Biggest Ever General Election Bet
A London-based William Hill client has staked the biggest General Election bet ever taken - gambling £200,000 on a Hung Parliament at odds of 2/9, to make a potential profit of £44,444.
The bet was placed by the same Hill's client who staked a world record political stake of £900,000 on the outcome of the Scottish Referendum, making a profit of £193,333.33. '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' said Hill's spokesman Graham Sharpe.
Another Hill's customer from Devon has already placed 23 bets totalling £23,400 on a Hung Parliament, and stands to collect £51,000 from his wagers if his hunch proves correct.
'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 £3.25m we took on the Scottish Referendum.' said Hill's spokesman Graham Sharpe.
WITH NIGEL FARAGE claiming the other Parties 'fear' Ukip, bookmakers William Hill make them odds-on shots at 4/7 to win five or more seats at the General Election, and 7/1 to be part of a coalition government. But Hills do not expect the Lib Dems to be in government via a coalition again, offering 2/1 that they will be, and 4/11 that they will not.
Meanwhile, although Hill's have already dubbed the General Election, the first Political Grand National, with bets already taken on eleven potential outcomes, they have now added a twelfth - offering 33/1 that there will be a Conservative-Labour coalition.
And Hills have again shortened the odds for a Hung Parliament - not at a lowest price of 1/5 after being cut from 2/9 following a £200,000 bet- the largest ever taken on a General Election - at those odds.
GENERAL ELECTION OUTCOME...1/5 Hung Parliament; 4/1 Con-LD Coalition; 9/2 Coalition involving SNP; 9/2 Con minority govt; 11/2 Con majority; Lab minority govt; 11/2 Lab-LD coalition; 7/1 Coalition involving Ukip; 9/1 Lab majority; 20/1 Coalition involving Greens; 33/1 Con-Lab coalition; 50/1 Ukip majority; 500/1 Lib Dem majority.
HOW MANY SEATS FOR UKIP? 0- 11/1; 1-2- 7/2; 3-4 7/2; 5 OR MORE- 4/7;
LD SEATS.....9/1 0-10; 11/4 11-20; 6/4 21-30; 5/2 31-40; 10/1 41-50; 16/1 51 OR MORE.