How to bet on Boris

Think Boris will beat Ken in the race for City Hall? With a binary bet, you could make a tidy profit for being right. But beware, says Tim Bennett - if you're wrong, it could cost you dearly.

"In the blue corner: an Old Etonian with a tendency for gaffes who likes to call table tennis "wiff waff". In the red corner: London's favorite newt-fancier and self-confessed political nerd, vying to reclaim City Hall for the third time in 12 years".

That's how the Evening Standard sums up the latest race to be mayor of London. On 3 May we will know whether the winner will be the current mayor Boris Johnson or challenger Ken Livingstone. And for spread betters, there's a chance here to spice things up a bit via a binary bet on the outcome.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

Tim graduated with a history degree from Cambridge University in 1989 and, after a year of travelling, joined the financial services firm Ernst and Young in 1990, qualifying as a chartered accountant in 1994.

He then moved into financial markets training, designing and running a variety of courses at graduate level and beyond for a range of organisations including the Securities and Investment Institute and UBS. He joined MoneyWeek in 2007.