Trump is really beating Hillary... in the betting markets
Just shy of €100,000 in bets came in, with 91 per cent of them for Trump.
“This election’s been a serious betting anomaly,” said Féilim Mac An Iomaire, a spokesman for the company.
Even before 28 October, when FBI Director James Comey announced the discovery of new e-mails he deemed “pertinent” to a closed probe of Democratic nominee Hillary Clinton, money placed on a Trump victory amounted to almost the same as that bet on his rival, despite her lead in opinion polls.
““You don’t normally see so much placed on the outside candidate but I think the shock of Brexit is fresh in people’s minds, Mac An Iomaire said
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The S&P 500 is on track for its longest losing streak since 2011 as market participants fret about a possible Trump Presidency.
The Brexit vote bruised professional pollsters by dealing an unexpected blow to the status quo. But another lesson from that vote is that betting flows aren’t a foolproof indicator, since bookies reported a last minute surge in bets that the UK electorate would choose to remain in the European Union. The next day, the “Leave” camp emerged triumphant.
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