Swiss man banks on Royal with British bookies

26th April 2007, Comments 0 comments

LONDON, April 26, 2007 (AFP) - A Swiss man stands to win 70,000 euros (95,000 dollars) if Socialist Party outsider Segolene Royal wins the French presidential elections, British bookmaker Ladbrokes said Wednesday.

LONDON, April 26, 2007 (AFP) - A Swiss man stands to win 70,000 euros (95,000 dollars) if Socialist Party outsider Segolene Royal wins the French presidential elections, British bookmaker Ladbrokes said Wednesday.

The 20,000-euro bet with odds of 7-2, placed by an unidentified Geneva-based telephone customer, is the largest wager made with the firm on a non-British political event, it added.

Ladbrokes has the second-round frontrunner, right-winger Nicolas Sarkozy, as favourite to win the race to the Elysee Palace, but the odds on him succeeding have lengthened from 1-6 to 2-7.

Sarkozy won 31.18 percent of the first round vote last Sunday.

Odds have now shortened on Royal, who attracted 25.97 percent of the vote in the first round, to 5-2.

Ladbrokes spokesman Robin Hutchison said: "With very few exceptions all the money has been for Sarkozy in the days after the first round -- but the tide has definitely turned now.

"We have never laid a bet of this size on a political market outside the British Isles and it demonstrates the huge interest in what were once described as novelty markets," Hutchinson said.

"There will be nothing novel if we have to hand back 90,000 euros to him when we get the official results."


Copyright AFP

SUbject: French news

0 Comments To This Article