The big bet on the UK election is not who will be prime minister
Associated PressLONDON — In one of the store-front betting shops that are ubiquitous in London, a bookie howls with laughter when asked if anyone is placing bets on Thursday’s election. “It’s quite a niche activity.” Unlike sports bettors that include people putting money on their favorite teams, political gamblers tend to be more strategic, said Leon Blackman, spokesperson for Oddschecker. “You can see the drop-off and they hit their lowest point in two years time and that kind of reflects the public’s trust in the Conservative Party from there on in,” Blackman said. In politics, you’re really scratching around.” Bettors follow the polls, and betting could help predict the outcome Before there was polling, betting odds helped gauge a candidate’s performance, Pickles said. “That works in smaller markets where there isn’t enough money or liquidity for people to absorb those kind of spurious bets are tilting the market in one direction,” Pickles said.
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