‘You never meet a poor bookie’ – that’s what this writer’s dad, an avid horse-racing punter – used to say as he brought home his latest list of bets. So today’s move by betting giant Ladbrokes might just be the most significant ‘poll’ there has been in this General Election.
Ladbrokes were offering massive odds of 20/1 against Theresa May being Prime Minister on Friday morning:
Now, this was a ‘special’, time-limited offer – but Ladbrokes is not going to be looking to give away potentially huge amounts of money.
There are two realistic reasons that spring to mind for this offer: either Ladbrokes know something and are looking to draw in easy money – or they’ve had a flood of bets on Corbyn to be Prime Minister and are looking to offset the risk.
The first reason suggests the Labour surge is bigger than any TV pundits and presenters will admit…
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