Record £10M+ Political Gamble
William Hill client collects £1,093,333.33 as:
BOOKIES CALL RESULT RIGHT IN RECORD £10M+ POLITICAL GAMBLE
A WILLIAM HILL customer who bet a world record political bet of £900,000 on a NO vote in the Scottish Referendum is collecting £1,093,333.33 after his wagers proved successful. The man placed four bets in total - of £400,000; two of £200,000 and a fourth, of £100,000 - in the same South West London betting shop.
Another Hill's customer placed what was previously the biggest political bet ever of £200,000 in a Glasgow betting shop and will collect £236,666.
'The Referendum has broken all political betting records' said Hill's spokesman Graham Sharpe. 'We took £3million on the outcome and the industry some £10million - this is more than the last General Election and US Presidential Elections combined, and the equivalent of the amount of money gambled on a high profile televised Premier League match.'
William Hill had always made NO their odds-on favourite, with the odds fluctuating from as short as 1/12 to as long as 2/5. Overnight they remained fairly steady at 1/6, with YES at 4/1 - having also varied during the campaign from as long as 6/1 to as short as 7/4 without ever becoming favourite. 'It is ninteresting that we never wavered from our position of making NO odds-on favourite even when the pollsters were inaccurately suggesting a YES win or a photo-finish' added Sharpe.
'We're happy with the outcome as a YES result would have been financially painful'
REFERENDUM MILLION POUND PUNTER SPEAKS OUT..........
THE LONDON-BASED William Hill customer who staked £900,000 on a NO outcome in the Scottish Referendum, thus collecting £1,093,333.33 in return, and who describes himself as an 'experienced middle-aged investor', has spoken about his bet:
"...I am obviously pleased with the final outcome, but not really surprised.. The wager reflected a personal conviction about how the individual campaigns might evolve and what was important to local Scots. Anyone who tried to understand these perspectives would probably have arrived at similar conclusions..."
"...Right now though my thoughts are focused on the future. The answer to one short question on independence for Scotland has raised so many others across the Union as a whole - this is the new challenge..."
"...the nature of the debate and the consequences of the outcome have ignited my own political activism and I hope to pursue those ideals very shortly..."
The wager was made in four parts, a bet of £400,000 in June 2014 at odds of 1/ 4; two further bets of £200,000 each at the beginning and end of August, at odds of 1/6 and 1/5; and a final bet of £100,000 the day before the Referendum, also at odds of 1/5. All of the bets were placed in the same South West London branch of William Hill.