POLITICAL BETTING: People are placing huge bets worth up to 70,000 on a Conservative majority in June

LONDON ' Following the Conservatives' landslide victory in local elections on Friday, bookmakers are offering odds ofjust 1/12 on a Conservative victory in June's general election, meaning that a 1 bet would return a mere1.08.That hasn't put people off betting on the party: Bookmaker William Hill has taken several huge bets, including one 70,000 bet and a 36,000 wager placed on Friday by an online customer in Fulham.William Hill spokesman Joe Crilly said: "While a Conservative majority looks relatively unbackable to your average punter, the big bets have started to come out of the woodwork with one punter in Fulham this morning risking 36,000 to join our countless other five-figure wagers, including one of 70,000.""It's an oft-used term, but people really do see a Tory majority as 'buying money'," he said.Labour's odds of gaining a majority are 14/1.These were William Hill's general election odds on Friday:Conservative majority: 1/14 (1 would return 1.07)No overall majority: 8/1 (1 would return 9)Labour majority: 14/1 (1 would return 15)Liberal Democrat majority: 50/1 (1 would return 51)UKIP majority: 150/1 (1 would return 151)Join the conversation about this storyNOW WATCH: British engineer designed and built his own 20mph steam-powered bicycle
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