A nice problem to have: Cash in my 90/1 & 65/1 bets on Leadsom now or wait for the race to evolve
What are the chances of her doing it?
On May 25h while perusing the Betfair next CON leader odds I saw that Andrea Leadson was available at 90 and immediately took the few pounds that was available that price. It then slipped down to 65, 55 46 nd 44 and I took that as well. My next bet on Leadsom was at 9.31am, just after Cameron had resigned, when I got 65.
The result is that I’m sitting on a very nice payday if she does end up as winner when the result is announced on September 2nd.
The question I’ve been pondering is whether to take some or all of the profits now she has tightened to the 5-6 region on the Betfair exchange.
At the moment it appears that Theresa May is romping home and there’s even been speculation that all the other contenders could pull out after Tuesday’s first round MP vote. In that case she could even become PM next week.
Funny things can happen in leadership contests particularly the Tory one and this coming weekend is going to be fascinating.