For those who think that political betting markets are predictive check out what happened in 2010

For those who think that political betting markets are predictive check out what happened in 2010

Spread markets. 0700 General Election day May 2010

Seat spreads CON LAB LD
Betfair 319½-321 217½-220 82½-85½
Extrabet 316-321 218-223 78-82
SportingIndex 317-322 214-219 78-82

As we all remember LAB came out with 258 seats so those punters who placed spread bets on Gordon Brown’s party on election day five years ago did very nicely indeed. A £50 buy bet on LAB with SPIN on the morning of the 2010 general election would have been at a level 39 seats below what happened. So the profit would have been 39 times £50. Not bad.

Overnight spread prices

Mike Smithson

For 11 years viewing politics from OUTSIDE the Westminster bubble


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