Punter bets on abdication

 

London - A gambler convinced Britain's Queen Elizabeth will abdicate by the end of 2001 has placed the largest royal bet ever taken, the bookmakers William Hill, said.

The Welsh punter, Mr Peter Thomas (50), stands to win £72,500 if the queen steps down by December 31st next year, having placed a £2,500 bet at odds of 28/1.