Bookmakers Triumph in UK General Election
While not everyone will have be happy with last week’s UK General Election results few will be more disappointed than the punter who placed £70,000 on a Tory majority.
The bet was placed with William Hill after the Conservatives significantly outperformed Labour in May’s local elections. According to the bookmaker, a number of punters were convinced that the Conservatives would enjoy similar success in the general elections.
As a result, it was an extremely successful night for bookmakers. According to William Hill around £20 million was bet on the election, the majority of it backing the Tories. A company spokesman said that they had a number of five figure bets on the Conservatives winning a majority. However, he said not everyone was disappointed, such as the punter who bet £200,000 on the Conservatives winning the most seats.