Bookmakers William Hill have taken a bet of £870 for UKIP at odds of 50/1 to come out of the General Election with an overall majority and have now slashed their price for that to happen to 40/1, the shortest odds they have ever offered.
"We can't see this happening, political pundits can't see it happening, but punters are betting with hard cash that it will happen. Bookmaking is all about managing liabilities, so therefore we have to amend our odds accordingly" said Hill's spokesman Graham Sharpe. "It is the biggest single bet we have ever taken for UKIP to win a General Election."
The biggest bets Hills have taken on the next General Election for a Tory overall majority is £500 and for Labour £300.
This one single UKIP bet would win the customer, who placed his bet in a Birmingham betting shop, £43,500, and with many other smaller bets already placed Hills are already facing a hefty six figure payout should it happen.
Hills now offer: 10/1 that UKIP will end up with No seats at all; 4/1 1 for two seats; 8/1 3 for four seats; 2/5 for five or more seats; 7/1 for 50 or more; 16/1 for 100 or more; 25/1 for UKIP to be largest single Party; 40/1 to win the Election with an overall majority.
11/4 for an EU referendum to take place
With David Cameron keeping his options open with regard to continued membership of the EU and despite an in/out Referendum being promised should the Tories win the General Election, Hills are offering 1/4 that there will be no Referendum during the lifetime of the next Government; 11/4 that there will be. In the event there IS a Referendum by 2019 Hills offer 4/7 that it will produce a 'Stay in' vote and 5/4 a 'Leave' vote.
'The whole question of whether there will be an EU Referendum or not is far from clear' said Hill's spokesman Graham Sharpe.
Outcome of the General Election:
1/2 No overall majority; 7/2 Conservative-Lib Dem coalition; 7/2 Labour majority; 9/2 Conservative majority; 9/2 Labour-Lib Dem coalition; 6/1 Coalition involving UKIP; 13/2 Coalition involving SNP; 7/1 Conservative minority government; 7/1 Labour minority government; 40/1 UKIP majority; 500/1 Lib Dem majority.
Most seats at the General Election:
10/11 Conservative; 10/11 Labour; 25/1 UKIP; 250/1 Lib Dem