Will there be an Old & Sad bonanza for Ladbrokes?
Just one percent of all money gambled has been on Labour
Shadsy at Ladbrokes has just sent me a breakdown of the betting on the Oldham East & Saddleworth by election.
| Oldham E & Saddleworth | Proportion of money wagered |
|---|---|
| Liberal Democrats | 83% |
| Conservatives | 13% |
| Labour | 1% |
If it continues like this and the election goes with the national opinion polls then the bookies will do very well.
The opening Ladbrokes price on Clegg’s party was 8/1. It quickly moved in to 6/1, then 4/1 and now it is at 7/2.
My guess is that once the campaign gets started we’ll see more money wagered on the reds and the blues. But why there’s so little betting confidence in the Labour camp is intriguing.