Gambler Loses $318K on UK Elections

Although he was playing with the house money, after earlier Scottish bet

By John Johnson

Posted May 9, 2015 11:43 AM CDT

Copied

Gambler Loses $318K on UK Elections — From left, Labour Party leader Ed Miliband, Liberal Democrat leader Nick Clegg, and British Prime Minister David Cameron. Only Cameron was left standing after the election. (Dan Kitwood/Pool photo via AP)

You win some, you lose some. Just ask Ed Miliband and this gambler: The anonymous bettor was so sure that the UK elections would result in a hung parliament that he put down $316,500 with a bookmaker, reports USA Today via the Independent. Then the Conservatives stunned pollsters by winning an outright majority. Softening the sting: The same gambler won $297,000 by correctly predicting that the earlier Scottish referendum would end in a no vote.

"For the majority of the night we were convinced he was on to a winner, but things then spiraled against him," says a spokesman for bookmaker William Hill. "This is the biggest ever loss on a political bet, but I have spoken to the man and he will live to fight another day. He is going to take a low profile for a while."

Read These Next

Hall of Famer Dave Parker dies
That 'buy now, pay later' loan may soon hit your credit score.
Cops: Arizona 5th graders drew up plot to 'end' a classmate.
There's a problem with America's crash test dummies.

Report an error