Dear Economist: Should I bet against my party winning?

As canvassing for the general election gathers speed, I’ve been thinking about the gambling possibilities. Without going into specifics, I’m considering placing bets on the rival team’s victory – as insurance in the event of having to live in a world not entirely to my liking.

Would this be psychologically effective, or am I wasting my money? What price should I place on my political ideals?
Justin, south-east London


The answer to this question can be read here. Please post comments below.

Tim Harford’s blog

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Tim, also known as the Undercover Economist, writes about the economics of everyday life.