£400,000 gambled on no vote

A punter has placed a £400,000 bet on a No vote in the independence referendum in what is believed to be the largest political bet ever staked, bookmaker William Hill has revealed.

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A middle-aged man from Surrey wagered £400,000 at odds of 1/4 that the Scottish independence referendum will produce a No result when he visited a betting shop in south west London today to place the bet via a banker's draft.

The man, who the bookmaker said did not have a Scottish accent, stands to make a profit of £100,000.

William Hill spokesman Graham Sharpe said: "As far as we can ascertain, this is the biggest political bet ever struck.

"The previous record was a £200,000 bet also struck on a No vote in the Scottish referendum earlier in the campaign, and the same amount was gambled by a customer who backed David Cameron to become Tory leader."

The bookmaker has now shortened its odds on a No vote to 1/5, and is offering 10/3 on a Yes vote.

Mr Sharpe added: "We are now well on the way to turning over £1 million on the outcome of the Scottish referendum, which is exceeding our expectations."

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