Betting on politics: A two-way fight

Matthew Partridge weighs the odds on the electoral fight to replace US congressman Tim Murphy.

885-Lamb-634

Conor Lamb could be in with a shout
(Image credit: 2018 Getty Images)

The Italian election is this weekend, so we will find out if my predictions from last week about the party with the largest number of seats is correct. But this week we'll look at the US.

Ladbrokes put Saccone at 1/2 (66%), Lamb at 6/4 (40%) and the Libertarian at 200/1. Normally, this should be an easy call: the 18th district is in a solidly Republican part of Pennsylvania. Of course, with Trump's approval rating stuck at around 40%, and with the Democrats comfortably ahead in the generic ballot, these are not normal times, and the best-known forecasters think the contest will be unusually close.

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

However, I disagree. All six polls that have been conducted since the start of this year have put Saccone ahead of Lamb, with an average lead of more than five points. Trump has also hinted that he will announce a major tariff increase at a campaign rally Saturday week, which is likely to go down well in an area where the manufacturing industry remains relatively important. While an upset is not completely out of the question, I'm sufficiently confident that Saccone will win to recommend that you bet on him.

Dr Matthew Partridge
MoneyWeek Shares editor