UK bookmakers back an early White House exit for Donald Trump
British gamblers believe US President Donald Trump is now more likely
to leave office before the end of his first term in office than not, British
bookmakers said on Wednesday, after a week of tumult at the White House.
Betfair said that punters had bet more than £5,000 on an early departure for Trump in the hours after it was reported he had asked his then-FBI Director James Comey to shut down an investigation into ties between former White House national security adviser Michael Flynn and Russia.
Concerns that Trump's economic reforms could be slowed down and the possibility that he might even face the threat of impeachment has dented demand for the dollar.
On UK betting markets, the odds on Trump failing to see out his
four-year term dropped to 5/6 from evens on Betfair, implying a 55 per
cent chance that he will leave.
Betfair was also offering odds of 12/5 per cent that Trump would leave office this year, implying a 27 percent chance that he would depart. Betfair said that the odds for such an early departure had never been shorter.
Fellow bookmaker Ladbrokes said its odds on the president leaving office via impeachment or resignation before the end of his first term had also shortened in the last week to 4/5 after a flurry of bets.
Spokeswoman Jessica Bridge added that Ladbrokes had taken close to £50,000 on various wagers over Trump’s future, including whether he would be impeached and the year he might be replaced.
Betfair said that punters had bet more than £5,000 on an early departure for Trump in the hours after it was reported he had asked his then-FBI Director James Comey to shut down an investigation into ties between former White House national security adviser Michael Flynn and Russia.
Concerns that Trump's economic reforms could be slowed down and the possibility that he might even face the threat of impeachment has dented demand for the dollar.
Betfair was also offering odds of 12/5 per cent that Trump would leave office this year, implying a 27 percent chance that he would depart. Betfair said that the odds for such an early departure had never been shorter.
Fellow bookmaker Ladbrokes said its odds on the president leaving office via impeachment or resignation before the end of his first term had also shortened in the last week to 4/5 after a flurry of bets.
Spokeswoman Jessica Bridge added that Ladbrokes had taken close to £50,000 on various wagers over Trump’s future, including whether he would be impeached and the year he might be replaced.
“Barely a day goes by without a Trump scandal, but money talks, and punters are becoming increasingly convinced the president could be impeached sooner rather than later,” Bridge said.Reuters
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