June 09, 2017 (LBO) - British Prime Minister Theresa May's snap election call failed to pay off with the general elections set for a hung parliament.
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The Conservatives have emerged as the largest party but without an overall majority after losing 26 seats to the Labour Party and five to the Liberal Democrats.
The Conservatives are set to win 318 seats, and Labour is expected to get 262 seats.
Accepting victory in her constituency of Maidenhead, Theresa May said that if Conservatives had won the most seats and most votes, "it will be incumbent on us to ensure that we have that period of stability, and that is what we will do," the Telegraph reported.
However, Jeremy Corbyn is now odd-on favourite to become the next prime minister, according to punters.
The Labour leader is more likely to lead the country than Theresa May, according to Betfair Exchange, the Independent reported.
Hung parliament in UK elections, Conservatives lose seats
