Chances are that following the betting on by-election days won’t tell you anything and could be costly
The final 12 hours of betting on Richmond Park Above is a chart showing the Betfair exchange prices on the day of December’s Richmond Park by-election. As can be seen those who were following the betting for their inspiration would have got it wrong until about 11:30 p.m. At that point, it will be recalled, the TV news programmes started reporting that Labour campaigners were suggesting that the Lib Dems had gained the seat by majority of about 2000. As…