Mike Smithson's bet of the day: Good odds on seats

One of the oddities of current election betting is that punters do not seem to have seen the value in the odds available for Labour coming out with most seats. Given that applying the standard seat calculations to the shares in almost all the current polls gives a Labour lead on this measure you would expect the best prices to be between evens and 6/4. In fact you can get 9/2 at Bet365, SkyBet, Totesport and BoyleSport. It is true that all this depends on the uniform national swing actually working in practice but if the polls are showing Labour within 4% or 5% then there must be a reasonable possibility that Gordon Brown's party would come top. The current odds look very attractive and well worth a punt. I am not saying that Labour will win most seats but that there is a better than 9/2 chance that they will do. Mike Smithson is the founder and editor of politicalbetting.com