Paddy Power - Brown and Out
5th June, 2009
Online betting site, Paddy Power are holding bets on when the next General Election will be held, as Gordon Brown and his Labour government try to cope with increased pressure from the public.
Recent council elections have seen victories for both the Liberals and Tories, and many are calling for a general election. Paddy Power have a long tradition of being at the forefront of novelty betting, allowing their users to place money on anything ranging from sporting events to the outcomes of TV Shows.
There recent Brown and Out market allows Paddy Power's online users to place money on when they think the next general election will be held.
Politicians and the public are pushing for an election in August this year, and this outcome is priced at a decent 6/1. If the expenses scandal, lack of confidence in the leadership and economic uncertainty continues, pressure will continue to mount on the current Labour government.
With several high profile MP's quitting this week, it's been an extremely tough week for Gordon Brown. It's most likely an election will take place around April 2010, and this is priced at 4/1. October this year is also an option priced at 5/1.
By Jamie
