William Hill Slashes Odds on Trump – ‘Eerie’ Betting Pattern Emerges

Written by:
Guest
Published on:
Oct/19/2016

The UK’s biggest bookmaker, William Hill, has slashed odds on the US Presidential Election ahead of Wednesday night’s highly anticipated and final debate.

AD: Get Up to $1000 in Free Bets – Bet on Every State Election Results at BetOnline

The pattern Hill recognized that forced them to reduce the odds is one that is eerily similar to that which led up to the Brexit referendum.  

Bookmaker William Hill says 71 percent of the money so far staked has been staked on Democrat Hillary Clinton. That being said, 65 percent of the bets by number are for GOP nominee Donald Trump.

William Hill’s spokesman and resident betting expert Graham Sharpe, an industry veteran of 44 years standing, said: “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.” 

He added: “Some of the larger number of small bets on Trump can be explained by odds. When you have odds of 1-8 or 1-9 as you do on Clinton it’s not so interesting to the small punter. You tend to get bigger bets. We had one woman walk into a Northumbrian betting shop to stake £170,000 at 1-8 to win £21,250. She came in the next morning to stake another £13,200 to win £1467. She’d never placed a bet before but said she saw it as an investment.

“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.” 

- Gilbert Horowitz, Gambling911.com

 

Politics News

Biden Suddenly Leading in Polls: Latest Odds

After months of former US President and likely GOP nominee Donald Trump leading in the general election polls, current US President Joe Biden has suddenly moved ahead in a new poll commissioned by Florida Atlantic University (FAU).

Biden Odds Improve After State of the Union

Following the SOTU, in which Biden did a great deal to dispel doubts about his cognitive health during a passionate, 68-minute speech, his re-election odds slightly improved in the betting markets.

Syndicate