Bookies In Quandry : Ming Backers Demand Pay-Out

Political punters who put money on Ming being “The Next Leader” are demanding a pay-out on their bets. He is the acting-leader, but nevertheless he is legally the leader of the LibDems and is to be installed in the leader’s office in parliament and will lead the LibDems on Wednesday at PMQs.

Betfair’s rules state “The market will be settled based on the first official announcement of the next Liberal Democrat Party leader.” Guido called Cowley Street LibDem HQ this morning and asked, “Who is the leader of the Liberal Democrat party?” The press office replied that Menzies Campbell was indeed their leader.

Unless the Bookies claim the LibDems are leaderless, then the punters have a good point. Michael Howard signalled he was stepping down six months in advance, a very different situation, Charlie Kennedy actually stepped down as leader and Ming Campbell took his place. Morally, if the parliamentary authorities accept Ming as LibDem leader how can the bookies not follow suit?

UPDATE: Betfair has suspended the market.

UPDATE: “For the avoidance of doubt, this market will be settled on the first official announcement of the next Liberal Democrat leader as selected in the next Liberal Democrat leadership contest.”
Betfair moves the goalposts! Well this is not only unsporting, but leaves them with a potential problem if Ming is crowned and a leadership contest is forgone. This could result in the market being out of play for years…




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Via the FT’s Jim Pickard: Seumas Milne’s idea for Labour election catchphrase:

“The Tories are the real extremists.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.

Facebook

Tories Mistakenly Share Private Conference Call PIN with Opposition Tories Mistakenly Share Private Conference Call PIN with Opposition
Len and Seamus’s Champaign Celebration Len and Seamus’s Champaign Celebration
Campaign Report: 48 Days To Go Campaign Report: 48 Days To Go
Updates: Who’s Standing? Who’s Standing Down? Updates: Who’s Standing? Who’s Standing Down?
Campaign Report: 49 Days to Go Campaign Report: 49 Days to Go
Listen: Dawn Butler Car Crash Interview Listen: Dawn Butler Car Crash Interview
Manifesto Lookahead: Six Tory Policies in Peril Manifesto Lookahead: Six Tory Policies in Peril
McVey for Upminster? McVey for Upminster?
Watch: Corbyn Crowd Boos and Shouts Down ITV Question Watch: Corbyn Crowd Boos and Shouts Down ITV Question
Coalition of the Others Still Behind Tories Coalition of the Others Still Behind Tories
NEC Swerves Corbyn Loyalty Pledge NEC Swerves Corbyn Loyalty Pledge
Watch: Barry Gardiner Loses It on Sky News Watch: Barry Gardiner Loses It on Sky News
CCHQ Caught on Hop: Not Enough Tory Candidates CCHQ Caught on Hop: Not Enough Tory Candidates
Campaign Report – 50 Days to Go Campaign Report – 50 Days to Go
PMQs Sketch PMQs Sketch
Osborne Quits as MP Osborne Quits as MP
Will Tories Drop MOAB on Corbyn? Will Tories Drop MOAB on Corbyn?
Corbyn Getting Beers in Early Corbyn Getting Beers in Early
Labour Staff Told: No Slogan, No Key Seats List, No Budget Labour Staff Told: No Slogan, No Key Seats List, No Budget
BREAKING: May Calls Snap Election BREAKING: May Calls Snap Election