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Betting exchange sites review

Betting exchange are an interesting alternative to common online bookmakers.  Imagine being your own bookmaker, and being able to bet against something happening empowering users to take an opposing view to traditional bookmakers.  Let’s Compare Bets has lots of information about the benefits of betting exchanges.  Instead this post will focus on reviewing the best betting exchange sites available to users from the UK, Europe, Australasia, Americas, Middle East, Asia and Africa.

Betfair

Pioneers of the betting exchange format they are the ones who started exchange betting.

Positives

  • Worlds largest betting exchange
  • Liquidity is high in more markets than rivals, from betting on darts to Premier League football (liquidity is money on both sides of the book. Lots of participants backing and laying in order to make the market)
  • Offer fixed odds as well as betting exchange odds
  • Large marketing budget enables them to offer generous sign up bonuses for new and existing customers
  • Great website
  • Cash out feature allow members to collect the value of their bet before the outcome has been described
  • Free and premium software available allowing people to unlock advanced features of the exchange

Negatives

  • Exchange commission is 5% which is high, but, discounts are available

Who can use Betfair?

Currently the website is available in English, Spanish, Portugues, Romanian, and Swedish.

People from Europe who want to register for Betfair can do some from these countries.

  • UK
  • Ireland
  • Netherlands
  • Estonia, Latvia, Lithuania
  • Poland
  • Belgium
  • Hungary
  • Macedonia
  • Moldova
  • Croatia, Serbia, Montenegro
  • Romania, Slovakia, Czech Republic
  • Sweden, Denmark, Finland
  • Spain
  • Bosnia-Herzegovina
  • Germany (no Exchange)
  • Malta (no poker or multiples)
  • Russia
  • Ukraine
  • Lichtenstein
  • Luxembourg
  • Switzerland
  • Norway
  • Gibraltar

Countries from Australasia 

  • Australia
  • New Zealand

From Asia

  • Indonesia
  • Malaysia
  • Singapore
  • Hong Kong
  • South Korea
  • Saudi Arabia (Afro-Asia)
  • India
  • Philippines

From America

  • Allowed within Delware, New Jersey and Nevada via TVG (a Betfair company)

From South America

  • Brazil
  • Argentina
  • Columbia

From Africa

  • South Africa
  • Egypt

Note; local rules and regulations change. For instance Betfair is currently (2016) applying for a Portuguese gambling license and is not accepted members from Portugal until this completes.

Betdaq

Betdaq is the second largest betting exchange operator.

Positives 

  • More generous commission discounting  starting from 5%
  • Commission refunds available as a promotion
  • Trading software available from free and paid services
  • free bet promotions on offer

Negatives

  • Less liquidity especially in smaller markets
  • Exchange commission is 5%

Who can open a Betdaq account?

People from the following European countries can open a Betdaq account.

  • UK
  • Ireland
  • Isle of Man
  • Jersey
  • Andorra
  • Gibralter
  • Malta
  • Mauritius
  • Netherlands Antilles
  • Sweden
  • British Virgin Islands

From Australasia

  • New Zealand

From the Americas

  • Argentina
  • Barbados
  • Brazil
  • Cambodia
  • Cayman Islands
  • Colombia
  • Costa Rica
  • Ecuador
  • Falkland Island
  • Panama
  • Venezuela
  • Trinadad and Tobago

The Africas

  • Ghana
  • Mauritius
  • Tanzania

The Asias

  • Azerbaijan

The Middle East

  • Iraq
  • Lebanon

SM Markets

An up and coming betting exchange.

Positives

  • Only 2% commissions
  • A range of markets
  • free bet promotions on offer

Negatives

  • lack of liquidity

Who can use SM Markets?

Accounts can be opened with various different currencies but there is no information about what countries are permitted.  We have requested that information and are awaiting a reply.  The currencies permitted are UK pound sterling, Euro, Australian Dollar, Canadian Dollar, Swiss Frank, Czech Koruna, Danish Krone, Hong Kong Dollar, Hungarian Forint, Japanese Yen, Norwegian Krone, Polish Zloty, Swedish Krona, and US Dollar.

Which of the top 3 betting exchanges you choose should depend on what you want from the exchange.  Betfair is best for placing large bets, doing exchange trading, taking fixed odds or playing casino games.  Betdaq is good for smaller bets on fewer markets and trading in some markets is possible.  SM markets is good for small back or lay bets in fewer markets.  Odds on the betting exchange can often be different on the same event making small exchange arbitrage bets possible.  For a consistent, reliable and low risk way to have fun making cash from betting exchanges visitors should sign up to receive our Bet and Lay manual using the sign up form on this page (look for the button that says YES Please), or by visiting our joining page.

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United Kingdom general election December 2019

Boris Johnson has called an early election.  The previous snap election was called by Theresa May in April 2017 presumably to decide the pressing issue of dealing with the fallout from the Brexit vote. Before that it was 1974: Labour called the election and won.

What is the motive this time?  To win back a majority so that Brexit can be finalised or capitalise on some perceived advantage over Labour.  Who knows, but, politics in the UK is hotting up.  More people than ever are getting interested in the political debate.  Jobs, immigration, Brexit, jobs, welfare spending, spending, more spending, a trend of people becoming self employed but not having enough work, NHS spending, jobs, job security, the NHS, and spending.  You get the drill.

Both parties are going to spend.  Something of a back track from Labour’s previous stance.  The conservatives are going to spend, push for a Brexit that allows the United Kingdom to negotiate trade deals on our terms with the rest of the world.  The USA will be woo’ed with tasty trade deals including more access to the NHS and flexibility on drug pricing.  A conservative government will be more sanguine on the issue of tax and technology companies like Facebook, Google, and Microsoft which have benefited from being able to pick and choose their tax jurisdiction.  In return, voters may benefit from more investment from these companies generating jobs, development, and access to new and exiting services like Google Maps.

Labour will spend including nationalising water and sewerage companies, the National Grid, electricity transmission and distribution networks, rail rolling stock, and the Royal Mail.  A plan that would be funded by the profits from these companies.  A 1970’s style manifesto aimed at We The People with an environmental twist promoting electric cars and wind power.  A shorter working week which will affect (benefit?) the ‘working classes’ more than others.  A campaign definitely aimed at younger voters.  Holder’s of financial assets may not benefit from a Labour Government if full market value is not paid for assets that face nationalisation.  It’s anyone’s guess what they are worth depending on how the debt and pension obligations on the books are valued. Furthermore, pensions funds could take a hit depending on how Labour deal with public private partnerships which generate much needed income for pensions in a world of low interest rates.

What about the Chief Rabbi?  An interesting marketing ploy by the conservatives?  Jew bashing clearly isn’t on the election manifesto, but, it’s a bit sinister all the same.  Why?  you may ask. Let’sCompareBets is going down that rabbit hole.

On to the betting, but first….. the deadline for registering to vote is over.   So if you are not on the electoral role you’ve just forfeited your god given right to the vote and you are not allowed to moan about the result afterwards….. even if you where going to vote for the Green Party anyhow.  You could remind someone not to forget to vote, and to pass that on.

Who’s going to win the election?

The power to call a snap election normally lies with the incumbent party so would only normally be called if they think it can be won.  Political parties no longer have free reign and powers have been curtailed by act of parliament to stop the power being abused.

December 12th will be a two horse race….. but don’t under estimate the importance of the wonky donkeys bringing up the rear; namely the canny Nigel Farage.  The Brexit Party says it all, and, Mr Farage is still mixing things up in the Eurozone.  However, not everyone thinks it’s a two horse race including Willie Rennie the Scottish Lib Dem leader.

What have the conservatives got going for them?

being the incumbent party

being tough on Brexit

standing our ground on the Geopolitical stage

being more populist….. not with manifesto pledges but with subtle slight of hand;  ” Boris Johnson faces criticism over the burka letter box jibe ”  headlining on the BBC.

More support from the establishment because they fear change as much as anyone else.

Financial markets….. take a look at the share price performance of SSE the utility company.  It’s on the block for nationalisation but the share price does not reflect this. Possibly an indication market participants expect a Conservative win.

How about Labour?

Recent elections have stoked support and interest from more and more people.  More younger people are getting involved in politics.

Giving people a sense of taking more control over national assets.

Invigorating working led unions as a means to employees getting their voices heard.

A sense that they’ll be sticking one up the establishment and making some people feel better about their lot, even if it does end up being negative on a net net basis over the long run.

Higher minimum wages.

What should have got onto the election manifesto….

promoting electric vehicles for companies, quasi government entities, and civil services that have a large fleet of vehicles that have predictable mileage and usage.  Utilising big data and artificial intelligence where possible to squeeze out much needed productivity gains for the economy.

Back to the betting;

Let’s Compare Bets tips their hat toward the conservatives to win the December 2019 election.  Get your best odds on Betfair.com our preferred partner for political betting. Visit them here.

Betting on the financial markets is another idea.  International finance will be in favour of a Conservative victory. Pension funds globally are starved of quality income producing financial assets.  SSE the UK publicly listed utility company is one such source of income.  A conservative win could be beneficial for the company share price due to an influx of funds from overseas. Shares in SSE have a dividend yield many times higher than anything paid from a bank account.  So, the bet would be buy shares of SSE between now and the election and set a tight stop loss order that will sell the shares automatically if it drops by more than a certain amount (a feature offered by all good online share dealing services).  Anyone familiar with spread betting could hedge their bets with a spread bet on the short side.

Here’s a third option for people who haven’t the foggiest who’s going to win.  Check out the Let’s Compare Bets featured review.

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A goose that lays golden eggs

Wow, who would have thought that the metal that is added to other metals like nickel, silver, palladium, copper or zinc to make jewelry could have such an important and engaging history.  Similar to diamonds: gold’s origins come from starting conditions that are very rare and have given it properties that people desire.

Find gold in jewelry because it looks good, it doesn’t irritate the skin and it doesn’t tarnish, it can be bought and sold easily, melted down and fashioned into items that people want to wear.

Gold has a huge historical context originating from ancient times including spoken stories thought to originate from Ancient Greece and before.  Stories involving gold have endured due to their significance with respect to how people interact with each other, often have moral connotations.

This historical context means gold is as relevant today as it’s ever been.  Take a moment to ponder gold’s story in history.  Featuring in tales of pirates, virtues, morals and molding legends that have come to be taught in schools as a favourite of the curriculum.  Gold’s prominent place in children’s stories and use in computer games, think Sonic the Hedge Hog and Minecraft.

Gold can be linked to many different areas of our lives going unnoticed to the majority of people.  Shaping the interactions between countries and changing the course of history on countless occasions: funding wars and causing war.  A metal that produces strong idiosyncratic psychological affects on individuals.

Gold leaf is used to adorn buildings, books, and art work taking centre stage in religious iconography and state craft of countries around the world.  Not to mention world heritage and the building blocks of civilisation.

How can normal people take a bet on gold?  Anyone can buy gold coins.  Some may find buying gold coins expensive.  There is another way.  Buying shares of mining companies.

Beware, buying shares of mining companies is a great way to bet on gold.  Think of it a bit like betting on horses in the United Kingsdom’s Grand National National Hunt horse race.  Punters choose the horse based on form, jockeys, trainers, funny sounded names or names they can’t even pronounce.  On the day the gates open and they’re off.  Three horses fall at the Becher’s Brook fence, jockeys flying everywhere, and some unfortunately don’t make it.  Come The Chair fence you’ve got riderless horses veering off in all directions.  Come the final fences you are left with the creme del la creme of race horse and jockey partnerships but it’s all still a bit of luck as to who romps home winner

Share price performance of mining shares can be volatile.  This is due to operational gearing.  On the company balance sheet you get metal in the ground, land, machinery, and debt.  All of which has a certain cost to operate and maintain which stays relatively fixed.  If metal prices go down say good bye to cash flow let alone free cash flow.  If metal prices remain stable or go up say hello to increased cash flow and company valuations, and, hence share price performance is attractive.  Junior mining companies stay unprofitable for years.  All that stands in the way of producing cash flow is finding an economically viable deposit of metal, getting permits, building mines and infrastructure; all the time relaying on the price of metal to justify all the effort.

Here’s our bet on a mining company registered in Canada and available most people via brokerage accounts.

Fortuna Silver Mines inc.  (ticker FSM)

Involved in the exploration, extraction, and processing of precious and base metal deposits.

Currently mining Silver, some gold, lead and zinc.  With the addition of the Lindero gold project in Argentina; gold production will be ramping up in 2020.

Currently the economic back drop is advantageous for gold and silver due to the trend of monetary authorities increasing currency units deemed necessary to fund expenditures including education of residents, welfare and foreign policy.  The implications of this have caused certain changes recently including geopolitical tensions and changes to international economic policy.

As currency is created via the creation of debt the dynamic between the debtor and creditor has become strained.  Relatively large amounts of debt have depressed economic growth and caused the capacity of some to service or repay debt to be reduced.  Due to debt driven financial crisis a lot of risk (debt securities) have been moved on to the balance sheet of central banks from business and households.  A relative loss in confidence by international monetary authorities regarding this phenomenon (increasing currency units) has caused central banks to buy a lot of gold.  Increasing demand for Gold. With unchained supply of currency the value of currencies in general drop over the longer run: naturally central banks are seeking to bolster physical reserve assets, which help to maintain confidence in their ability to run the monetary show.

Recently a strange thing has happened in monetary terms.  Sovereign debt securities in a relatively large and increasing portion of the world pay no interest or have negative interest rates.  Causing a big problems for institutions running pensions, because bad returns on traditionally safe assets like sovereign debt securities means lower pension pots and income for people in retirement.  With no income, and concerns about the viability of the financial system under these circumstances money flows to where returns are expected to be higher with attractive risk and or volatility expected in the price.

A possible paradigm shift may occur within the next 10 years from a period of decreasing inflation and real interest rates to increasing consumer price inflation and increasing interest rates.  A phenomenon that requires some engineering by monetary authorities to push inflation into the system because it’s not being driving by increased demand or wage increases.  Think tariffs, subsides, protectionist policy and big spending on infrastructure funded by increasingly large budget deficits.

These are just some reasons why the trend in gold prices will accelerate.  Suffice to say the story is complex, but, the trend remains in tact.  Gold is a monetary metal and is classified as such by international monetary authorities.  Silver is known as the poor mans gold.  Silver costs so much less than gold and for the man on the street this means he can by 71 Britania 2019 1 ounce silver coins for the price of 1 Britannia 2019 Oriental Border 1 ounce gold coin.  If economic conditions get really bad silver’s previous role as a monetary metal may come into prominence again, all be it unofficially.  That said, the spread in price between silver and gold should narrow, and under current conditions silver should get repriced upwards.

Bringing readers back to Fortuna let’s take a look at the other metals Fortuna digs out of the ground. The future is bright for gold as a monetary metal.  Silver’s main role is as an industrial metal used in printed circuit boards, cell phones, computer chips, medical equipment and more.  A typical iphone contains 0.34g of silver.

Due to Silver’s historical price correlation with gold expect the price of silver to spike if gold prices increase significantly, but, don’t expect it to take long, because silver a product that is significantly important to business and hence nation’s security.

Fortuna also produces lead and zinc.  Both of which are closely linked to the economic cycle.  As the world economy is in a slowdown the price of the three industrial metals that Fortuna produce have fallen.  Falling prices produce lower cash flow and a lower share price.

Why is Fortuna attractive? 

Jurisdiction; relatively safe, and lower costs due to currency differences.  Fortuna’s Lindero project is in Argentina which has seen it’s currency drop significantly.  Cost’s in Peso’s and sales of metal in dollars.  Helping them build a mine and processing facilities using cash flow and which large amounts of debt.

Management; have a history of profitably mining metals over time in the regions in which they operate.  Not chasing trophy assets which require large amounts of money to develop and operate.

Cash flow – they produce cash flow unlike many precious metal mining companies

They are developing the Lindero project without using lots of debt and financing it organically using cash flow.

Cash flows remain positive even after the drop in zinc and lead prices.

Exploration potential in their existing land bank.

What catalysts could push the share price higher?

Execution of the Lindero project going as planned.  It’s expected to significantly increase Fortuna’s gold production at a time where gold prices are breaking higher.

When the world economy turns the business cycle industrial metal prices will reflate due to increasing deman.

Regarding monetary policy.  The USA has relatively higher rates on it’s severeign debt, but, is expected to start decreasing rates and an ease monetary policy in other ways, which will cause money to flow into precious metals markets.

Very few institutions dedicate funds to metal mining companies and the market capitilisation of gold miners compared to the market as a whole is historically low.  That said, the sector requires only a small shift in sentiment by the big players to have a large affect on price.  In other words, an asymmetric risk return profile.

Don’t forget one of the morals of the story of the Goose That Laid Golden Eggs; the folly of being over greedy, putting all one’s eggs into one basket, and the implications this could have to the punter’s personal finances.

Readers who want an interesting play on the theme of unhinged inflation of currency units around the world, who, don’t want a punt on gold miners, should check out the Profit Accumulator review.

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Cheltenham Festival horse racing

Prestbury Park proudly set in the Cotswold Hill host the Cheltenham Festival each year.  Magners Cider Sponsors the event with entertainment including bars and live music.  Occurring over 4 days in March each year Presbury Park hosts this first class jump racing event.

Icons of The Festival including Ladies Day on Day 2 and a stalwart of National Jump Racing the Cheltenham Gold Cup on day 4.

Over 260000 visitors flock just to the North of the historic town of Cheltenham each year to enjoy the best horse, jockeys and trainers the sport has to offer.  Not to mention the 25000 Irish men and women who fly to the UK to enjoy the event, especially St Patrick’s  Day on day 3.

Each day sports a number of races so there is plenty of action for Punter enjoying the event from home, or at the bookies.

The original Cheltenham Gold Cup trophy has been held in private hands in recent years. Instead of sitting in a bank vault the trophy will be presented to the future Gold Cup winners.  As a perpetual gold cup the original trophy will be retained by Cheltenham Race Course with the winner receiving a replica to keep.

Get the most out of the ante post market with our recommended bookmaker Betfair.  Click here to visit Betfair or read our Cheltenham Festival betting bonus page.

 

 

 

 

 

 

 

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Who would want to revive the 1970s?

Jeremy Corbyn, has been well known during his long political career to have rejected wearing a tie. Only since he landed the job of leading the Labour party has he started wearing one. Tellingly he also wears corduroy, not because he wants to look like a school teacher or that he, like corduroy, is durable yet soft, but as a subtle indication as to his political leanings.

Fashion styles can be used as a leading indicator for stock markets and the economy (an indicator of what the future holds). It just so happens that corduroy is making a come back. Among a diverse and long history spanning hundreds of years corduroy was a symbol of the anti-establishment movement in the 1960s and 1970s.  Historians who support and defend the 1970’s defend the quirky fashions and time when recorded music was central to cultural changes.

Radical politicians are back in fashion and the odds have increased that what seems like radical political ideas will cause the UK to repeat history. Citizen Smith (character from the 1970s British TV series) would be proud.

Labour started their decidedly socialist and popular political rhetoric during Ed Miliband’s election campaign. Rail fares and energy prices would be frozen, and, a possible scaling back on Great Birtain’s NATO commitments. Indicating that the political landscape is changing in the UK these manifesto pledges where offering voters something new.

Power to the people

An oft used slogan which gained traction in the United States and was used in the title sequence of Citisen Smith, the 1970’s TV series. American teenagers would use the slogan as a form of rebellion against the older generation, especially the establishment.

No surprise then that Jeremy Corbyn is campaigning heavily to the younger generation. A generation annoyed at poor job opportunities and even lower prospects of increasing pay. Pay increases sufficient enough to pay off their university debts. O Jeremy Corbyn was at Glastonbury of all places to rally Britain’s youth. Labour placards also regularly feature outside music festivals.

The same slogan was came to fame in the 1960s as pro-democracy students used it to protest against the Vietnam War. A costly war that heralded a difference economic period in the USA. The counterculture at the time adopted John Lennon’s songs in the anti war movement (viz Power to the People 1971, written and performed by John Lennon).

Jeremy Corbyn has upped the ante on socialist policies and is returning the Labour party to old Labour. Policies suggesting a revival in 1970s politics include.

  • Bringing more NHS services under government control.
  • Re-nationalising public utilities like the Royal Mail and energy companies
  • Creating the ‘people’s railway’
  • Price caps on energy
  • Plans to pass more power to unions and impose price caps on firms doing work for the Government.
  • Restrictions on calling strikes would be scrapped.
  • Massive spending increases funded by large taxes on corporations and the ‘rich’
  • A pledge for rent controls.

Karl Marx eat your heart out. Mr Corbyn regards Karl Marx as a great economist, something he said on the Andrew Marr Show. Marx is one of the founding fathers of radical socialism. Full of ideologies that have never really worked in a real world environment, but, only in the Ivory Tower of philosophical thinking.

Tereasa May’s feathers where severely ruffled during the last election where the conservative party lost it’s majority.  May is now getting in on the act with planned price caps on energy companies and rail fares, although, they would be implemented in a much more market friendly way. Tereasa May dislikes the unacceptable face of capitalism and wants to hand more power to workers by tackling some of the inequalities in the system such as high executive pay.

Weighing up Tereasa May and Jeremy Corbyns policies and policy pledges, Mr Corbyn is the politician most likely kick off a decade of 1970’s type politics. Our view, at LetsCompareBets.com, is that this is a genuinely well meaning, but probably caused by a misguided notion of National duty with a peppering of opportunism.

So what was up with the 1970’s?

A decade where the nation was in flux. It was a difficult time for young people who where hurt by the sharp end of a recession and unemployment. Stanley Kubrick directed A Clockwork Orange in 1971 (for a reason!).

A period of economic stagnation that put an end to the general post World War economic boom. Known as a period of stagflation where people could not find jobs at a time when prices (of staples, food, energy and transport) where going sky high. People with jobs got large pay rises to keep pace with inflation which reinforced the problem of rising prices.

Three day working week anyone?

Trade Unions had more power than they do now. Due to the miners strike announced December 1973 a three day working week was imposed due to worries over power shortages.

A large trade deficit was accompanied by inflation that peaked at 20% and quickly rising national debt.

Strikes continued to bring the economy to it’s knees and unemployment quickly increased further. Heralding what is known as the Winter of Discontent. Westminster City Council had to use public parks to pile up all the waste that striking waste collectors had left sat outside peoples homes. It wasn’t just the streets filling with rubbish: Schools closed and the dead where left unburied.

Essentially the Government was a massive employer through all the nationalised industries and was held over a barrel by the trade unions. The haves kept a low profile and the have nots got seriously pissed off.

Generally speaking the end of 1970’s where a period of de -leveraging where the United Kingdom had to sort out it’s debts and feel some pain before the economic cycle climbed the other side of the hole it was in. Politics of this period undoubtedly made the process much worse than it needed to be.

Inflation of 20% caused high interest rates in turn causing property prices to collapse which triggered a secondary banking crisis. The top 30 companies in the FTSE stock market saw share price declines of 73%.  The stock market whipsawed back and forth for the rest of the decade.  A sterling crisis was triggered because international markets didn’t want to see the foreign currency reserves destroyed by high inflation.

What is proposed now that makes it all look like a return to the 1970’s?

Free markets are supposed to look after themselves and there are periods of expansion and wealth creation, and periods of contraction. Government is kept at arms length but can use regulation, incentives and giveaways in order to manipulate the economy to benefit sections of society that need a break. Meddling with prices and controlling whole industries centrally (like Mr Corbyn has suggested) distorts the market and leads to more trouble down the road. Money isn’t allocated in the right way, for instance,cap prices and investment seizes up.  When the price cap is removed prices jump much higher to offset the period of under investment. Services suffer. Think energy crises, transport system without the correct safety measures, a tax consuming monster of a public health service, and a shortage of rental property (because landlords are discouraged from investing in properties to let). More and more demands on taxes that just are not being collected due to unemployment, inflation and strikes.

What is the difference now?

Inflation is kept under control by our open borders (something we will lose to some extent with the current trajectory of Brexit talks), globalised supply chains, international finance, and technological progress. Brexit may be seized upon as an opportunity to ride the coat tails of a reinvigorated global economy by allowing the UK to cut trade deals with the rest of the World.

We have not had an oil crisis, like there was in the 1970s. Fuel prices have dropped dramatically from the highs seen before the last economic crash, in turn taking many inflationary pressures out of the system. Food prices are nicely under control due to supermarket price wars and German discount retailers disrupting markets.

Economists ,politicians and central bankers have more powers to engineer better economic outcomes than anyone in the 1970’s was ever able to do. Potential flies in the ointment include flash points that cause key players in the system to stop playing ball. These include trade wars primarily between the USA and China, further tension between the USA, Russia and China over the Korean peninsular. The global economy may not look nearly as welcoming if major trading partners are in the middle of major geopolitcal spats.

Who’s going to win the next general election?

Polls indicated a major Labour wipe out in the last election and the conservatives where on track to win a majority. A shock early election (pre Brexit) called by Tereasa May designed to strengthen her mandate for Brexit, had the opposite affect and severely weakened her position. A conservative majority was just a dream and the Brexit negotiations just got far more difficult. Now hard Brexit is firmly underway odds of a Labour victory next time round just got shorter.

But seriously, who would want to go back to the 1970’s! People don’t have much power if they can’t get a job, worry that they’ll be able to keep the lights on, and have their rubbish is building up on the door step. Surely Mr Corbyn can not be rallying a section of society who stands to lose the most by his policies.

Odds for who is going to be the next Prime Minister after the general elections show David Davis favourite at 5.8 with Jeremy Corbyn not fair behind at 6. I can see Mr Corbyn’s odds shortening as Brexit Negotiations progress, but, I would bet on Mr Corbyn becoming the next PM. There will be plenty of time before the next general election as the conservatives will want to kick that particular can down the road for as long as possible. Tereasa May isn’t currently in the running, but it may not be wise to write her off just yet.  Our preferred bookmaker is Betfair where you can back or lay your opinion and cash out at any time.  Visit Betfair to get the information.

Interested in a different angel to take at playing the political upheaval? There are two companies who’s share prices have been negatively affected by recent political rhetoric.  Buying shares off Royal Mail and SSE would be like taking a bet that Mr Corbyn would not win the next general election without that part where you would lose all your stake if he does win.

Royal Mail are currently having problems with the workers union over pension entitlements, and SSE, the energy company, face prospect of energy price caps. Both pay high and sustainable dividends. With a conservative victory negative sentiment over political risk would be removed which could be positive for the share price. Not interest in Shocks and Scares? Then check out our Profit Accumulator review, another way to think outside of the box. Visit our Profit Accumulator review.

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