Vladimir Putin's Odds to Remain Russian Leader Improve Dramatically After Coup Attempt

Written by:
Jagajeet Chiba
Published on:
Jun/26/2023

The oddsmakers at BetOnline have routinely adjusted odds on Russian President Vladimir Putin's exit date and Saturday June 24, 2023 was certainly a day of reckoning.

betonline-promo_0.gif

First Video of Putin Since Coup Attempt Surfaces

(June 24, 2023) - Russian leader Vladimir Putin addressed a youth forum dubbed the "Engineers of the future" in which he praised companies for ensuring "the stable operation" of the country's industry "in the face of severe external challenges".

It was not immediately clear when or where Putin's statement was recorded.

Putin made a national address to the Russian people on Saturday condemning the mutiny by Wagner mercenaries as a "stab in the back" and vowing to crush it.

Yevgeny Prigozhin reportedly entered into a deal to avert the crisis, however many Russian experts believe there is more to this story than meets the eye.

Putin's odds to leave office in 2023 actually got longer following the coup attempt.  He's now priced at 2-1 odds to leave before year's end.  He's at -300 to remain the Russian leader. 

Coup Attempt Shortens Odds Dramatically

(June 24, 2023) - His odds to leave before the end of 2023 were now set at -120.  They had previously been listed at +150 at Betonline.

Only Secretary-General of the Spanish Socialist Workers' Party (PSOE) Pedro Sanchez had shorter odds of being the next world leader to depart at -500.

Wagner boss Yevgeny Prigozhin said he was turning his forces around from a march toward Moscow shortly after the Belarusian government claimed President Alexander Lukashenko had reached a deal with Prigozhin to halt the advance.  But the damage appears to have already been done as Putin must sense the threat to his reign.

Earlier, Russian President Vladimir Putin vowed to punish those behind the “armed uprising”.

The Wagner private military company launched an insurrection and claimed control of military facilities in two Russian cities. Prigozhin had accused Russia's military leadership of striking a Wagner camp on Friday.

Criminal charges against Prigozhin will be dropped and he will be sent to neighboring Belarus, according to the Kremlin.

Prigozhin might be the least of Putin's problems.  In recent months there have been insurgent attacks in Russia as well.

Gambling911.com will continue to monitor.

Updated Odds January 19, 2023

Vladimir Putin Exit Date

2023

+150

2026 or Later

+160

2024

+350

2025

+400

A sourceclose to Putin once said that "the president will nominate his chosen heir already this year, instead of risking his downfall," according to the Daily Mail.

Prior Odds

BetOnline still had a Putin exit date of 2026 or later as the favorite at near EVEN odds back in August of this past year.  Their odds are specific to which year Putin ceases to be President of Russia.  BetOnline does not distinguish between a voluntary or involuntary departure from office

Vladimir Putin Exit Date

2026 or Later

+110

2023

+300

2024

+450

2022

+500

2025

+700

Close to Home

Last year, a close aide's daughter had been 'blown to pieces in Moscow car bomb' in what is the first sign of possible instability on the Russia political landscape since its invasion of Ukraine.  The Kremlin blamed Ukraine for the killing.

Darya-Dugin.jpg

Darya Dugin was driving back from festival when her car suddenly exploded on a road on outskirts of Moscow.

Her 60-year-old father, Alexander, 60, was meant to be travelling with her but had been driving in separate vehicle.  This is leading to speculation that the bombing was meant for her father.  Both had been vocally supportive of the Ukraine invasion.

Highly influential Alexander Dugin is the former chief editor of the staunchly pro-Putin Tsargrad TV network and sometimes referred to as "Putin's Brain".  He is often called "Rasputin" and is considered to be one of the architects of the was in Ukraine.

Footage apparently taken at the scene of the alleged bombing shows Darya's Land Cruiser Prado engulfed in flames by a roadside with at least one fire truck in attendance.

Mykhailo Podolyak, a top adviser to Ukrainian President Volodymyr Zelenskyy, said Dugina's death is the result of Russia's domestic instability and not any military action from his country.

From the Russian side, RT.com reported that the explosive was planted under the bottom of the car.  That news agency also reports that a recording from the SUV’s dash cam had been retrieved.  RT claims that Alexander is "largely considered a marginal figure" in Russian politics.  The Sun claims that his writings are required reading for Russian soldiers.

Alexander was giving a lecture on ‘Tradition and History’ at a family festival in Moscow Region earlier in the day.

dugina-assasination .png

- Jagajeet Chiba, Gambling911.com

Politics News

Syndicate