Rochester betting: Although UKIP looks a near certainty there are still some interesting markets
Ladbrokes betting http://t.co/ZlibygoyoN Rochester turnout. 8/11 below 50%. Evens 50%+
— Mike Smithson (@MSmithsonPB) November 19, 2014
William Hill betting http://t.co/orbZ1ewJDz LDs 1/33 to lose deposit in Rochester. Seems a certainty even though price very tight.
— Mike Smithson (@MSmithsonPB) November 19, 2014
Sporting Index http://t.co/56fhx8BJCR have interesting spread market on UKIP Rochester share. Sell 43% BUY 44.5%
— Mike Smithson (@MSmithsonPB) November 19, 2014
I like the SPIN spread market. If you think UKIP will secure more than 44.5% of the vote and bet £10 a unit then you win that amount for each percentage point above that level that they achieve. Your risk losing on the same formula for every 1% point they get below 44.5%
This is a relatively low risk introduction to spread betting and I can’t see it being more than 10 points either way. You buy at the higher price and sell at the lower one.