It looks like there’s Major Mispricing in the Majority Market
In 2019 the Conservatives won an 80 seat majority with an 11.5% popular vote lead. Since then their polling lead has floated between 20% to around 0%. Right now it is mid to high single digits, though polls are a bit all over the place at the moment. They will probably win a majority again at the next election. That shouldn’t be a controversial statement, yet the betting markets will give you up to 2/1 on this outcome. Why? The…