By-election shock results
Did the betting markets fail in Chesham & Amersham and Batley & Spen? Two big by-election shocks in the space of two weeks. Did the pundits and betting markets underestimate the eventual winners as the Conservatives failed to win both Chesham & Amersham and Batley & Spen? First, an explanation of what I mean by betting markets. The days of only ‘bookies’ deciding what the odds should be are long gone. The odds you’ll see on exchanges like Smarkets are the result…