Newark By-election – latest betting news.
Only eight days to go, and the very real possibility that UKIP will soon have it’s first Westminster MP.
Latest odds from Ladbrokes.
Here were the opening prices when Patrick Mercer first stepped down:
- 4/5 Conservatives
- 2/1 UKIP
- 4/1 Labour
Labour actually attracted a fair degree of early support into 3/1 but that early confidence has totally evaporated. Local reports suggest they are not even trying very hard. Presumably, they think it is better to soft peddle this one and hope for a UKIP victory.
So, a clear two horse race and UKIP have been well supported down from the 5/1 we quoted when Roger Helmer was selected as their candidate. We’re in a good position at the moment with plenty of support for both runners. This is shaping up to be a pretty good betting contest and might well be the biggest of this parliament, excepting Eastleigh which was probably one of the most heavily gambled upon by-elections in history.
Where the money has gone:
I am probably going to be in Newark myself early next week – if anyone reading this spots me outside the Ladbrokes in Market Sq., feel free to come and say hello. I’ll be standing next to a chalkboard with some odds on it.