Trump, Next President

William Hill – Trump could be a new Brexit

trumpsterAhead of the third and final US Presidential Debate (University of Nevada), UK bookmaker William Hill has slashed its odds on Donald Trump becoming the 45th President of the United States from 11-2 to 4-1.

Updating its ‘2016 US Election’ market, William Hill stated that the betting patterns were reminiscent of those seen in the lead up to the UK EU Referendum on 23 June.

Despite all polls pointing to a Hillary Clinton Democrat victory, William Hill has detailed that it has recorded a significant number of smaller bets placed on Trump.

Trump bets reflect those placed on a UK Brexit during the EU Referendum, where the majority of punters went against the money and backed the Leave campaign.

Speaking to the Independent newspaper, William Hill Political Spokesman Graham Sharpe commented “It’s very, very similar to the Brexit vote. There is a metropolitan media bias that says Trump can’t win, but they can’t vote. In betting terms, this is not a done deal. I see parallels with the Brexit vote at this stage.”

“Trump at 4-1 or 11-2 will attract the smaller punters. But I don’t think that is only reason for the number of bets on him, and we have had to cut the odds on Trump three times in the last couple of days. This isn’t over.”

William Hill expresses caution on the US Election market, despite competitor Paddy Power announcing yesterday that it had closed the market paying out £800,000 to punters that had backed Clinton.

Following its decision Paddy Power warned Should Trump upset the odds and become 45th President it will trigger the biggest political payout in bookmaking history and leave its trading team with some very expensive pie on its face.

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