Online Betting On Trump's Demise Surges

Published Thursday, May 18, 2017 -
Online Betting On Trump's Demise Surges

Gambling on something that seems obvious to even the bookies can pay off for the savvy punter watching the odds. The current fascination with current President of the USA has led to many a bet especially in the United Kingdom.  Paddy Power Betfair the iconic Irish gambling operator saw the potential for a political betting market as soon as Mr. Donald Trump became President Trump.

The loose cannon approach that the Donald is now famous for has bookies and punters sitting on the edge their seats as every tweet he makes reveals the drama that is very American. The fascination has extended to parts of the world that the Americans defend and consider valued friends. Donald Trump has many aspects and so there is a number of prop bets concerning his presidency as the 45th commander and chief of the greatest nation on the planet. Paddy Power lists Trump impeachment at 2/1 and a resignation at 15/8.

Paddy Power Betfair  told MarketWatch recently, “Impeachment has been a hugely popular topic ever since Election Day — when it was 16/1, immediately after news of Trump’s victory emerged," adding, “By the time of his inauguration, the price was at 10/1.” “We’ve been betting on impeachment for all recent U.S. presidents but, even at the height of the Lewinsky scandal, Bill Clinton was only ever 6/1 to be impeached.”

There are other online gambling operators such as the U.K.’s Ladbrokes which issued a press release that Trump is now “odds-on” to leave office before the end of his first term. Jessica Bridge of Ladbrokes commented, “Political punters are wondering how many more scandals can Trump overcome," Bridge continued, "And despite the short price on offer, money has poured in for the president to be impeached, leaving us with little option but to cut the odds.”


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