Senior Conservative Philip Davies has been accused of placing an £8,000 bet that he would lose his seat at the general election.
The Tory candidate, who is defending a 6,242-vote majority in Shipley, West Yorkshire, said he is "busting a gut to win" but he "expects to lose".
Sources told the Sun the MP placed the four-figure wager that he would fail to retain his seat.
There is no suggestion that the senior Tory broke the law.
The senior Tory said he is 'busting a gut to win' the Shipley seat - but admitted he 'expects to lose'
PA
Davies told the Sun that the amount of money invovled is "nobody's business".
He said: "What’s it got to do with you whether I did or didn’t?”
"I hope to win. I’m busting a gut to win. I expect to lose.
"In the 2005 election, I busted a gut to win. I expected to lose. I had a bet on myself to lose in the 2005 election, and my bet went down the pan."
He added: "My comment will be whether I have or haven’t, it’s nobody’s business apart from mine.
"And if anyone’s alleging I’ve done anything illegal, they’re very welcome to allege it, but I’m afraid I haven’t."
Earlier this week, Scottish Secretary Alister Jack admitted to having placed three bets on the date of the general election.
One of the bets was succesful. He is not being in investgiated by the Gambling Commission.
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Five Conservatives are currently under investigation over alleged bets.
GB News has contacted Davies for comment.
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