For those who think that political betting markets are predictive check out what happened in 2010
Spread markets. 0700 General Election day May 2010
| Seat spreads | CON | LAB | LD |
|---|---|---|---|
| Betfair | 319½-321 | 217½-220 | 82½-85½ |
| Extrabet | 316-321 | 218-223 | 78-82 |
| SportingIndex | 317-322 | 214-219 | 78-82 |
As we all remember LAB came out with 258 seats so those punters who placed spread bets on Gordon Brown’s party on election day five years ago did very nicely indeed. A £50 buy bet on LAB with SPIN on the morning of the 2010 general election would have been at a level 39 seats below what happened. So the profit would have been 39 times £50. Not bad.
Overnight spread prices
Latest @SportingIndex commons seats spreads http://t.co/E76CImc6ZI – pic.twitter.com/fif8H28jdO
— Mike Smithson (@MSmithsonPB) March 13, 2015
Mike Smithson
For 11 years viewing politics from OUTSIDE the Westminster bubble
For latest polling and political betting news follow @MSmithsonPB