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Paddy Power payout for Boris backers

2/5/2012
Bookmakers Paddy Power have paid out on Boris Johnson retaining his position as Mayor of London, the day before the polls even open.

Describing the Conservative candidate as a “1/12 winner”, the Irish firm have handed out around £20,000 to punters who backed Johnson to defeat his main rival in the vote, Labour’s 6/1 shot Ken Livingstone.

Paddy Power have revealed that 94% of the money taken on the election in the 24 hours prior to the payout was on Johnson, adding that they would refund the 12 outright bets they’d received on Liberal Democrat candidate Brian Paddick.

Company spokesman Darren Haines said: "The betting suggests Boris is returning to City Hall. People might say one thing in opinion polls but they are rarely anything but brutally honest when parting with their own hard-earned cash."

Seven candidates are standing in tomorrow’s vote, including representatives of the Green Party, UKIP, the BNP and an independent candidate.
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