Almost All Last-Minute Bets On US Presidential Election Are For Donald Trump

  • 3rd November 2016
Almost All Last-Minute Bets On US Presidential Election Are For Donald Trump

Two weeks after paying out on Hilary Clinton becoming the next president of USA, Paddy Power will be getting nervous after confirming that the majority of the latest bets have been for Trump. Just shy of 100000 euros has been wagered over the last 48 hours and 91% of this money has been in favour of Trump.

Almost All Last-Minute Bets On US Presidential Election Are For Donald Trump

This comes just as Trump overtook Clinton in the latest ABC News/ Washington Post tracking poll, with Trump being supported by 46% of likely voters compared to 45% for Clinton. The succession of money also comes after FBI’s James Comey reopened the case surrounding Hilary Clinton’s email controversy.

When Paddy Power paid out on Hilary Clinton, odds for Donald Trump were 9/2 but over the last two weeks there has been continued support and he is now as short as 9/4. Whilst Hilary Clinton, who is still a strong favourite, has drifted from 1/5 to 4/11. The shorter odds in favour of Trump now suggests that it is more likely that Trump becomes president than it is for London to have a white Christmas (7/2).

One thing that is surprising about the support for Trump is that Paddy Power found that despite struggling to get support from women voters in the polls he has attracted a high amount of women supporting him in the betting market. They found 73% of bets placed by women in the presidential market came in support of Trump while only 55% of bets placed by men were backing Trump.

A spokesman for the betting company said that this election has been a serious betting anomaly. It is not often that so much money is placed on the outside candidate but he also thinks the Brexit shock may be fresh in people’s minds where the UK referendum resulted in the opposite way to what the polls suggested, however another message to come out of that vote was that betting trends are also not an indicator after bookmakers claimed that the late surge of money before that came in favour of the UK remaining in Europe.