General Election 2015: David Cameron has just bet £1,000 on Ed Miliband to become Prime Minister

But unfortunately it is not the Tory leader trying to cut his losses.

(Getty)

David Cameron has just placed a £1,000 bet on Ed Miliband to become Prime Minister.

But unfortunately it is not the Conservative leader trying to cut his losses; it is a punter with his namesake.

Mr Cameron, a 30-year-old engineer from Derbyshire, will make a profit of more than £900 if the Labour leader becomes Britain’s next Prime Minister, after placing the bet with odds of 10/11 with Betfair.

Mr Miliband and Mr Cameron (the Tory leader) are tied in the betting markets at odds of 10/11 each, with the third favourite being Boris Johnson, on 50/1.

Labour are slight favourites to form a minority government, with odds of 7/4. The next scenario in the betting markets is a second Conservative/Lib Dem Coalition at 7/2, followed by a Conservative minority government on odds of 4/1 and a Conservative majority on 8/1 – the same odds you can get for a Labour/Lib Dem Coalition.

Mr Cameron (the punter), a life-long Labour supporter, is hoping for a Labour win not just to make a healthy profit but also to shed his “Tory boy” nickname.

“It actually gets me a lot of stick from the guys in the office, but I’ve voted Labour all my life,” he said. “I’m confident Ed Miliband will be our next Prime Minister - so much so I’ve put £1,000 of my hard earned money on it. Hopefully that will stop the “tory boy” name tag.”

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