What are the chances of an MP defection to UKIP?
Is 6/4 a good value bet? Ladbrokes has a bet at 6/4 that an MP will defect to UKIP before the general election. It looks like a reasonable punt. The problem for potential MP defectors is that UKIP has never even come within a whisker of winning a Westminster seat and the chances of holding on at a general election must be low. So a potential defector would have to factor in losing both their job and parliamentary salary. As…