Updating its ‘US 2016 Presidential Market’, Betfair’s online betting exchange has now seen Republican candidate Donald Trump drift to 5.0 (20% chance of winning) following last night’s second Presidential Debate at Washington University St Louis.
A weekend that saw the Trump campaign rocked by the Washington Post revealing audio tapes of Trump making lewd comments towards women, saw the Republican candidate hit record market long odds of 6.4 (17% chance).
Ahead of the 90 mins debate, Betfair revealed that a further £5 million had been traded on its market, which has now reached total wagering of £59 million.
Following the Trump Tapes scandal over the weekend, the Republican Nominee’s running mate Mike Pence was backed from 1000.0 to 40.0 as confidence plummeted in Donald Trump but having regained some ground during the debate, Pence now trades at 140.0.
Barry Orr, Spokesperson for Betfair, commented on the market;
“Although there was only a marginal movement during the debate, the market had already exploded into life over the weekend as Trump’s campaign trail seemingly fell off a cliff in the light of some damning footage from 2005. The out of favour Republican candidate entered Sunday night’s debate at 6.0 (5/1 or a 17% chance), his lowest price since becoming the official nominee but after a not-tragic performance from the businessman he was backed into 5.0 (4/1 or a 20% chance).
“With less than four weeks to go until the election Trump will be disappointed to have entered the second live debate at 6.0 (17% chance) his highest price since he was announced as Republican Nominee, especially given that he entered the first live debate at 2.66 (38% chance) his lowest price to date. It’s still a tight race but confidence in Trump is at an all-time low, it may be that the public is expecting more skeletons to be revealed in the coming weeks.”
- Hillary Clinton 1.27 (1/4 or 79% chance)
- Donald Trump 5.0 (4/1 or 20% chance)
- Mike Pence 140.0 (139/1 less than a 1% chance)