As we’ve all noted it has been a bad opening week of the official campaign in the polls for OUT. One survey after another has been published showing the margin behind IN getting longer. Normally you would have expected such polling to have been reflected in the betting but that’s not what happened on the Betfair exchange where an average of a £1m has been matched every day this week.
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Intellectually, Mr Gove’s Albanian option barely makes sense. Politically, suggesting leaving the EU and joining the Balkans is obviously an absurd proposition. You can expect to hear a lot more about Albania during the rest of the referendum campaign.
http://blogs.ft.com/the-world/2016/04/gove-and-the-albanian-option/
The odds there on the Remain bands moved a little in the opposite direction I think. 60-65% was 8.4% not so long ago, now not much left at 7.2. I think the value is looking to be outside the 50-60% range, in light of the difficulties polling.
10,000 seconds
I won't spoil it for you, it needs to be savoured in full, but this gives a flavour.
http://www.telegraph.co.uk/news/2016/04/21/in-honour-of-the-queen-an-mp-tells-the-single-most-boring-anecdo/
Just like we did when it recommended Kinnock in 1992, the ERM and joining the euro
#wrongthenwrongnow
http://www.telegraph.co.uk/news/2016/04/21/as-your-friend-let-me-tell-you-that-the-eu-makes-britain-even-gr/
Subtle as a sledgehammer.
I'm struggling to think of many Leavers who have that sort of money. Even Arron Banks.
But the EURef is a different deal. A couple of million quid (being conservative - there'll have been lots of regular betting too), would fund an awful lot of campaigning in Britain. Why spend it on such a peripheral activity? I'm not saying it hasn't happened but if it has, it doesn't make any sense.
People do crazy things but a mastermind co-ordinating this seems pretty unlikely to me.
After yesterday's interesting and impartial thread header its back to Brexit bashing by the pb hierarchy, albeit slightly more subtle.
I think that only makes sense once Vote Leave, as the official campaign, has maxed out.
It does seem something of a waste of money to bet so much purely to move the price a few percent, when it immediately bounced back previous position once the flow stopped.
A very naive view and an insight into your approach to betting. Very few people make long term profits on betfair, those that do don't simply back what they hope to happen.
PB Fantasy League update
Burtby Babes = Leicester
Scrapheap = Spurs
Foxes = West Brom
TSE = Watford
It is very good though. I know it won't go down wll with some but it's very well crafted and he's hitting a lot of buttons that''ll appeal to the undecideds
In real life however - top of the league :-)
Must do better old chap, leave it to the people on your side that understand it.
It seems to me on this occasion simply that someone wanted to place a very big bet on Leave.
All big punters will talk about the problems of getting large sums on with bookmakers, the successful ones at least, betfair has changed everything.
http://www.theguardian.com/commentisfree/2016/apr/22/tories-attempt-smear-sadiq-khan-repellent
US & the world: don't do it, bro.
Brexiter: shut up! What's it got to do with you?
I think Leavers have to accept that Cameron and Osborne are bringing the same skill and effort to this that they did to the GE. No stone is left unturned in finding an angle. Each stone on its own is inconsequential but together they make an avalanche. These two have not dominated UK politics for a decade just because they are lucky. Unless there are some particularly adverse events this is not looking close.
They might calculate that at some point during the primary campaign in May/June Leave will have a good few days when they lead in the polls, and the price comes in, whereupon they can trade out.
Mr. P, it's truly a shame that the US refuses to trade with any non-EU country
http://www.theguardian.com/politics/2016/apr/20/accuracy-is-for-snake-oil-pussies-vote-leaves-campaign-director-defies-mps?CMP=share_btn_fb
For an organisation that supposedly respects the sovereignty of the HoC it is bizarre. Why is this bonkers guy so involved in the Leave campaign?
In the interests of accuracy, why not direct your criticism to Remain too?
Mr. Meeks, unless you're advocating a United States of Europe, that doesn't make any sense.
And that's without considering the wildly different circumstances of 21st century Europe and 18th century North America.
Is Obama proposing to give the ECJ the whip hand over the US? Is he proposing becoming a massive net contributor to the EU? Does he think QMV should be able to impose rules on the US?
http://www.heritage.org/research/commentary/2016/1/the-top-ten-us-myths-about-the-european-union
33 minutes 33 seconds
https://www.youtube.com/watch?v=M-FXkj-r9Mc
http://www.thetimes.co.uk/edition/comment/by-staying-in-the-eu-we-can-help-to-dismantle-it-cvxqjg3dq
All odds once the betting starts are set by the market. A bookie who works any other way will soon be out of business. As all bookies know, gambling is a mug's game.
"Betfair #EURef markets gets back to normal after what appears to costly effort to boost LEAVE'"
Oh come on!
"As we’ve all noted it has been a bad opening week of the official campaign in the polls for OUT. One survey after another has been published showing the margin behind IN getting longer. Normally you would have expected such polling to have been reflected in the betting"
This isn't true. In the Scottish referendum, the probability of a YES win implied by the betting odds was much lower than the probability implied by the polls. Or it would have been, had pollsters stated serious figures for expected error, rather than leaving it for hacks to say that all polls were "within the margin of error", without knowing what that term meant, and experts to comment that in their expert opinion the probability of a hung parliament was greater than 99%.
It could be LEAVE manipulating the market, but it's far more likely to be REMAIN.
There have been bumps in the Betfair price before. This time the price took a little longer than usual to get back to 33%.
Why did lots of money get staked on LEAVE? Probably in response to Osborne's statement, delivered with a straight face, that his experts had told him that the average household will lose £4300 if Britain leaves the EU. That put the EU referendum in the TV headlines. People remembered about it and went to vote LEAVE. Oops, I mean they went to bet on LEAVE. Most people in the country outside of wonkland think LEAVE will win. Then when it looked as though the price wasn't going to go back to 33%, REMAIN supporters spent some money putting the price back to that level.
That explanation is simple and likely to be correct.
A million or a couple of million isn't much money anyway.
People need to ask why, apart from during the Brussels spike, one other spike, and this latest bump, the price has been so flat at 33%. Money needs to be spent - not so much, but still some - to cause that effect too. It's not as if no money has been being staked.
Obama will be a positive for Remain, how much of a positive is open to debate.
Political news and analysis has been greatly influenced by sports news and analysis
Obama: Hope and Change is only for Americans.
Pollsters' quoted predictions are predictions on the basis of what people tell them. Telling a pollster something is a different activity from voting. I've also noted that the questions they ask other than "if the vote was tomorrow, how would you vote?" tend to be ridiculous. "Please tick which is the most important issue for you in the EU referendum" is a classic of a stupid question. There's one major effing issue in the EU referendum: immigration. "On a scale of 1 to 10, how likely are you to vote" is only slightly less ridiculous. Asking poll questions is not sampling how people vote.
The EUref polls are at least as binnable as last year's general election ones.
Boris Has A Point About Obama EU Intervention
http://news.sky.com/story/1682829/boris-has-a-point-about-obama-eu-intervention
In all honesty, I've no reason to doubt his sincerity, and there's nothing wrong with him being utilised by the remain cause. I dont like being lectured by the guy, I hope it's ineffective, but it's fair game.
The breaking news is that WIND is reporting to JNN the contents of the latest ARSE4EU Referendum Projection :
Should The United Kingdom Remain A Member Of The European Union Or Leave The European Union?
Remain 57.5% (+1.5) .. Leave 42.5% (-1.5)
Turnout Projection 63% (+0.5)
Changes from 19th April.
Note - Largest REMAIN lead with ARSE4EU
......................................................................
WIND - Whimsical Independent News Division
JNN - Jacobite News Network
ARSE4EU - Anonymous Random Selection of Electors For European Union
Excuse my ignore, but how do you go about getting the mass of live information that Betfair produces? There seems to be an API for building third-party apps, but I can't find any access to the data for an average punter.
http://www.heraldscotland.com/news/14444715.SNP_accused_of_keeping_attainment_gap_report_secret_until_after_election
Labour & the Tories would be proud of them.....