British punters have made a mockery of recessionary conditions with a record betting splurge on the outcome of their general election.
10 million quid was bet on the outcome of the 2005 general election. This time round, with a tighter contest predicted, bookies estimated almost £20 million would be wagered.
This estimate has been significantly upgraded in wake of a betting splurge that will see close to £40 million bet.
The bulk of the money has come late with more bet in the 24 hour period following the leaders TV debate, than in the 4 years prior to this point.
And it's not just the general public getting in on the action. According to Ladbrokes and Paddy Power many former and current MPs are having a punt.
For the first time ever in a general election, lines on all 659 constituencies are being offered, in addition to exotics like whether or not there will be a hung Parliament. According to bookies, the smart money says that there will be a Tory win.
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