpart on the question of who would make the best prime minister. After last week’s shock results, what were once Conservative safe seats are now marginals and what were once Labour marginals are now safe seats. Here in the United States, meanwhile, the Corbyn-esque Sanders has become the most popular politician in the country and would probably win the 2020 Democratic presidential nomination by a landslide if the contest were to be held tomorrow. Some polls also suggest he might have defeated Trump last November, too. So: President Sanders? Prime Minister Corbyn? What were once progressive fantasies are now potential realities. The left may have finally awoken from its slumber — and, therefore, the attacks from the right will only escalate. But what was it Gandhi is said to have remarked? “First they ignore you, then they laugh at you, then they fight you, then you win.”
Title: Election Odds Calculation for 5/5/2016 Polling was not always the primary measure of elections. Before the late 1940s, it was gambling and odds, but now betting on the US elections is illegal. However, it's not illegal for UK residents as Ladbrokes (Large UK gambling center) boss Michael Shaddick frequently explains as an expert. I am not sure if anyone has posted the odds lately, So I thought for fun(*), I would post the weekly odds on the Presidental Election and then calculate (convert) so their easier to understand: Edit: Apparently Abc and New York Post stole my thunder while I was typing this. Of course, the numbers changed (see 1). ;) TLDR: AT 5/4/2016 10:14 AM UTC Hillary is up +46.43% points to Donald Trump in odds. But, these are odds not poll numbers. Title: Current Odds for Winner of the US Election Subtitle: Assuming minimum overrounding (honestly don't know bookies usually use) While these calculations are factual, don't place your bets because its illegal to do so if your a US citizen The odds May 5th 2016 (Current? on ladbrokes.com)
Person
Fraction
Prob %
US Odds (£)
Hillary Clinton
1/3
75.00%
-300.03
Donald Trump
5/2
28.57%
+250.00
Bernie Sanders
40/1
02.44%
+4000
Joe Biden
80/1
01.23%
+8000
Min Overrounding
---
04.46%
---
The odds May 4th 2016 (on ladbrokes.com)
Person
Fraction
Prob %
US Odds (£)
Hillary Clinton
4/11
73.34%
-275.03
Donald Trump
9/4
30.77%
+225
Bernie Sanders
40/1
02.44%
+4000
Joe Biden
80/1
01.23%
+8000
Min. Overrounding
---
01.07%
---
The odds August 2015 (using NPR on Aug 26, 2015)
Person
Fraction
Prob. %
US Odds (£)
Hillary Clinton
34/87
71.90%
-255.89
Jeb Bush
7/2
22.22%
+350
Donald Trump
16/1
05.88%
+1600
References: Ladbrokes Odds for US electorial process Footnotes: 1) These not poll numbers or poll number probabilities. These are odds. Typically the odds on display do not represent the true chances (as measured and calculated by the bookmaker) that the event will or will not occur, but are the amount that the bookmaker will pay out on a winning bet, together with the required stake. In another article, NPR about how modern policial odds a WAY less precise than polling because of how fast odds can flucuate. Plus, its illegal for US voter to place a bet on the electon. So don't place your bets 2) These odds aren't up for discussion or opinion (WYSIWYG) because their values are a face value fact. But, I encourage you to share any other booking odds you find or comment about them. If in fact you find other valid booking odds, I may edit this post to include them. :) 3) How I am calculating [overrounding]()? Literally adding up all the numbers and subtracting by 100. Its a natural part of odds because odds fluctuate as people bet and candidates also drop out of the race. Think of it as error, 4) Why am I doing this? I was inspired by an old article on NPR did in August and later Guardian on Oct 31st with the president of Ladbrokes (the largest betting site in the UK). So for fun, I decide let's calculate it. It's not like the odds are technically more accurate then other measures (ex. NPR talks about how modern odds a WAY less precise because of how fast odds flucuate)
View the latest odds on Politics Matches & Bet with Sportsbet. Join Australia's Favourite Online Betting and Entertainment Website. Betting on the outright winner of the election is not your only option. You can also place a wager on what the election turnout will be. This is one of the most heated issues in recent British political history, so the turnout is expected to be fairly high. Right now, the only UK bookmakers offering odds on election turnout is Betfred. Here are UK - Next General Election Outrights Betting & Odds What will be the outcome of the UK - Next General Election?! Get a bet on with Paddy! Check out the odds on our UK - Next General Election - Government after Next Election (First New Cabinet) page, and show your politics knowledge. Bookies.com is the one-stop-shop for all election betting odds, news & more! Account. ... Odds via UK bookmaker Ladbrokes and subject to change. ... and also view odds on Bookies.com to see how those endorsements are calculated into 2024 presidential betting. Polling Data. Moreover bookies traditionally adjust their odds based on the amount of cash being placed on a given outcome rather than the number of individual bets, meaning that one big bet can cancel out the ... Compare politics odds from top bookies below, including the main general election betting markets and votes from both the UK and USA. Direct Links To Election Betting Odds Comparison Tables: Next Prime Minister Odds, Next Tory Leader, Next Labour Leader, Next Lib Dem Leader and Next USA President betting odds.. Next UK Prime Minister Betting Odds The bookies have started to look beyond ‘career politicians’ and to those who might follow the indirect lead of Trump to become the most powerful person in the world. Therefore, from those outside presidential election odds options we have the founder of Facebook Mark Zuckerberg who is on offer at a top price of 25/1 with Ladbrokes and BetFred. All bets on: how to read bookie odds on a UK election. ... Moreover bookies traditionally adjust their odds based on the amount of cash being placed on a given outcome rather than the number of individual bets, meaning that one big bet can cancel out the effect of many smaller wagers. It's General Election time in the United Kingdom. After a tumultuous few years with Brexit dominating the headlines, how will it all work out? Rory Jiwani takes a look at the best bets to get stuck into over the next few weeks. UK general election odds for the next vote, expected in 2019. Which party will win the most seats? View all election betting markets here!