LONDON, April 22, 2015 /PRNewswire/ --
Current Market Points to Labour Minority Government, Support for Lib Dems in Eastbourne
Matchbook.com, https://www.matchbook.com, the lowest commission betting exchange in the market, is excited to announce that they have a comprehensive set of UK General Election markets on the site. In addition, the site is offering a truly industry leading proposition of 0% commission on all May 2015 UK General Election Markets.
In addition to the amazing 0% offer, Matchbook.com will present all media and social media prices in the % format to make the workings of the betting exchange easier to understand for all.
For example: current betting markets show that there is a 64.539% (1.55) chance Conservatives will get the most seats and 36.321% (2.75) chance Labour will do the same. A Labour minority government is seen as a 38.461% (2.6) favourite, with a Conservative minority government available to back at 25.252% (3.96). The market between David Cameron and Ed Miliband to be next Prime Minister runs at roughly 50% (2.00) each with constant small swings! *
The biggest bet of recent hours has been £5000 on Liberal Democrat Stephen Lloyd to retain his seat of Eastbourne at 1.4 (a 71.4% chance) despite a fierce Conservative challenge.
For full markets see https://www.matchbook.com/ and go to the 'Politics' tab. To see the odds in terms of percentages change the setting in the top right corner 'Display Settings' and change to % odds.
Matchbook.com has appointed Warren Lush as its spokesman for the 2015 UK General Election and he said:
"The market seems to be pointing to a Labour minority government at the moment with Conservatives getting the most seats. All the talk of a Labour/SNP alliance seems to be reflected in the betting markets. That said, it is early days as a betting exchange event. With a betting exchange like Matchbook.com you will really see money talking as there will be customers on either side of the bets and no commission at all. It is great alternative to opinion polls in the search for how the campaigns are going."
"We estimate that the betting industry as a whole will turnover over £100 million on the upcoming UK General Election, a record amount. Back in September, Matchbook.com had a record day for any event while offering punters the chance to back and lay on the Scottish Referendum. The fact that the Scottish Referendum attracted more money than big football matches says something about the rise in popularity of political betting!"
All the latest news and requests for markets can be found and made through the twitter account @TeamMatchbook, that will see activity from Warren Lush, who has been a broadcaster on political betting since 2001 and is a former UK parliamentary aide. Due to the nature of its product, Matchbook.com will be adding markets as the campaign progresses and will also be betting in-running throughout the day of the election too.
Special election content including articles from pollster Keiran Pedley and others can be found at https://www.matchbook.com/lounge, while customers are invited to join the debate through twitter @MBookPolitics and on the site's forum https://www.matchbook.com/lounge/forum/
* Please note betting exchange prices are subject to constant fluctuation but these were the percentages when we went to press.
For more information contact
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Matchbook.com is a revolutionary sports betting exchange designed for the professional and savvy sports bettor. Matchbook has one main goal: to return the maximum amount of value to the punter.
Matchbook.com's liquid markets and low commission rates offer all punters a competitive advantage over betting with a regular bookmaker or other betting exchange alternatives.
Having been in operation since 2004, the company was acquired in 2011 by a group of investors with background in the UK sports wagering and banking sectors. Matchbook.com is licensed by the Alderney Gambling Control Commission and by the UK Gambling Commission in respect of its customers that are based in Great Britain.