A Betting Tip?

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A Betting Tip?

By Richard Huzzey | Sat 14th July 2007 - 2:34 pm

The recent Politicalbetting.com thread suggests good results for us in both by-elections. The regular punters spinning on that site say that Ealing Southall will be a close split between all three main parties. In Sedgefield, there’s speculation that some Labour voters may stay at home, giving Greg Stone a chance to win.

Am I the only one who thinks Labour are less certain to hold Sedgefield than the 1.03 odds currently on Betfair? For a liability of £5.16 I stand to take £172 if voters punish the Brown government and Labour’s thuggish attempts to distrupt democracy. You can get almost as much by backing Greg directly at odds of 33-1.

Political betting is about playing the odds, and Labour is certainly much less likely to win the seat than 1.03, even if they still do hold it! Consider it LibDemVoice’s first betting tip.

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2 Comments

x 14th Jul '07 - 6:49pm

http://www.casinotimes.co.uk/casino-news/2007-07/william-hill-lib-dems-140707.htm

Lib Dems Backed For By Election Glory

The Liberal Democrats have been backed to win both of next week’s by-elections with William Hill, who have slashed their odds from 5/1 to 3/1 to win the Ealing-Southall by-election; and from 33/1 to 16/1 to win in Sedgefield.

“The Lib Dems traditionally fare well in by-elections and as ninety per cent of the money we have taken for these two is being placed on that Party there is clearly an expectation that Sir Menzies Campbell’s leadership could be in for a boost next Thursday” said William Hill’s spokesman Graham Sharpe.
Chris Paul 15th Jul '07 - 9:23am

You can LOSE almost as much, in fact just a bit more by placing a bid at 33-1 four days out on a rank outsider. Or lose more than twice as much if the odds hav crashed in to 16-1. With, incidentally, most of the PVs already in the ballot boxes.