Paddy Power taps Nigel Farage as "Head of Trump Betting"

"After a disastrous year of political cock-ups – two words for you: Brexit and Trump – we are determined not to make the same mistakes again in 2017, and have turned to a political heavyweight to guide us," reads a statement by Paddy Power.

The bookmaker decided to recruit Nigel Farage, who correctly predicted the results of both the EU Referendum and the US Presidential Election, to revitalize the traders’ approach to political betting.

Part of that will be championing a radical new policy – something he has form for – while also leading the company's recruitment drive for the Head of Trump Betting vacancy

He has already made wide-ranging changes to Paddy Power's Trump micro-site.

They include slashing the price on the President to serve a second term (10/11 in from 13/8), advocating paying out early on the US building a Mexican border wall this year, and removing all markets on Russian collusion – which he calls ‘Fake News’.

Nigel Farage, MEP, said: “So Paddy Power lost $4.5million (£3.6million) on Trump’s election last year – another example of EU-based idiocy.

“Clearly, they need help – and independence from the anti-Trump narrative that has dogged their thinking recently.

“As the only British politician with a direct line to the Donald – sorry, Theresa! – I’m the perfect man to lead this recruitment intiative.

“For instance, given the Donald’s blistering start to his time in office, I’ve recommended that Paddy Power scrap their impeachment market – it’s clearly not going to happen.”

Spokesman Paddy Power said: “I’m sure the irony of Nigel taking a job in the EU isn’t lost on him, but we’re looking forward to channelling his expertise.

“He’s already made his mark on our approach – here’s hoping he doesn’t resign within a week.”