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Bookmakers believe 2019 election is now inevitable

September 5th, 2019 Home, News & Events, Politics, Press Release

As new Prime Minister Boris Johnson continues to battle for Brexit – Bookmakers are convinced that we will see a General Election in 2019.

Johnson himself is looking to call a General Election after parliament moved to block any thoughts he had of pushing through a no-deal Brexit, if a new deal to leave the European Union could not be agreed.

After having a no-deal taken off the table, Johnson has insisted that he no intention of asking the EU for an extension – thus he is now trying to force a snap General Election, but Labour and their leader Jeremy Corbyn have backed away from that idea.

But Bookmakers are as short as 1/16 that we will see a General Election in 2019 – that is a probability of 94% and who would the winner be? Despite his struggles, Mr Johnson remains odds-on to win any election at 1/3.

In terms of Brexit – he does look set to miss his deadline of October 31 – with it 4/11 that the United Kingdom remain in the EU after that date.

So what next? The next big date is on Monday when MPs will get another chance to vote on his plans for an early election, and it could be a very close call with Bookmakers making it 5/4 that the Goverment win the vote.

OddsMonkey spokesman Peter Watton commented: “Week on week, British Politics keeps on giving when it comes to betting, now we are talking about an odds-on general election, whilst Brexit in October is not looking likely – having been odds on.

“The fact we are now at 94% probability for a General Election, means Bookmakers are that convinced it is happening it is likely they will close the markets on that in the coming weeks.

“And as for Boris, he seemingly still has the popularity around the country with the public – hence he is 1/3 to win any election that comes, likely this year.”

Selected odds:

General Election date?
2019 – 1/16
2020 – 8/1
2021 – 50/1
2022 or later – 33/1

Month of next General Election
October 2019 – 10/11
November 2019 – 6/4
December 2019 – 10/1
2020 or later – 8/1

General Election result
Boris Johnson to still be PM after next election – 1/3

No Overall Majority – 8/13
Conservatives Majority – 13/8
Conservatives Minority – 5/2
Labour Minority – 9/2
Labour Majority – 9/1
Conservative/Brexit Coalition – 12/1
Labour/SNP Coalition – 16/1
Labour/Liberal Democrat Coalition – 16/1
Labour/Liberal Democrat/SNP Coalition – 20/1
Conservative/Liberal Democrat Coalition – 33/1
Conservative/Labour coalition – 40/1
Brexit Party Majority 100/1

*Odds correct at time of writing

Spokesman Peter Watton is available for further comment or one-on-one interviews on this subject or anything connected with a betting market – for more information please contact press@oddsmonkey.com 

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