Zac Goldsmith’s odds have eased to the point where he becomes a value bet

Zac Goldsmith’s odds have eased to the point where he becomes a value bet

Winner London Mayoral Election May 2016

This could be tighter than the polls

Like many PBers I’m sitting on bets at 33/1 placed in March 2013 on Sadiq Khan to be next Mayor of London. This was on the basis of a tip from Henry G Manson who argued that EdM’s then appointment of the Tooting MP as Shadow Minister for London would play a big part in him securing the nomination. And so it turned out.

He’s now up against the Richmond Park Tory MP, Zac Goldsmith, who is running a well-funded campaign to keep the Mayoralty of the capital in blue hands.

One recent initiative has been a bespoke appeal to London’s Indian communities. Sadiq’s family, of course, come from Pakistan and, no doubt, the thinking was that this would make him be less attractive to the Indian communities.

We’ve been promised Tory campaign of “shock and awe” in the closing weeks and there’s little doubt that Khan and his party are much weaker in outer London than inner.

We’ve had two polls in the past ten days both showing Sadiq in a reasonably good position – but at this stage it is hard to estimate the impact of the final campaigns.

London mayoral elections are all about turnout where the red team could be more vulnerable.

I’ve been waiting for the Zac price to move to the point where it is value and have now started covering my big profit position on Khan. I want May 6th to be a good pay-day whoever wins.

Check out the latest PB/PM TV Show by clicking the bar on the right of the page

Mike Smithson

Comments are closed.