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Bookmaker tips Brexit Party for big win in European elections

Yahoo Finance Staff
Updated
Brexit Party leader Nigel Farage delivers a speech during a Brexit Party rally in London, Tuesday, May 21, 2019. Some 400 million Europeans from 28 countries head to the polls from Thursday to Sunday to choose their representatives at the European Parliament for the next five years. Farage's Brexit Party is leading opinion polls in the contest for 73 U.K. seats in the 751-seat European Parliament. (AP Photo/Frank Augstein)
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.