[quote quote=130526]Odds are not usually based on what the bookmakers think is going to happen. They are based on the number of bets placed. They will start with a certain figure and amend the odds as they receive bets. They are not in the business to influence people they are in the business to make money.
I am not aware of what the starting figures were, but I would assume a lot more money has been placed on Conservative. Therefore the bookmakers are weighing the odds towards Labour as they want to encourage more people to put money on Labour. So whoever wins they are not hit too badly. For instance if they suddenly have many £1000’s being placed on Labour, they will lower the odds.
At the end of the day they need to balance their books and make a profit.
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But what odds would you have got on a Tory MP in Wrexham 30 years ago ?