Following this weekend’s update by FBI Director James Comey, that the bureau would reopen its investigation of Hillary Clinton’s emails whilst the Democrat candidate served as Secretary of State (2009-2013).
With just one week of campaigning remaining in the 2016 US Election, bookmaker William Hill has moved to lengthen Clintons Presidency odds from 1/9 to 2/7, giving the Democrat a 77% chance of taking the White House.
The FBI update has bolstered Donald Trump’s faltering campaign which last week had hit market lows of 11/2 (15% chance of winning). Entering the last-leg of campaigning, William Hill has priced a Trump victory at 11/4.
‘For the last week Trump’s odds have been edging downwards, and the recent FBI news has accelerated the process. No one will touch Clinton, despite odds which just a week ago would have caused a stampede to get on!’ commented Graham Sharpe William Hill’s Political spokesman.
This October William Hill issued a market update stating that it saw distinct similarities between Trump betting patterns and its ‘EU Referendum’ (23 June) market, which saw the Brexit outcome upset bookmaker favoured market odds. William Hill detailed that the market similarities had moved the bookmaker to slash its odds on a Trump 2016 Victory.
‘Throughout the campaign, Clinton has attracted the heftier bets, but Trump has accounted for two thirds of all the indivudual bets placed – that percentage has certainly risen during the last 48 hours. And those stats are very similar to those recorded by us during the EU Referendum when the odds Remain was odds-on favourite, despite a large majority of the individual bets being placed on Leave, the apparent outsider. Maybe betting history is about to repeat itself.’ Sharpe added.