What the latest private LAB polling has done to the betting
Burnham the big loser after survey had him 3rd
One of the great features now on the Betfair exchange for those who like trading is that with one click you can cash out and instantly get to a position where you are equal on all outcomes.
Yesterday evening just after news of the latest private polling came out there was nearly £10,000 available on Betfair for those who wanted to lay Andy Burnham at the price of 2.1. Effectively this was a bet on all three other contenders at slightly shorter than evens.
Given the Mirror story the price was then out of line with Burnham’s perceived chances. Tissue Price and others highlighted this on the thread and I took as much as I could.
The price then moved out over the next 45 minutes and I cashed out leaving me with a very nice all green book making a pretty good profit whatever the outcome and having no money at risk whatsoever.
I can’t call this race and I doubt if others can with any confidence. Best play for safety.