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.
Lib Dem 33/1
Lib Dem 40/1
Lewisham West and Penge
Lib Dem 16/1