US President-Elect Trump: Big Payouts, Big Losses

Written by:
Guest
Published on:
Nov/10/2016

One British gambler won £1.2 million on Donald Trump becoming the next US President while Ireland’s lost $4.5million after that firm paid out $1million to gamblers who backed Hillary Clinton weeks before Election Day, assuming she was going to win.

Estimates on the overall money bet on the US Presidential election began to filter in Thursday with a total of $250 million wagered in the United Kingdom alone, $25 million of which came through traditional betting channels. 

In the United States, most bets are placed on offshore websites that do not typically report their financials.  Political bets are not currently permitted in Las Vegas, one of the few regulated gambling markets within the United States.

The punter who walked away with £1.2 million won that off of a handful of small wagers placed at both Spreadex and Betfair when Trump’s odds were at their longest.

Later identified as British tycoon Vincent Tchenguiz, the experienced gambler said he was surprised by the extent to which everyone had dismissed Mr Trump as the next US president.

Tchenguiz said he had previously won £1 million which he made after betting £200,000 that Greece would win Euro 2004.

- Aaron Goldstein, Gambling911.com

Politics News

Brexit - No 2nd EU Referendum Say Oddsmakers

Brexit - No 2nd EU Referendum Say Oddsmakers

Theresa May was set to rule out a no-deal Brexit to stave off rebellion and avoid a rebellion by members of parliament, who are threatening to grab control of the divorce process, The Sun and Daily Mail newspapers reported.

State of the Union Betting Odds - 2019

State of the Union Betting Odds - 2019

BetOnline has released odds on this year's State of the Union.

Trump 'Lies' Pay Out Bigly

U.S. President Donald Trump made six misstatements during his brief Address to the Nation Tuesday night, according to the Washington Post.

Like Taking Candy From a Baby: Trump 'Misstatements' Appear to Have Gone Over Betting Total

Like Taking Candy From a Baby: Trump 'Misstatements' Appear to Have Gone Over Betting Total

If you had the OVER 3.5 on the number of mistruths U.S. President would tell during his highly anticipated address to the nation, you're likely a winner...though nothing official as of Tuesday evening.

National Address Odds: Trump Will Say 'Fence' 4.5 Times, 'Beautiful Wall' At Least Once

National Address Odds: Trump Will Say 'Fence' 4.5 Times, 'Beautiful Wall' At Least Once

Gambling site has Trump saying "fence" 4.5 times, "Wall" 8 or more times

Syndicate