Donald Trump set to cause biggest ever political betting upset
Donald Trump is set to complete the biggest upset in political betting history after it was announced that the Republican candidate has been elected the 45th President of the United States.
Betting on the US Presidential Election closed shortly after 07:00 GMT with Trump at 1/50 and Hillary Clinton at 10/1.
Punters backed Clinton into 1/10 in-running during the early hours of Wednesday morning before Trump became overwhelming favourite as swing state results were called.
Trump was initially chalked up at 150/1 when he first declared and the Republican is now on the brink of causing the biggest upset in political betting history – an accolade Jeremy Corbyn once held as the 100/1 outsider to become Labour party leader.
A sizeable 75 per cent of individual wagers on the race to the White House were on Trump while 80 per cent of the money had been for Clinton.
One online customer had wagered £120,000 on Clinton at odds of 1/6 late on Tuesday evening with over 50,000 bets placed across the entire US Election market with Ladbrokes.
Meanwhile, it’s just 6/4 for Trump to be re-elected in 2020.
Jessica Bridge of Ladbrokes said: “Betting on political markets continues to soar and spring surprises. It was a busier night than both our General Election and the Brexit vote, easily making it the biggest non-sporting event we have ever witnessed.”
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All Odds and Markets are correct as of the date of publishing