I know most people would prefer it if politics were kept well and truly out of betting but in the UK, with a general election just around the corner, how can we not have a flutter through the spread betting markets? They say it’s going to be a close election but the spreads are telling a different story.

Politics is one area where things can change almost overnight. One bad gaff by one of the leaders and it’s all over. At present, the sitting Labour Government looks to be a reasonable bet.  Sporting Index is the leader in spread betting and they have predicted that Labour will win between 220 and 225 seats. Now it’s up to you – what do you think? Will they win more or less? It’s a fairly good spread actually and with some still hanging on to a Labour victory, it would pay handsomely if you Buy at over 225.

The Conservatives are predicted to win between 327 and 332 seats. On current polls, this could be a little over so you could Sell at 327 and hope to make a killing if they don’t live up to expectations.

Spread betting is one way in which you can make a huge return – it is also one way to make a huge loss. If you look at the Labour spread of 220-225, if you were to sell, or bet down, at 220 and Labour only gains 200 seats, you will win 200 times your stake. However, if Labour wins 225 seats, you will lose 5 times your stake. This is one area where many punters get caught out, having to pay so much when a bet loses.

Keep your stakes small and bet early with spread betting. The election is still several weeks away but as it gets closer bookmakers have a better idea of what the results could be. At present, they have just as much knowledge as you do – if you’re game, put it to advantage.