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Brits Gamble £10m On US Presidential ElectionNews and Articles

03 November 2008

Brits Gamble £10m On US Presidential Election

Punters with British bookies have gambled a record £10 million on the US Presidential Election, say bookmakers William Hill.

"An unprecedented £10 million has been gambled on the outcome of this Presidential Election." said William Hill's spokesman Graham Sharpe.

"We have seen bets of up to £25,000 staked on Barack Obama at odds of 4/6 and £17,500 at 13/8 on John McCain and British punters have really become intrigued by this contest. We have also taken plenty of bets from exiled Americans. Oddly enough, it is illegal to bet on the US Election in America."

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One William Hill client will make a £40,000 profit if McCain wins after staking £5000 on him at 8/1, and another will collect £20,000 from an Obama win after staking £8000 at 5/4.

William Hill currently make Barack Obama 1/9 favourite to be elected President, with John McCain 5/1.

The bookies are betting on how many Electoral College votes the candidates will get, with Obama 2/1 to get 370 or more and McCain 2/1 to get 170 or less.

Sarah Palin, John McCain's running mate, is a 12/1 chance to win the 2012 Presidential Election with William Hill, who make Barack Obama Even money favaourite, with Hillary Clinton at 7/1 and John McCain 10/1.

Arnold Schwarzenegger is a 33/1 outsider.

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