Tuesday 12 December 2017

£200k bet placed on hung parliament

A punter is betting £200,000 on a hung parliament
A punter is betting £200,000 on a hung parliament

A punter has placed the biggest ever bet on the outcome of the general election, according to a bookmaker.

William Hill said the £200,000 bet on a hung parliament was made by the same anonymous individual who successfully staked £900,000 on the result of last year's Scottish independence referendum.

The London-based man was given odds of 2/9 for his latest bet, which means his potential profit is £44,444.

William Hill's spokesman Graham Sharpe said: " This gentleman now holds the record for largest stake gambled on both the Scottish referendum and the general election, and has effectively staked his winnings from the referendum on a hung parliament."

Another of the bookmaker's customers has already placed 23 bets totalling £23,400 on a hung parliament. He stands to earn a profit of £27,600 from his wagers if his hunch proves correct.

Mr Sharpe added: " The general election betting markets are really warming up now, with this new record six-figure bet boosting our optimism that betting turnover will also hit a new all-time high, and exceed the £3.25 million we took on the Scottish referendum."

The odds on a hung parliament were cut to 1/5 following the £200,000 bet.

Press Association

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