THE MP and aide to Rishi Sunak who placed a bet on a July election has placed a second bet on the result, but admitted he does not stand to win a great deal.
Craig Williams, member for Montgomery and Glyndŵr, won £500 from a £100 stake on the timing of July’s election but was unable to get good odds on a Tory loss despite knowing the campaign would be a shambles.
He said: “It’s frustrating. There’s literally nobody better placed than me to know we’d crash and burn in this election. And as a good Tory, it’s my duty to profit from it.
“But though I could get decent odds on the suicidal timing of the election, nowhere would give me a good price on a Labour win. The bookies aren’t close to Sunak, they don’t work in Downing Street. How could they possibly know how shit we’d be?
“The best odds I could get were 1/40, meaning for every 400 quid I lay down I’ll win ten. I took it, obviously, but it’s hardly a brilliant investment.
“I’m desperate for cash, because I’ll be out of a job in three weeks. Where am I going to find one that pays good money for basically sitting in the Commons mooing like an idiot?
“Obviously I have to be careful about betting on insider knowledge, but I’d definitely have a substantial bet on Rishi crying during a TV debate. It’s what he does most days.”