Taking the plunge
I am not a betting man but taking two examples from recent history, namely the election of the last two Labour leaders, Corbyn and Miliband, if I had followed my support with bets, I would have been quids in. I think Corbyn was the 33 to one rank outsider. It seems odd that if you are willing to support what at first sight looks like a lost cause putting a few quid on it appears a step too far. I think this time I will place a bet on Labour winning the general election. That will mean finding out what the bookies mean by ‘winning.’ Overall majority, vote share, largest party? The longest odds will be on an overall majority, so I’ll go for that. At the moment the Tories are 1/7 favourites—quite how that is worked out I don’t know, given the recent inaccuracy of polling. And this election seems likely to be the most unpredictable ever. Looking on the website oddschecker.com the odds on Labour winning are ’shortening’ whilst those on the Tories are ‘drifting.’ I will take the plunge with £10.
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