A London-based man has bet £200,000 on the outcome of May’s general election with bookmakers William Hill. The bet was placed on there being a hung parliament after the general election. This is the largest ever bet placed on a UK general election outcome.
William Hill gave him odds of 2/9 for a hung parliament being the result of the general election, giving him a potential profit of £44,444.
The man has previously successfully bet £900,000 on Scotland to vote ‘No’ to independence on September 2014. He made a profit of £193,333.33.
A William Hill spokesman, Graham Sharpe, said:
“This gentleman now holds the record largest stake ever gambled on both the Scottish Referendum and the General Election, and has effectively staked his winnings from the Referendum on a Hung Parliament”.
It is with good reason that bookmakers are giving a hung parliament as the odds-on outcome. The latest election forecast from ‘Elections Etc’, run by Oxford professor Steve Fisher, has put the Conservatives and Labour neck-and-neck with both predicted to gain 381 seats. While the opinions polls continue to fluctuate between small Labour and Conservative leads, giving no clear picture of who will be the biggest party in May 2015, but suggesting a hung parliament is almost certain.
A braver bet would be to try and predict who will form the next government after the general election. With no clear suggestion of who will even be the largest party, the collapse of the Lib Dem vote, the staggering rise of the SNP in Scotland, the highest ever levels of UKIP support, and the steady growth of the Green party, there seems no safe bet other than there being a hung parliament after May 2015.
With some many different variables, May 2015 is set to be the most uncertain general election in recent history.