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.

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.

Subscribe to MoneyWeek

Become a smarter, better informed investor with MoneyWeek.

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.



Spread betting

Build profits with this industrial equipment rentals company

United Rentals is poised to benefit from higher spending on infrastructure. Matthew Partridge explains the best way to play it.
26 Feb 2020
Spread betting

Boeing's share price plummets: here's how to play it

Boeing shares have fallen by a third this year. But there could be worse to come. Matthew Partridge explains how traders should play it
10 Feb 2020
Share tips

How my 2019 spreadbetting tips fared

Matthew Partridge reviews performance of his 2019 spreadbetting tips. This year’s winners include Bellway, JD Sports and Taylor Wimpey.
17 Dec 2019
Spread betting

DS Smith will deliver: here's how to play the share price

Packaging group DS Smith is profiting from the online retail boom. Matthew Partridge explains how traders can play the share price.
3 Dec 2019

Most Popular


Three things matter for the UK housing market now – and “location” isn’t one of them

The UK housing market is frozen. And when it does eventually thaw out, the traditional factors that drive prices will no longer apply. The day of reck…
1 Apr 2020

What does the coronavirus crisis mean for UK house prices?

With the whole country in lockdown, the UK property market is closed for business. John Stepek looks at what that means for UK house prices, housebuil…
27 Mar 2020

Has the stockmarket hit rock bottom yet?

The world's stockmarkets continue on their wild and disorientating rollercoaster ride. Investors are still gripped by fear. So, asks John Stepek, have…
2 Apr 2020
Small business

Furlough: what does it mean and how does it affect me?

Many companies have “furloughed” employees after they have shut down because of the coronavirus. But what does furlough mean and how does the scheme w…
30 Mar 2020