Advertisement

Betting on politics: some safe Labour bets

Matthew Partridge outlines a few flutters on what should be safe Labour seats in the general election.

Karen Buck, Labour MP for Westminster North

With the general election taking place on Thursday 12 December, I think you should bet on Labour to retain Edinburgh South at 2/7 (78%) with Bet365. While Labour is set to do badly in Scotland, the SNP is unlikely to overturn a majority of 15,514 in a pro-union constituency. I also think you should bet on Labour to retain Birmingham Egbaston at 4/9 (69.2%) with Bet365, especially as it would require a large Conservative swing in an area that narrowly voted to remain in the European Union.

Advertisement - Article continues below

While the Conservatives came within inches of ousting the then-MP Glenda Jackson in 2010, Hampstead and Kilburn is now a safe Labour seat. Given that the area voted heavily to remain in 2016, and the Liberal Democrats are going nowhere, the 1/4 (80%) with Bet365 on Labour looks very good value. Similarly, Westminster North, where Labour MP Karen Buck (pictured) has a majority of 11,512, is another London seat that Labour should retain, so you should take them at 1/6 (85.7%) with Bet365.

I'd also take Paddy Power's 1/5 (83.3%) on Labour to retain Bristol West. While the Lib Dems won this seat in 2005 and again in 2010, Labour's Thangam Debbonaire captured it in 2015, and then retained it two years later with a majority of more than 37,000 with the Lib Dems behind both the Greens and the Conservatives. Finally, I'd bet on Labour to win Leicester East at 2/9 (81.8%) with Bet365 as this is one of the safest seats in the country with a majority of 22,428.

Advertisement
Advertisement

Recommended

Short electric-truck maker Nikola, the Tesla wannabe
Spread betting

Short electric-truck maker Nikola, the Tesla wannabe

Nikola, the electric-lorry maker, has yet to produce any trucks – and the share price looks ripe for a fall.
29 Jun 2020
Trading: short this sickly looking health insurance broker
Trading

Trading: short this sickly looking health insurance broker

eHealth’s accounting seems too optimistic and regulators are circling, says Matthew Prtridge.
15 Jun 2020
Spread betting: five tips for would-be traders
Spread betting

Spread betting: five tips for would-be traders

Spread betting stocks can be tempting – but for many, it’s ruinous. Michael Taylor of Shifting Shares looks at how to avoid the pitfalls.
5 Jun 2020
Trading: Toast the rebound with Wetherspoon
Trading

Trading: Toast the rebound with Wetherspoon

Wetherspoon, the budget pub chain, is a disciplined and highly profitable operator whose shares now look reasonably priced.
2 Jun 2020

Most Popular

House price crash: UK property prices are falling – so where next?
Property

House price crash: UK property prices are falling – so where next?

With UK property prices falling for the first time in eight years, are we about to see a house price crash? John Stepek looks at what’s behind the sli…
2 Jul 2020
How “support” and “resistance” can help you spot trading opportunities
Sponsored

How “support” and “resistance” can help you spot trading opportunities

Technical analysis can help traders manage risk and decide where to enter and exit a trade. One simple form of technical analysis is the concept of “s…
6 Jul 2020
The end of the bond bull market and the return of inflation
Inflation

The end of the bond bull market and the return of inflation

Central bank stimulus, surging post-lockdown demand and the end of the 40-year bond bull market. It all points to inflation, says John Stepek. Here’s …
30 Jun 2020