Bookies Stand to Take Huge Hit if Donald Trump Becomes President
Some people think Donald Trump winning the 2016 Presidential Election would be bad for the United States. It’d be bad for bookies across the board, as well.
Trump Wins, Bookies Lose
Per reports, the bets on Trump becoming the next President of the United States are growing at a rapid rate – so much so that bookies had to adjust his odds to win the race.
CalvinAyre.com specifically pointed out that William Hill, Ladbrokes and Paddy Power are now preparing for a potential Trump win and the losses that could follow it.
A Trump win, per Féilim Mac An Iomaire, a spokesperson for Paddy Power, would be the “worst political result” in bookmaking history.
The growing interest in a Trump win has pushed Trumps odds of winning at Paddy Power from 23% in March to 35%.
Trump vs. Clinton Odds
Donald Trump will officially be taking on Hillary Clinton to make up both sides of this election’s ticket, leaving little chance that anyone other than Trump or Clinton will win over the White House by the time everything is said and done.
With the increased Trump bets rolling in, it makes sense that the odds to win the race have closed a bit, with Bovada offering up bets for which side – Democratic Party or Republican Party – will emerge as the winner in November:
- Democratic Party (Clinton) -260 odds to win
- Republican Party (Trump) +200 odds to win
Bovada still favors Clinton to take home the Presidency, but the odds have clearly shrunken down considerably.
Why Not Trump?
The odds have remained stacked against Trump for a plethora of obvious reasons. For one, he has zero experience in working in government, let alone any high level experience like Clinton has.
Every other Republican candidate had more experience that Trump going into the primaries, yet Trump prevailed and is the lone Republican candidate going into the election.
In addition, Trump has been more of a television personality than a suitable presidential candidate during this entire process, leaning hard on American pride than actual concrete ideas.
Trump has also come off as at least mildly racist to the mainstream media and many of his ideas have been met with scoffs or skepticism.
While his core message of making America “great again” resonate with a large base in the United States, it is still tough to see him overcoming a more experienced and polished Clinton.
If you already bet on Trump to become President of the United States, it’s looking like a fun bet that could potentially pay out a lot of money. It probably isn’t necessarily the best bet for the country, however, while betting on the election has quickly gotten less interesting in terms of betting upside.
*Photo credit – Gage Skidmore via Flickr.
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