Labour is on course for victory in the upcoming Lewisham constituency elections, according to bookmakers’ predictions.
In Deptford, Labour is the favourite by far with odds of 1/66, whilst the Liberal Democrats are as likely to be elected as Lady Sovereign is to win Celebrity Big Brother with odds of 33/1. The Conservatives are falling behind with odds of 100/1, which is the same chance Eddie Izzard has of becoming Mayor of London in 2012.
East Lewisham also shows Labour as the favourite with odds of 1/25 which will generate a return of £1.04 every pound you bet. The conservatives may return £9 for every £1 pound bet and the Liberal Democrats £41 with odds of 8/1 and 40/1 respectively.
The Lib Dems are the least favourite to win in Lewisham West and Penge, and are as likely to win the election as a British director is to win an Oscar for Best Director this year with odds of 16/1. The Tories are in second place with odds of 5/1 whilst Labour is in the lead with 1/7.
Nick Weinger, a spokesman for Ladbrokes, told East London Lines that even though the odds are mainly based on what punters think, they start off by analysing the local situation.
He said: “1/66 are about the most favourable odds you are going to get. The odds reflect what we think is going to happen beyond even allowing for a minor miracle.”
Some may risk betting against the odds lured by the possible return knowing that the final outcome of the general election is yet to be determined.
Deptford
Labour 1/66
Green 12/1
Lib Dem 33/1
Conservatives 100/1
Lewisham East
Labour 1/25
Conservatives 8/1
Lib Dem 40/1
Greens 100/1
Lewisham West and Penge
Labour 1/7
Conservatives 5/1
Lib Dem 16/1
Greens 100/1