SkyBet stops taking money on Labour getting less than 30%
Nearly a month ago we urged site users to make money on the postponed South Staffordshire election by betting that Labour would get less than 30% on June 23rd. At the time SkyBet were offering evens on this outcome which we felt was great value for money.
Since then the price has tightened and tightened and reached 4/7 a week ago when Skybet suspended all betting on the party shares in Thursday’s election. They’ve now re-opened the South Staffs markets but are not taking any money at all on Labour getting below 30%. Our view on how Labour will do has not changed.
It’s hard to call the Tory vote but we think that the Lib Dems at 15% or more looks like a good bet even though the price is now 8/13.
The General Election in the seat had to be put back because of the death of the Lib Dem candidate between the closure of nominations and polling day.