I signed up to an online betting website, and put a ten pound bet on Jeremy Corbyn for next PM.
Corbyn is the 9-2 favourite, followed by Boris Johnson at 11-2.
Not totally sure how things work. Do the bookies set the odds based on what bets have come in? or on what they theink the likelihood of something happening is? Presumably they have to at least start with an assumption - opening odds, but then if a lot of money goes to one place, they will lower the odds on that particular thing.
I also get 3 free £10 bets as a sweetener. I suppose I might as well use them. So I've been looking around the politics bit.
The bookies reckon that if there's another Scottish independence vote, it will be in favour. 2/5 for yes. 7/4 for no.
They also reckon the Conservatives will be most likely to get an overall majority at the next election. (8/11) with No overall majority second favourite (6/4) and a Labour Majority as a 5/1 outside chance.
Yet Corbyn is favourite for next pm?
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