|Politics has become a bit of a gamble recently. UK Home Secretary David Blunkett has been hitting the headlines in the last couple of months after he admitted to having an affair, and using the Government’s resources to fund it.|
William Hill were offering odds of 5/2 that Blunkett would resign before New Year, but support for the MP has led to a lengthening in their odds.
William Hill spokesman Graham Sharpe said, “With Christmas approaching and the news agenda starting to move on, our punters seem to think that Mr Blunkett's short-term future is safe and are backing him at 2/9 to stay in office for the rest of 2004.”
Politics is fast becoming a popular bet, with more people voting on the US elections and in the UK. In fact the odds on an election is considered an accurate way to predict what the result will be. The lengthening of the Blunkett bet is a sure sign the Home Secretary will recover from the recent scandal.