Punters still fight shy of a hung parliament
CON SPREAD RANGES
342 – 347 Sporting Index
340 – 345 ExtraBet
346 – 349.5 Betfair Line market
LAB SPREAD RANGES
218 – 223 Sporting Index
220 – 225 ExtraBet
213 – 218 Betfair Line market
LD SPREAD RANGES
53 – 56 Sporting Index
54 – 57 ExtraBet
53.5 – 54 Betfair Line market
This is the first PB Index for nine days and it shows only a four seat drop in the projected Tory majority since February 13.
The spread prices featured above shows thart the money continues to support a reasonable Tory majority even though this is a bit out of line with recent polling.
We are seeing the same characteristic that we’ve observed before – the Tory poll lead is getting smaller but there are few gamblers about prepared to back Labour.
The PB Index is an attempt to show how gamblers are viewing the coming election by extrapolating a projected outcome from betting prices.