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It transpires one of Sunak’s aides placed a bet on the General Election being in July only three days before Sunak made the announcement. He is now under investigation by the Gambling Commission. Two points occurred to me:
Firstly, Williams almost tries to make light of the incident by saying he “placed a flutter” (how I hate that word, incidentally). The bet was £100. I dare say that is a lot more than a “flutter” for most of his constituents. Talk about being out of touch!
Secondly, the Gambling Commission states “If someone uses confidential information in order to gain an unfair advantage when betting, this may constitute an offence of cheating under Section 42 of the Gambling Act, which is a criminal offence.”
I am not defending Williams’s conduct but isn’t this a grey area? If a two year old has been working the house down before making its debut and the stable all lump on before it bolts up, aren’t they using information not in the public domain to their advantage?
I suppose it could be argued Williams knew for a fact that the election was going to be called, whereas in the example above the stable are in the dark about the other runners in the race. But plenty of betting coups use private knowledge to their advantage.
What an idiot. The price was reported as 5/1. If I had a 5/1 dead cert I’d have a lot more on and get my mates to do it.
Flutter is indeed a bloody awful word.
I agree stilvi that article on Middlesbrough was worrying with people living their lives where crimes against them seem part and parcel of life. The masked teenagers, one carrying a knife for protection whilst openly selling drugs with no fear of the law.
The more I know the less I understand.
Agree, there is no way he is going to be paid out and if he ever thought he would then he is even more dense than I thought. His only chance of landing the bet was to spread it in cash across various betting shops and hope it flew under the radar.
But did he really need £500 that badly? He must have been taking it in through expenses. I suppose once their snout is in the trough they want to bury it deeper.
Yes it does seem a trivial sum in the grand scheme of an MP’s salary, expenses and other benefits. Any idiot knows that online transactions are easily traceable.
Although I am slightly surprised his £100 bet even made it through given the difficulty that many have getting on these days. You would think markets such as this which are even more open to ‘insider info’ than racing would have their alarm bells ringing.
Hope you’re right Drone, apart from Farage of course. Plenty of gullible racists in Clacton but there are arguably more in Thanet where he was beaten so I live in hope
I live in hope too; just being a realist rather than an idealist, as one should always be when betting, horses or politics
If eyes are the key to the soul then Sunak is a broken man: his countenance in recent days has been dreadful
Although I am slightly surprised his £100 bet even made it through given the difficulty that many have getting on these days
My cash bet at 12/1 mentioned earlier was of a similar magnitude and was laid without a fit of the vapours or a hurried call to head office. In fact my attempt at a bit of light-hearted banter – “at least it will help keep me awake into the small hours of election night” was met with a surprisingly engaging smile from the cashier
Though I didn’t push my luck by asking if they’d lay 100/8
Another one here who dislikes the tacky term flutter
“Although I am slightly surprised his £100 bet even made it through given the difficulty that many have getting on these days.”
Perhaps he is a serial loser and did not trigger any algorithms, even in that sort of market?
General Election to take place on the fourth of July or as Craig Williams refers to it, 4/7.
Montgomeryshire and Glyndwr had been thought one of the best hopes of the true blues retaining any seats at all in Wales. Perhaps Craig might fancy a flutter on those lengthening odds now.
Sums up the tories campaign. Naive,stupid and farcical. Getting what they have deserved for a long time.
Watching the election debate last night was excruciating. Farage, as expected, was blaming all the country’s woes on immigration, while Penny Mordaunt, representing the Conservatives, turned every question into the same party line.
“Who’s going to win the Euros, Penny?”
“Well, I don’t know much about football, but I do know that Labour will put up your taxes!”Yawn.
That poll even though it is just one poll could be influential if it is maintained or supported by others. Those who do not want to vote for the main two and thinking a Reform Party vote is a waste may well now be thinking different and this has been engineered by Conservative’s dire campaign slowly digging themselves into a deeper hole.
The more I know the less I understand.
Tax, tax, tax. Is that really all they have? The Tories have cost the average person far more through things like the Truss/Kwarteng budget and Brexit than any Labour government could ever dream of through tax rises.
That’s before you account for the freezing of the tax brackets under the, er, Conservatives. That’s how thick they think the average voter is folks. Are they right? I couldn’t possibly comment.
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