Ladbrokes have refunded all bets placed on UKIP Calypso reaching Number One in the UK singles chart.
With Mike Read distancing himself from the song and asking the record label to withdraw it from sale, the firm are voiding all wagers that were placed on the song taking the UK singles No.1 spot this weekend at 50/1.
Jessica Bridge of Ladbrokes said: "UKIP Calypso was a bad idea from day one and we've decided to refund all bets on it reaching the dizzy heights of No.1."
