Jeremy Corbyn will need a “miracle” to defeat Boris Johnson in the general election, bookmakers have predicted with just three days until Britain heads to the polls.
Betfair Exchange predicts the Tories are set for a landslide victory, with a 79 per cent chance of gaining an overall majority.
The odds of a Labour majority have been slashed to just two per cent, despite shadow chancellor John McDonnell announcing on Monday: “We’re going to have a majority Labour government.”
Betfair spokesperson Katie Baylis said:“With just three days to go until the country goes to the polls, the Tories are at their shortest odds in two years for an overall majority on the Betfair Exchange, having shortened from 2/5 at the start of the weekend to 1/4 today or a 79 per cent chance.
“No overall majority has gone from 3/1 to 4/1 this morning, a 19 per cent chance, while Labour is at 54/1.”
Mr Corbyn’s party needs “some sort of miracle to stop the Tory charge” in the eyes of betting fans, Ms Baylis added.
When the election was called in October, no overall majority was odds-on and "Tories had a battle on their hands according to punters,” she explained.
“But once Nigel Farage announced his Brexit Party candidates would not oppose in Tory seats, Boris Johnson and his party have seen their odds continue to shorten to the point that today they look almost unbeatable.”
It comes as the latest opinion polls suggest the Tories are on course for a 40-50 seat majority.
The poll of polls, compiled by the Press Association, puts the Tories on 43 per cent, Labour on 33 and the Lib Dems lagging behind on 13.
However, Mr McDonnell refused to admit defeat as he gave a speech in London on Monday morning.
Asked if he would become interim leader if Mr Corbyn were to stand down, he replied: “It’s not going to happen because we’re going to have a majority Labour government.”
