A Labour victory in Saturday’s European Parliament elections is being taken as a foregone conclusion by bookmakers, despite the Prime Minister insisting his party is the “underdog”.
This pronounced trend emerged when the Times of Malta analysed the odds given by various online betting companies of the Labour Party obtaining four out of the six seats up for grabs.
Betting company Smarkets is giving very low returns if such outcome materialises to the point that punters would only win 2c for every €1 gambled.
On the other hand, should the Nationalist Party make a surprise comeback, this would spell bad news for bookmakers and would translate into winnings to the order of €23 for every €1 waged.
Betting company Betway is offering similar odds, though, in this case, a PN victory will bring €10 in winnings.
However, there is the possibility the two main parties share the spoils, each winning three seats. Still, according to betting company Yobetit, such a result – which would be a repeat of 2014, when the PN had managed to win the third seat due to the transfer of votes despite garnering 34,000 first-count preferences less than Labour – is rather unlikely.
The odds are 4.5, meaning…
