Donald Trump Is The Favourite To Become The Next US President
Donald Trump is now the favourite to be the next president of the United States of America.
Hillary Clinton has been odds on throughout the contest, with Trump having long odds since he announced his candidacy as the Republican nominee.
Yesterday, on the eve of the election, Clinton was trading at 1.25 (1/4 or an 80 percent chance) of winning the contest, whereas Donald Trump was trading at 4.9 (4/1 or 19 percent chance).
However, Trump has captured a number of States already, making his chance of reaching the White House increasingly viable, and he is currently leading in a number of swing States.
Over £160 million has already been matched on Betfair's market for the contest, meaning it is likely it will eclipse the UK's Referendum on membership of the EU, to become the biggest political betting event in the history of gambling.
Ladbroke's had Clinton as an overwhelming favourite ahead of the contest. Its favourite has not failed to win the contest since Jimmy Carter's victory in the 1979 election.
Speaking to TheLADbible over the weekend, Ladbroke's political betting spokesperson, Alex Donohue said: "Since Brexit, lots of people have thought looking at that Donald Trump represents a similar 'anti-establishment' movement and saw that the outsider won. We've had Leicester City winning at 5000/1, so a lot of people are thinking Trump might be another big shock against the odds this year.
"If the referendum had gone in favour of Remain, then I could say confidently that Trump's odds wouldn't be as short as they are now, because there are lots of people that feel they missed the vote on a leave outcome and now they can see a second anti-establishment vote coming in the US election - and they're thinking they can make some money from it, which is driving a lot of people to bet on Donald Trump."
Looks like it's all to play for guys - your eyes might be drooping but I reckon it's worth reaching into the fridge for another tinnie, glugging down a black coffee and making yourself a cheese sarnie, because you better believe this result's going to be a big one.
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