A Bridlington punter has lost more than £17,000 following the outcome of the EU referendum.
The unnamed William Hill customer placed £17,460 on Britain to remain in the EU, but lost with 52 per cent of the vote in favour of leaving.
A spokesman for William Hill said: “I’m afraid the Bridlington customer was unsuccessful with his bet. The EU referendum was probably the biggest political betting event so far and the punters got the better of it.
“Hills had shortened their odds for a Remain vote to 3/10 from 1/3 after taking the bet of £17,460 from a Bridlington-based customer.”
The punter had already placed £15,000 on Labour’s Sadiq Khan to become the next Mayor of London at odds of 4/11.
The election was successful for the customer with Khan winning the election to replace Boris Johnson, the Conservative who had held the post since 2008, and in turn claiming £5,434 in winnings.
The Bridlington resident’s success from May 5 prompted them to reinvest it into the EU referendum vote.
William Hill say political betting is a growing market of their business with more than £5 million taken on the last General Election.
The spokesman added: “Political betting is one of the fastest growing parts of our business - at the Scottish referendum one client staked a (successful) £900,000 bet on the outcome, while the US Election is also attracting big money bets - one client from Cornwall will win £80,000 if Donald Trump, once 200/1, now 9/4, wins.
“These days it is not at all unusual to take bets at a distance’ because of the ease of betting via the internet - and it is not improbable that the client could live in Bridlington but work in London, or vice versa.”