How LAB was completely under-rated by the betting markets as polls opened on May 6th 2010
It finished CON 306, LAB 258, LD 57 Quite often in political betting a narrative builds up about the infallibility of the betting markets. That somehow because punters are wagering their own hard-earned cash their judgement is better. In the table above are the commons seat prices at 7am on the morning of May 6th 2010 just as voting started in the general election. Those who had had the foresight to “buy” LAB on SportingIndex at 219 seats would have…