Ted Cruz bows out of the running after being trumped in Indiana

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It was murmured yesterday that a defeat for Ted Cruz in Indiana would spell the end of his Republican Presidential campaign, and those murmurings were spot on as the Texas Senator dropped out of the race overnight.

Donald Trump surged to victory in the Hoosier state, claiming over 53 per cent of the vote, leaving Cruz trailing with 36 per cent, and the Texan ended the night by accidentally elbowing his own wife in the face. Awkward.

Trump is now hugely odds-on at 1/33 to run for the GOP this year, with John Kasich his only real rival still in the chase, and even then Kasich needs something akin to a miracle.

With Hillary Clinton also 1/33 to run for the White House for the Democrats, it’s now 12/1 that anyone other than the party favourites replace Barack Obama next year.

Democrat challenger Bernie Sanders did win in Indiana last night, but he still trails Clinton by the best part of 800 delegates, with States rapidly running out.

Trump and Clinton are each now within 200 delegates of the required total in order to secure their party’s nominee before the July conventions.

Even if the pair lost some of the upcoming States across May, California and New Jersey head to the polls on June 7 in what should be sizeable and conclusive victories for the party favourites.

Outright Presidential odds between the duo have remained stable, with Clinton 1/3 and Trump 5/2.

Those Trump odds are still an incredible reflection of his impact over the past 12 months.

Dozens of Ladbrokes customers are sitting on bets of 150/1 for Trump placed last summer, the biggest being a £200 bet from a savvy customer in Kent, who stands to win £30,000.

After Leicester City’s heroics in the Premier League, who’s to say another huge outsider won’t succeed?

Matthew Shaddick of Ladbrokes said: “Anyone who had a double on Leicester City and Donald Trump last summer would now be sitting on a potential 750,000/1 pay out. Luckily we haven’t found any of those yet.”

All Odds and Markets are correct as of the date of publishing.

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