A gambler who bet a world record political bet of £900,000 on a No vote is set to collect more than £1 million after his wager was a success.
The unnamed man placed four bets in total – one for £400,000, two for £200,000 and a £100,000 bet – at a William Hill South West London betting shop.
He is now set to collect £1,093,333.33 – just £193,333,33 more than he bet in the first place.
Graham Sharpe from William Hill said the Referendum had broken all political betting records.
“We took £3 million on the outcome and the industry some £10 million – this is more than the last General Election and US Presidential Elections combined, and the equivalent of the amount of money gambled on a high profile televised Premier League match,” he said.
“William Hill had always made No their odds-on favourite, with the odds fluctuating from as short as 1/12 to as long as 2/5.
“Overnight they remained fairly steady at 1/6, with Yes at 4/1 – having also varied during the campaign from as long as 6/1 to as short as 7/4 without ever becoming favourite.
“It is interesting that we never wavered from our position of making No odds-on favourite even when the pollsters were inaccurately suggesting a Yes win or a photo-finish.
“We’re happy with the outcome as a Yes result would have been financially painful.”
Another referendum gambler who placed the second largest political bet in history – £200,000 in a Glasgow betting shop – is also set to collect £236,666.