I do not want to condone betting or gambling although I do support legal gambling by private parties (not the lottery – the state ought not raise funds through exploiting the people; the lottery ought to be privatized) subject to appropriate regulation. But in the UK they actually bet on politics. One of the largest gambling houses – Ladbrokes – is saying that UKIP’s chances in the special election for a new MP in Oldham West is down to 5/2. Only Labour has better odds:
UKIP odds of winning Oldham West & Royton shorten again. Now just 5/2; were 8/1 10 days ago.