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Bookmaker tips Brexit Party for big win in European elections

Brexit Party leader Nigel Farage delivers a speech during a Brexit Party rally in London, Tuesday, May 21, 2019. (AP Photo/Frank Augstein)

Ahead of the European parliament elections on Thursday, the fledgling Brexit Party is tipped to gain the most seats in Britain.

There is a 97% chance of the party gaining more seats than any other party, according to the online betting exchange Smarkets.

The Eurosceptic party, headed up by ex-Ukip leader Nigel Farage, is expected to drain support from the Conservative and Labour parties on Thursday’s poll.

Smarket had initially put the Brexit Party at just a 22% chance of gaining the most seats, but now they’ve soared to 97% – pushing Labour down to their lowest odds yet of just 2%.

Sarbjit Bakhshi, Smarkets head of political markets, told SBC News: “The Brexit Party, despite having no members, no manifesto and no proposals of what they will do in the European Parliament, are set to storm the European parliamentary elections with a 97% implied probability of getting the most seats from the UK in the European Parliament market.

READ MORE: Theresa May bids to save her Brexit deal

Reporting by Tom McArthur.