Politics, PR and Social Gambling

28 03 2010

You might have noticed the InVinceCable badge top right.  It’s a campaign to promote Liberal Democrat Treasury spokesman as the best candidate to be the next Chancellor of the Exchequer.

I became involved following an e-mail discussion with Philip Sheldrake, someone who I’ve still never met, but knew of by reputation.  In fact he is mentioned in my book (right) as one of the experts in social web analytics.  Philip along with Mark Pinsent, an ex Edelman Director and communications expert who lives in Bordeaux, was corralling a collection of media, PR and digital people to launch and participate in the campaign.  It launches officially tomorrow although it has been ‘live’ for about three weeks.

It’s one of the most extraordinary things that I have ever been involved in.  Pretty much everything happens on-line even the meeting are held using the Skype conference facility.  Many of the people involved don’t know each other.  We have no funding yet we managed last week to attract the attention of the BBC’s Rory Cellan-Jones.

Then on Friday after an e-mail exchange a bunch of us decided to have a little bet on Vince Cable giving the next budget speech as Chancellor in the new parliament. We decided to give the social gamble a hashtag #crowdflutter and we invited others to join in.    Within a few hours the odds on Vince had fallen from 12-1 down to 8-1.  By early afternoon #invincecable caused William Hill to do the unthinkable they suspended betting. Later in the evening the following appeared on their press room “William Hill have slashed their odds about Vince Cable delivering the next Budget from 12/1 to 7/1 after a stream of internet bets for him to do so.  For reasons not immediately apparent to us we suddenly took a slew of internet bets for Mr Cable to be Chancellor when the next Budget is delivered.”

Next stop tomorrow night’s Ask the Chancellors debate on Channel Four at 8pm.

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