Bookmaker Paddy Power isn't waiting for the end of the U.K. election to declare a victor. With hours left before the the final results are set to be released, the online betting site already has David Cameron as its favorite for Prime Minister. Paddy Power is offering 1/9 odds that the Conservative Party leader will stay at 10 Downing Street, while giving 11/2 odds that Labour Party's Ed Miliband will become the new PM. And how will the government look like after this election? Paddy Power is offering even odds that a Conservative-minority government will prevail, while a coalition between Labour and the Scottish National Party will give you your money 25 times back. The closely watched BBC exit poll from the election pointed to a surprisingly strong showing for the Tories with 316 seats, while Labour was predicted to win a lackluster 239 seats. However, several political players have cast doubts over the precision of the exit poll. The pound jumped to as high as $1.5450 after the poll, up from $1.5249 ahead of the forecast.
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