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  1. ITV Report

US election: Cornwall hotel-owner wins thousands on Trump victory bets

John Mappin owns the Camelot Castle Hotel in Cornwall. Credit: Twitter

A hotel owner from Cornwall is among the big winners from the US election after placing a strong of bets on Donald Trump's win.

John Mappin, who owns the Camelot Castle Hotel in Cornwall, is now more than £100,000 better off after placing 30 bets with William Hill over the past 18 months on the billionaire businessman becoming commander-in-chief.

Trump was 150/1 to win when he announced his candidacy in June last year but overcame the odds to beat Hillary Clinton and become the 45th US President in January.

Donald Trump won the presidency with a late surge in support. Credit: ITV News

William Hill is also paying out £101,750 to a Nottingham betting shop customer who staked £37,000 - in two bets of £22,000 and £15,000 - on Mr Trump at odds of 7/4 last week.

The bookmaker said it took a record £4 million on the outcome of the US election.

Trump's win marks one of the biggest upsets in US electoral history. Credit: ITV News

Graham Sharpe from William Hill said:

Donald Trump started as a 150/1 no-hoper, but was very well-backed, albeit in smaller amounts than we accepted for long-time favourite Hillary Clinton.

This campaign absolutely decimated all previous political betting records and shows what a popular betting subject politics is.

The US election statistics reflect almost identically the division of stakes and bets for Brexit.

The odds on the day for the two candidates were almost identical to the Remain/Leave odds on EU referendum day.

Brexit became favourite for the first time just before 2am on EU referendum night, Trump at just after 2am on polling night."

– Graham Sharpe, William Hill