Labour make up ground on Brexit Party in Peterborough

The Labour Party is making up ground in the Peterborough by-election with odds on Lisa Forbes to win plummeting from 7/1 to 5/1 today.

Fifteen candidates are facing voters at the ballot box on Thursday in a contest that will have wide political ramifications.

The election of a new MP came about after local people effectively sacked their former Member of Parliament, Fiona Onasanya in a recall petition.

Labour won a 48 per cent share of the vote in the last election, taking over from the Conservatives by whisker.

Nigel Farage’s Brexit party are odds-on to win this year, with Mike Greene priced at 1/6.

But according to Betway’s Alan Alger, things may not be as clear cut as they seem.

He said: “Though many are expecting to see the Brexit Party pick up their first seat in Parliament in tomorrow’s Peterborough by-election, the 7/1 for Labour to spoil Nigel Farage’s party has been readily snapped up this morning.

“Labour are now just 5/1 to bounce back from a poor result in the European Elections and retain their seat in the Commons after Fiona Onasanya’s removal, while the Liberal Democrats are 25/1 to cause a shock in the leave-voting constituency.

“It would still be a surprise if the Brexit Party failed to win the vote in Peterborough at just 1/6, but punters aren’t getting too excited at that price and the recent interest in Labour suggests they’re in with more than a sniff.”

Peterborough By-Election:

Brexit Party

1/6

Labour

5/1

Liberal Democrats

25/1

Conservatives

40/1

Green

100/1

2 Responses

  1. Really?

    Seriously because you think that because a few political punters are covering their betting positions on the by election tomorrow is indicative of a comeback is really desperate. All the reporting from Peterboro suggests the opposite

    The fact is the only possible value in that betting market is Labour given the BXP are heavy odds-on favourites and all the rest are nowhere.

    If someone fancies a bet for the sake of having a bet its got to be on Labour. Only if the BXP price began to weaken and the Labour Party came into evens or better would there be a any real indications of a comeback. Otherwise the movement is minimal in what seems a fairly stagnant market (those prices have been the same for a number of days)

    As for the Betway guy of course thats what he is going to say simply because he wants punters money and as I said before the only value is Labour.

    Its basically fake news

  2. Delusions - R - Us

    Bookies in Peterboro have stopped taking bets on the Brexit Party (hat-tip Yahoo). So much for Labour closing in….

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