Record Breaking Bet of More Than £500K On Hillary Clinton To Win The Presidency
Most of us feel that the upcoming presidential election is too close to call at this point, and that it has been one of the most unprecedented and unpredictable election cycles in history. Though the gaps have widened a bit since Trump’s lewd comments that were caught on tape were leaked to the public, for the most part Clinton and Trump have been running neck and neck in most polls. The sportsbooks that offer political betting odds have Clinton as the favored candidate to win the 2016 US Presidential Election, but have had to adjust the odds to reflect Trump’s strength increasing.
The current odds at European bookmaker William Hill reflect that Clinton has a 4/11 chance at winning the presidency. There is at least one bettor out there who feels they can rely on these odds, and chose to prove it by placing a bet of £500,000 Euros that Hillary Rodham Clinton will win the 2016 presidential election. The bet was placed by a 46 year old female customer who clearly believes her candidate has the election sewn up. This bet is the largest wager ever legally placed on the outcome of a US presidential election.
Should this woman end up winning the bet, she stands to win a profit of approximately £180,000. Despite the fact that new information is being revealed daily concerning the email scandal as well as arms deals involving then Secretary Clinton, this bettor seems unconcerned about the potential damage this could do to her favored candidate. It kind of makes one wonder if this bettor knows something that the rest of us don’t.
At the time of this writing, WikiLeaks is in the process of releasing an additional 2000 emails associated with Hillary Clinton and her colleagues. This could spell additional troubles for Clinton if she is not able to keep the media distracted with the allegations against Trump for allegedly ‘groping’ various women. Even with this potential damaging release of information about Clinton’s duties as Secretary of State, this bettor seems extremely confident that Clinton is going to take the White House.
With Clinton and Trump running neck and neck in many cases recently, and the unpredictable nature of this entire election cycle, we honestly find this wager to be extremely gutsy on the part of the customer who placed it. The 2016 presidential election betting odds are our best attempt at reflecting the pulse of the American voters, and the oddsmakers use a great deal of research, polling and information to come up with their figures, but they certainly are not guaranteed by any stretch of the imagination. After all, it wouldn’t be gambling if the odds were guarantees rather than predictions. To place a wager of this size on something this unpredictable exudes extreme confidence in an uncertain set of circumstances.
Naturally, William Hill is hoping for a Trump win at this point to minimize their liabilities, but ironically, the odds are against them. As Election Day nears, and both campaigns desperately reach into the bowels of dirty politics to beat their opponent, we expect to see various shifts in the odds and betting lines for the US presidential election. We consider the race too early to call, but as this historic bet reveals, not everyone feels that American voters are all that unpredictable.