Canadian bettor wages $110,000 US on Bush re-election
LONDON (AP) - A Canadian bettor has gambled $110,000 US, about $150,000 Cdn, that President George W. Bush (news - web sites) will win re-election in November, the largest wager Ladbrokes bookmakers has ever taken on an American vote, it said Friday.
Ladbrokes placed odds of 8 to 11 on a Bush victory, meaning the bookies think the Republican president is slightly more likely to win than his Democratic opponent, U.S. Senator John Kerry (news - web sites).
If Bush wins, the bettor will get his money back plus $80,000 US. The size of the bet prompted Ladbrokes to boost its odds on a Bush re-election from the previous 4 to 6, it said. The odds on a Kerry victory are 11 to 10.
"The last U.S. election was almost too close to call and this one looks no different," said Ladbrokes spokesman Robin Hutchison.
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