Gambler lost ?57 lakh after betting on 'unlosable' UK PM May
A gambler lost £70,000 (over ?57 lakh) as he believed that the UK election was "unlosable" for PM Theresa May. British bookmaker William Hill, which took the wager from an unnamed gambler, said around £20 million (?164 crore) was wagered, the majority of it backing May. Notably, May lost her parliamentary majority after calling an early election to strengthen it.
London, Jun 11 (PTI) It seems that British Prime Minister Theresa May was not the only one who lost big in the UK polls. A punter lost a whopping 70,000 pounds betting on a Tory majority, believing the election was "unlosable" for May. British bookmaker William Hill took the wager from an unnamed punter shortly after the Conservatives crushed Labour in Mays local elections. The person was one of many who apparently believed the upcoming general election to be "unlosable", the bookmaker was quoted as saying by The Independent. The Prime Minister was riding high with a seemingly unassailable double-digit lead over Labours Jeremy Corbyn in the polls and the only question on pundits minds seemed to be, "how big will the landslide be?" Bookmakers hailed a bumper evening as large numbers of people placed big bets on the Conservatives to romp to a convincing victory which was not to be. William Hill said around 20 million pounds was wagered, the majority of it backing the Tories. Joe Crilly, a spokesperson for the bookmaker, was quoted as saying that, "The general election result was a good one for us bookies as the Tories managed to fluff their lines in what was being billed as the unlosable election." "We had a number of five figure bets on the Conservatives winning a majority, with some wagers at prices as short as 1/16, although one punter from London will be breathing a sigh of relief after backing the Conservatives to win the most seats to the tune of 200,000 pounds," he said. 