It’s now now neck and neck on Betfair between a LAB majority at GE2015 and a hung parliament

July 8th, 2013

The CON majority price edges up

Above are the latest Betfair trades on the exchange’s GE2015 overall majority market.

The percentages are calculated by taking data from the Betfair site and expressing them as a percentage simply because more people understand them that way.

The reason that they don’t add up to 100% is down to the market itself.

Because these are real bets that have taken place I think they are a better guide to betting sentiment than prices offered by the traditional bookmakers.

Labour’s now down to 40% after trading only a couple of months ago at 45%+. At the same to the hung parliament price has tightened.

Mike Smithson

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