Is the Cruddas Campaign a Covert Operation?

A co-conspirator spent a morning last week trying to get hold of the Cruddas campaign – don’t ask – the campaign website gives no phone numbers. His constituency office said they were not allowed to give out that information and it being recess the office in parliament was unmanned, with the voicemail saying it was full.

Both Cruddas’s and Benn’s campaigns are based in the same serviced offices near Lambeth Bridge. At the time of writing Team Cruddas hasn’t managed to empty the pigeonhole since it has had it (about two and a half weeks). Strikes Guido this is exactly the sort of Deputy Leader of the Labour Party the country needs: one who makes scarey left-wing noises for public consumption but has the organisational acumen of a vegetable marrow. Cheaper to run than Prescott, too.

His price on Betfair makes him third favourite after what most judge was a better and certainly more authentic performance on Newsnight. Despite a little excitement that this has brought to in the beating hearts of the Labour Left, Guido suggests you bet against him rather than on him. He is not going to win…

On Betfair Alan Johnson has overtaken Benn as favourite following a weekend poll putting him ahead with Labour members.

Punting on Paxo v the Number Two Wannabees

Guido has loaded up his Betfair account with cash in the hope that the Newsnight debate could be decisive one way or another in this race. Will try to figure not the merit of the arguments, not even how voters in the Labour electoral college will respond, but how other gamblers will interpret events. Despite having explained this many times, gambling on a beauty contest (like this) is not about figuring out who is the prettiest girl, but who the judges will think is the prettiest girl. Good luck..

Intros hardly move the market.

Head-to-head is more of a side-by-side format.

Lots of flannel on the Iraq issue.

Promises from Harman of an end to spin.

No real move in the betting markets, Paxo demands yes/no answers. Cruddas says no to Trident and charitable schools. So that stakes him out on the left.

Alan Johnson and Blears appear to accept the post-Thatcher Blairite settlement.

Punters start to move against Hain. Johnson closes on Benn.

Paxo bows out with “who would vote for if you weren’t running?” Only Cruddas gives a straight answer (Blears Harman).

ENDS

Let the spinning begin…

Number Twos on Newsnight

In what frankly, even by political anorak standards, is a boring campaign so far, tonight offers the prospect of some interest as they go face-to-face tonight on Newsnight.

Benn is now favourite, followed by Johnson. Punters make the rest also rans. Guido has a little money on Harman with an outside chance…

Harman 7/1? Worth a Punt

Betfair has finally opened up a market on who will be the Labour number two – smart move guys, but the trading would have been more choppy earlier. Alan Johnson is favourite, Hilary Benn is behind him 5/2 and Harman is next at 7/1.
Blears, Cruddas and Hain follow up in that order at long odds. Guido suspects it could be that the favourite wins, but has nevertheless put a few quid on Harman at what looks like good value. Suspicious number of Brownites backed her nomination…

Punters Back Reid to Run

As the dire electoral performance drives home to the less lemming-like members of the Labour party the actual value of Gordon, money has shifted over to Reid on Betfair. The graph shows how the price has come in over the last five days. Guido is frankly not convinced that Reid is willing to do battle with the dark forces.

Guido still has a few quid on John Hutton just in case he tries a Kamikaze battle of “ideas” with the man he said “would make a fucking useless PM”. 300/1 seems fair…

UPDATE : Don’t bother with Hutton – he has given an interview to GMTV for broadcast tomorrow where he bends the knee and pledges allegiance to Gordon.

Bookies Make Ming Even Money To Go

Mike Smithson over at PoliticalBetting.com alerts us to fact that Wiliam Hill have opened a book on Ming going before the General Election. His position is clearly weakened by the squeeze suffered by the LibDems nationally. The very real possibility of the LibDems finding themselves near-bankrupted by the necessity of paying back the millions from their fraudster backer adds to the pressure. He could very easily suffer health problems that force him to stand down. Such as a knife protruding from his back…

SNP Knife-Edge Choppy for Punters

Guido has been trading the Betfair Scottish Most Seats market on Betfair badly as it bounces around. The odds have been inconclusive. Guido has managed to get himself into a situation where he wins £1.30 if Labour are the biggest party and loses substantially on every other possible outcome.

Which reminds Guido, the Observer’s Mark Townsend still hasn’t paid up his gambling losses despite many hints.

Odds Harden

Mike Smithson points out this morning that as political punters increasingly see Gordon as nigh-on a certainty, the odds on the Tories winning the general election become even firmer.

The correlation is striking.

Blinky Balls : I Won’t Be Chancellor

Blinky BallsIn a puff piece in the Brownite Daily Mail, Blinky does a bit of false modesty and says “I still have a lot to learn.” He tells Dacre’s hacks, “No” he won’t be taking over at the Treasury “I

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Profit from Politics

Those of you who took Guido’s advice and put some money on Milburn at 100/1 last night will be able to take profits and lay him at around 30/1 this morning. Even easier than investing in private equity…

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+ READ MORE +

Couple of Quid on a Kamikaze

Miliband has come in sharply to 9/1 second favourite. Time to take profits if you backed him at longer odds methinks.

At an outside 100/1 on Betfair, Milburn is worth a flutter surely? Guido has put a few quid

[…]

+ READ MORE +

New Labour’s New Generation

With polling now showing that the Tories are seen as more competent on the economy than Labour, Gordon’s last ace looks to have been trumped. In 1992 the Tories lost their reputation for superior economic competence and it has taken

[…]

+ READ MORE +



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