UK Bookies: 91% of Last Minute Bets Are Going for TRUMP
UK bookies say 91% of last minute bets are going for Donald Trump.
In the betting markets at least, Donald Trump is crushing Hillary Clinton.
So far this week, the Republican candidate has outshone his rival in terms of both the number and volume of wagers, according to figures revealed yesterday by Ireland’s largest bookmaker, Paddy Power Betfair Plc. Just shy of 100,000 euros ($111,000) in bets came in, with 91 percent of them for Trump.
“This election’s been a serious betting anomaly,” said Féilim Mac An Iomaire, a spokesman for the company. Even before Oct. 28, when FBI Director James Comey announced the discovery of new e-mails he deemed “pertinent” to a closed probe of Democratic nominee Hillary Clinton, money placed on a Trump victory amounted to almost the same as that bet on his rival, despite her lead in opinion polls.
“You don’t normally see so much placed on the outside candidate but I think the shock of Brexit is fresh in people’s minds,” Mac An Iomaire said. The S&P 500 is on track for its longest losing streak since 2011 as market participants fret about a possible Trump Presidency.