General Election Politics By Graham Sharpe

Politcial Punters Put Bookies On High Alert

THE GENERAL ELECTION has smashed all previous records for betting. William Hill, the nation's biggest bookmakers, expect that up to £25million will be gambled on the outcome - and they face some substantial pay outs from specialist political punters.

One Hill's client has staked the biggest ever General Election bet, of £200,000 that there will be a Hung Parliament, and stands to get back £244,444; another client has £50,000 on a Hung Parliament, to get back £56,250, and yet another £23,000 to collect £51,000.

A Devon customer of William Hill has bet £85,000 on the Conservatives  to be the largest single Party and will receive £153,000 if correct; another £20,000 bet from a Southgate based client would return £27,272.

Hills have a £10,000 bet , placed in a Yorkshire betting shop, on David Cameron to be Prime Minister on August 1 at odds of Even money, which returns £20,000 - while a London client has bet £9673 that Ed Miliband will be in Number 10 on that date. This bet pays £14,832.

Another customer with £10,000 on the Tories to win an overall majority stands to collect £65,000.

And on Tuesday Hills took a £5000 wager on a Conservative-Lib Dem government at odds of 10/3, returning £21,666.

'We expect to take even more four and five figure bets on the run-in to the Election, while voting is taking place - and when the results are announced but before the make-up of the next government is known' said Hll's spokesman Graham Sharpe.'But there is no doubt that this is already the biggest betting General Election - or, as have called it, the first Political Grand National!'

'Political betting is now our most popular non-sporting event, beating even Royal Baby and Reality tv betting!' added Sharpe.

GENERAL ELECTION OUTCOME......1/12 Hung Parliament; 15/8 Labour minority; 10/3 Con-LD coalition; 4/1 Con minority; 7/1 Con majority; 9/1 Coalition involving SNP; 20/1 Coalition involving Ukip; 25/1 Coalition involving DUP; 33/1 Con-Lab coalition; 33/1 Labour majority; 66/1 Coalition involving Greens; 500/1 Ukip majority; 500/1  Lib Dem majority.

Further information on political betting