Could we see the prices converge?
At the start of May I suggested that a bet on Romney for president looked like a value proposition. At the time his Betfair price was 3.15 and I put the equivalent of three months of my state pension on it.
Since then the price has edged in and is now at 2.7 – that’s 1.7/1 for those who have yet to come to terms with the betting exchange’s odds format.
I think this is going to move in further. All the polling suggests a very tight race and the GOP nominee and his supporting organisations will probably have a lot more to spend.
- Mitt is where he is today after utilising brutal negative TV ads against his Republican opponents.
He’ll do the same and much more with Obama. This is going to be a bloody battle to end all bloody battles.
Both contenders should be close to evens. Romney isn’t and he’s the value bet.