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Baner Club > Blog > Election > A cabinet minister discloses three electoral wagers.
ElectionPolitics

A cabinet minister discloses three electoral wagers.

A Conservative cabinet minister has acknowledged that, in the weeks preceding Rishi Sunak's unexpected statement, he placed three wagers on the general election date.

Last updated: 2024/06/26 at 8:54 AM
Published June 26, 2024
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After losing two wagers of a similar nature in March, Scottish Secretary Alister Jack informed the news in April that he had successfully ventured that the election date would fall between July and September.
After serving in Parliament for seven years, Mr. Jack is resigning at the election and claims he has broken no regulations.
His initial statement to the news was that he had won £2,100 from one of the wagers; however, he later said that his remarks were “a joke… I was pulling your leg.”
Mr. Jack said on Tuesday that he had wagered £20 at five-to-one odds, which would have resulted in a profit.

He additionally stated that he had “put two bets on in March of £5 each for an election to be held in May and June respectively” .
On May 22, the prime minister unexpectedly announced the election.
“I had no knowledge of the election date until the day it was called,” Mr. Jack stated in a statement. “I placed no bets in May and am not under investigation by the Gambling Commission.”

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