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Betting on politics: Two Scottish bets
Political betting expert Matthew Partridge weighs up the odds election results in Scotland.
Ruth Davidson's Scottish Conservatives are looking to make headway
(Image credit: 2017 Ken Jack)
The last few days have been a busy time for this column with no fewer than seven combined bets coming due (eight if you had bet singly). Regarding last Thursday's local elections, I correctly predicted Labour victories in Greater Manchester and West Merseyside, while the Conservative candidates triumphed in Cambridge & Petersborough and the West Midlands. However, the Liberal Democrats put in a surprisingly poor showing in the West of England, coming in third place with only 20.2% of the vote.
Macron's landslide victory on Sunday means that both my tips that you should bet against Le Pen which I recommended in November and my more recent suggestion that you should back Macron at evens paid off. Overall, this series of bets would have made an average profit of just over 20% (though you would have only got 7% if you had treated the Greater Manchester bet as two separate bets).
I'm now advocating two Scottish bets. The local election results, as well as the latest polls, suggest that the SNP have fallen back quite a bit from their 2015 high-water mark, perhaps because the Scots don't want another independence referendum. By contrast, the Conservatives have surged, becoming the second-largest party. So you should take William Hill's offer of 1/4 (80%) on the Tories to hold Dumfriesshire, Clydesdale & Tweeddale.
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Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
Edinburgh South, Labour's sole remaining seat, is slightly more complicated because Labour's collapse means it has now become a three-way marginal. While I think pro-union tactical voting will see them through, I'd make a combined bet on both Labour at 11/8 (42%) with Sykbet and the Conservatives with Coral at 3/1 (25%). This works out to combined odds of 67%. In this case you should put £6.27 of a hypothetical £10 betting unit on Labour and £3.73 on the Conservatives.
Join more than 165,000 subscribers and keep yourself informed with the latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
