All bets on: how to read bookie odds on a UK election

All bets on: how to read bookie odds on a UK electionBritish punters will once again indulge their passion for a cash wager on their country’s political future as bookmakers open up bets on the outcome of the Dec. 12 national election. “Betting markets do talk and they tell a story,” said Rupert Adams, media relations manager at bookmakers William Hill. The flip-side is the outcry when the bookies are judged to have got it wrong, as when they pegged Remain as the comfortable winner of the June 2016 EU referendum, or marked Hillary Clinton as favourite to beat Donald Trump in the U.S. presdiential election later that year.

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