Mike Smithson, founder of politicalbetting.com, has taken advantage of fluctuating odds – backing both sides at different points when the odds have lengthened – to lock in a profit.
Labour think the levy can be used to fund elite sports development as well as grass-roots sports. So, they must be hoping for a lot of gambling in order to generate the sums needed.
William Cook was on his way to buy a ticket for “El Gordo” in a small town in Tenerife but changed his mind at the last minute. It’s a decision he’s lived to regret.
The UK's outdated gambling legislation still needs updating.