Do punters have any real idea about the outcome?
Is following the markets a good idea? Ever since the Dunfermline by-election in February 2006, when I bottled out of most of my Lib Dem position in the final half hour, I have been very wary of the predictive powers of punters as evidenced in betting price movements. Then, it will be recalled, the Labour price was 1/5 just as the returning officer started to announce the result. Crazy. What I find interesting about the current Ealing Southall market on…