Magazine article New Statesman (1996)

Racing Card

Magazine article New Statesman (1996)

Racing Card

Article excerpt

The Bet: Who will win the general election?

Ladbrokes has decided that the election is over before it has even started. By making Labour 40-1 on the biggest favourites in history, it is in effect saying: "We don't want to take your money." Although Gordon Brown has abolished betting tax, you would be better off investing elsewhere.

I don't believe that Amanda Platell is going to put the profits from her "bonk-buster" on Hague becoming prime minister, even if the odds are 10-1. Punters should definitely look elsewhere. Last time round, it was the Scots who made a killing. The Tories were 50-1 to win no seats in Scotland, and I know at least one famous Labour-supporting Scot who cleaned up. The bookies are not making the same mistake this time, and even on the "spread" there is not much value. At Sporting Index, Scottish Labour is 50-52, the Lib Dems 8-10, SNP 7-9 and the Tories 1-2. The SNP is not expected to make any headway, largely because Alex Salmond has made it clear that he prefers Westminster to Holyrood. …

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