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POLITICAL BETTING: People are placing huge bets worth up to £70,000 on a Conservative majority in June

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POLITICAL BETTING: People are placing huge bets worth up to £70,000 on a Conservative majority in June

theresa may17

Reuters

Britain’s Prime Minster Theresa May in Dudley on April 22, 2017.

LONDON — Following the Conservatives’ landslide victory in local elections on Friday, bookmakers are offering odds of just 1/12 on a Conservative victory in June’s general election, meaning that a £1 bet would return a mere £1.08.

That hasn’t put people off betting on the party: Bookmaker William Hill has taken several huge bets, including one £70,000 bet and a £36,000 wager placed on Friday by an online customer in Fulham.

William Hill spokesman Joe Crilly said: “While a Conservative majority looks relatively unbackable to your average punter, the big bets have started to come out of the woodwork with one punter in Fulham this morning risking £36,000 to join our countless other five-figure wagers, including one of £70,000.”

“It’s an oft-used term, but people really do see a Tory majority as ‘buying money’,” he said.

Labour’s odds of gaining a majority are 14/1.

These were William Hill’s general election odds on Friday:

Conservative majority: 1/14 (£1 would return £1.07)

No overall majority: 8/1 (£1 would return £9)

Labour majority: 14/1 (£1 would return £15)

Liberal Democrat majority: 50/1 (£1 would return £51)

UKIP majority: 150/1 (£1 would return £151)

NOW WATCH: A UK pensioner designed and built his own 20mph steam-powered bicycle

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Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.



✍ Sumber Pautan : ☕ Business InsiderBusiness Insider

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theresa may17

Reuters

Britain’s Prime Minster Theresa May in Dudley on April 22, 2017.

LONDON — Following the Conservatives’ landslide victory in local elections on Friday, bookmakers are offering odds of just 1/12 on a Conservative victory in June’s general election, meaning that a £1 bet would return a mere £1.08.

That hasn’t put people off betting on the party: Bookmaker William Hill has taken several huge bets, including one £70,000 bet and a £36,000 wager placed on Friday by an online customer in Fulham.

William Hill spokesman Joe Crilly said: “While a Conservative majority looks relatively unbackable to your average punter, the big bets have started to come out of the woodwork with one punter in Fulham this morning risking £36,000 to join our countless other five-figure wagers, including one of £70,000.”

“It’s an oft-used term, but people really do see a Tory majority as ‘buying money’,” he said.

Labour’s odds of gaining a majority are 14/1.

These were William Hill’s general election odds on Friday:

Conservative majority: 1/14 (£1 would return £1.07)

No overall majority: 8/1 (£1 would return £9)

Labour majority: 14/1 (£1 would return £15)

Liberal Democrat majority: 50/1 (£1 would return £51)

UKIP majority: 150/1 (£1 would return £151)

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NOW WATCH: A UK pensioner designed and built his own 20mph steam-powered bicycle

Please enable Javascript to watch this video

Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.



✍ Sumber Pautan : ☕ Business InsiderBusiness Insider

Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2pgG3pX

(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!



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