British bookmakers say gamblers have posted at least $10 million in bets on the outcome of the U.S. presidential election.

A spokesman for the Ladbrokes gambling house says they have received more bets than ever for a political contest. He adds the size of bets this year may be double that of the previous U.S. presidential election.

In one case, the London-based William Hill firm said it received $25,000 from a Chicago bettor, expecting President Bush to win.

The odds from the two British firms show Mr. Bush is favored to win re-election to another four-year term, despite a late surge in bets for Democratic party challenger, John Kerry.

Some of this information provided by AP and AFP.