British electors dont want to change their electoral system. – [PREDICTION MARKET]

Question asked on May 5, 2011 (United Kingdom Alternative Vote referendum):

At present, the UK uses the “first past the post” system to elect MPs to the House of Commons. Should the “alternative vote” system be used instead?

Here&#8217-s BetFair&#8217-s prediction market on the YES side:

Tipped by Mike Robb.

All 3 British political leaders fell for the global warming scam.

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Solar activity and cosmic rays drive the Earth’s climate.

Global warming due to human-produced CO2 is the biggest scientific imposture of all times.

These 3 political leaders are all wrong.

The URLs of the UKs General Election 2010

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http://politics.betfair.com/

http://en.wikipedia.org/wiki/United_Kingdom_general_election,_2010

Gordon Brown&#8217-s gaffe (&#8220-bigoted woman&#8221-, Gillian Duffy):

Odds on hung parliament in UK shorten after TV debate

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So what effect did the UK&#8216-s first ever televised prime ministerial debate featuring Gordon Brown, David Cameron and Nick Clegg have on the political betting market?

Before the debate, the betting market on Betfair regarding who if anybody would secure an overall majority was as follows- Conservative Majority 1.75- No Overall Majority 2.68- Labour Majority 17.0.

After the debate, the market was betting as follows: Conservative Majority 1.83- No Overall Majority 2.54- Labour Majority 17.5.

Consensus opinion held that the Liberal Democrat leader Nick Clegg had performed best, and, there is little doubt that this debate represented a significant turning points as regards the publics perception of him.   If he performs as well in the next two debates, this will have serious implications as regards the probability of a hung parliament.  Accordingly, one would anticipate that the odds on No Overall Majority are likely to shorten further ahead of the actual election.

The UK political prediction markets are starting to get fun.

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The British Republicans (&#8220-the Tories&#8221-) have dipped a bit more at BetFair, yesterday, and everybody is wondering why. (See the first comment in the second link.) Expect Max Keiser to weight in. We are going to have fun this spring, I kind of feel that in the air. :-D

UPDATE: Bad poll for the Tories.