More Than £40 Million Bet on UK Elections

Written by:
Alistair Prescott
Published on:
UK Elections

Millions of dollars have been bet on the UK elections outcome with most of the money being wagered on a hung parliament or Conservative majority, papers in London were reporting on Thursday.  Some £40 Million had been bet thus far.

William Hill reported taking a £6,000 bet from one voter on an overall Conservative majority, which with odds of 6/4 would see them walk away with £15,000, according to the Telegraph.

A Ladbrokes spokesman admitted a hung parliament could end up costing them more than £250,000.

Ladbrokes said that more money was bet on which party would win the most seats in the hours immediately following the first political debate and that resulted in odds fluctuating dramatically. 

Paddy Power punters have even been gambling on which polling company will prove most accurate.

According to the Guardian Newspaper, Coral has slashed the odds on a hung parliament to 8-15 from 4-6. It is offering 8-15 (from 4-6) on no overall majority; 11-8 (from 11-10) against a Conservative majority; 25-1 against a Labour majority; and 66-1 against a Liberal Democrat majority and that bookmakers also says the Lib Dems are now 2-1 to win 100 seats. On turnout, 65% to 69.99% is the 7-4 favourite.

During the 2005 general election campaign only £10m was gambled.

Alistair Prescott, Gambling911.com 

Politics News

Bet on Matt Gaetz: Convicted, Jail, Re-Election

Bet on Matt Gaetz: Convicted, Jail, Re-Election, Resignation

As promised.  It's happening!!!  Our friends at BetOnline have released a whole slew of Matt Gaetz bets, and they are not holding back.  Jagajeet Chiba reports...

Bet on Caitlyn Jenner as Next California Governor

Bet on Caitlyn Jenner as Next California Governor

Former reality TV star Caitlyn Jenner is considering a serious run for California Governor in the Recall Election.  Though she does have the longest odds, the price is not bad at 6-1.

Trump Launches New Website: Bet Whether There Will Be "Tens of Millions" of Visitors

Trump Launches New Website: Bet Whether There Will Be "Tens of Millions" of Visitors

The new website mentions how "Donald J. Trump launched the most extraordinary political movement in history" with a spokesperson saying he will return to social media in two to three months on his own platform following a Twitter ban during the waning days while still US President.

Matt Gaetz Sex Probe

FBI Probing Congressman Matt Gaetz For Underage Sex Trafficking: Tucker Interview Goes Off Rails

Outspoken Republican Florida Congressman Matt Gaetz acknowledged he is under investigation by the FBI for possible sex trafficking of minors, though there is a bit of a twist.  Gaetz claims he is being extorted. Oddsmakers are monitoring this story closely as Gaetz is widely considered one of the rising stars in the GOP. 

Did Epstein Really Feed Young Girls to Alligators?

Did Epstein Really Feed Young Girls to Alligators?

The Daily Beast reports that a woman has filed a lawsuit against late predator Jeffrey Epstein claiming he had threatened to feed one of his victims to hungry alligators, and that others before her had met the same fate.