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How to win money by hedging between Betfair’s Trump specials
Betfair markets related to Donald Trump’s future are kicking off again as FBI investigations into the US President and his closest allies intensifies. At odds of 1.63, the chance of him serving a full first-term in office has slipped to 61% from around 68%. At yesterday’s low point, it was just 58%. As ever with…
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Five ways conventional wisdom has broken down
As recently as 2014, political betting was arguably the most reliable market for favourite-backers. Suddenly it’s become a haven for historic upsets. Anyone who thought 2016 was a freak year got a rude awakening last month. Based on their respective positions at the start of each campaign, Labour denying a Conservative majority was a bigger…
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General Election 2017: Final predictions
When Theresa May called this election seven weeks ago, the overwhelming consensus predicted a landslide victory. Any non-partisan voices suggesting Labour could put up a fight, let alone deny the Tories a majority, were extremely hard to find. Yet here we are on election eve and there are plenty of punters willing to stake sizeable…
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Tories popular ahead of by-election double-header
Phrases such as ‘must-win’ and ‘do-or-die’ have often been used to define the challenge facing parties in UK by-elections. Rarely, however, could such terms have legitimately applied to two different leaders. Yet one bad result on Thursday night could prove ruinous for either Jeremy Corbyn or Paul Nuttall. It is hard to recall a night…
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Political betting goes global after record year
Whatever one thinks of Brexit, Donald Trump and the wave of anti-establishment populism sweeping the Western world, we should all be able to agree that politics became a lot more interesting and unpredictable in 2016. The combination of drama, unique characters and the touchstone issues in play helped justify predictions of becoming the biggest ever…
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Macron the new French favourite after Penelopegate
Once upon a time, political betting was just about the most predictable game on earth. National elections were won by the favourite. Period. Then along came 2016 and, like just about all things political, all of our assumptions and long-established trends became redundant. With Brexit and Donald Trump fresh in the memory, political bettors seem…
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Corbyn crisis as UKIP assume Stoke favouritism
Earlier, I announced three new bets regarding the two forthcoming by-elections and on Jeremy Corbyn’s future. The piece below explores the two contests and wider implications for Labour. 2 new by-election bets: Backed UKIP 20 units @ Evens for Stoke; Laid (opposed) Labour 15 units @ 3.1 for Copeland. — Political Gambler (@paulmotty) January 26,…
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How electoral systems keep fooling betting markets
The US Election votes are still being counted but with each day that passes, this result looks ever more like the greatest electoral anomaly in living memory. Hillary Clinton is on course to win by the popular vote by around 2M votes, yet suffer a resounding 306-232 defeat in the electoral college. This isn’t an excuse. I argued many times…
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5 reasons why I’m still all in on Clinton
When I was first asked my prediction to be the Next US President back in July 2015, the answer needed no hesitation – Hillary Rodham Clinton. She was favourite on Betfair’s market back then and, despite a rollercoaster ride over the next 16 months including the constant threat of indictment, has never surrendered that position.…
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US Election Betting Portfolio Update
Trading inevitably involves navigating peaks and troughs in the market. Timing is pivotal to success. Whilst it has been profitable so far and I remain extremely confident about the outcome, on the latter point, I can’t say I’ve played this election cycle well. In the primaries my cover bets on Trump were terribly timed, probably…