Space Industry and Business News  
DEMOCRACY
Brexit fresh, gamblers raise stakes for Trump win
By Thomas URBAIN
New York (AFP) Nov 2, 2016


In the final countdown to the US election, Americans and foreigners alike are jostling to bet on a shock Donald Trump victory, buoyed by tightening polls and memories of Brexit.

"Since the news of the FBI reopening the investigation, we're seeing five Trump bets for every Hillary (Clinton) one," says Pat Morrow, head oddsmaker at offshore betting site Bovada.lv.

Gambling on any election is banned in the United States but Americans can partake via a plethora of offshore, online sites such as Bovada, Betfair or Betonline.

The FBI director's announcement last Friday that his agents were reviewing Clinton's email scandal coincided with a tightening in the polls that have slashed the Democratic former secretary of state's previously substantial lead.

While most experts predicted a tightening of the polls anyway, betting has seen an even more spectacular uptick.

A futures market run by the University of Iowa for research and teaching purposes saw the probability of a Trump win rise from nine percent about 10 days ago to 40 percent on Monday.

Around 2,300 players, who can each bet $500 maximum, have invested a total of $314,000, says Joyce Berg, Iowa Electronic Markets director.

There is also a lively trade with bookmakers in Britain, where the maverick Republican's odds are also rising in a country rocked by a series of shock political outcomes since Britain voted to leave the European Union.

- Memories of Brexit -

"Trump certainly currently has the momentum and from as long as an 11/2 chance just two weeks back he is now closing up on Hillary almost day by day," says Graham Sharpe, media relations director at William Hill.

The bookmakers, who are listed on the London Stock Exchange, shortened Trump's odds for the eighth time in a fortnight -- this time from 5/2, around 28 percent, to 2/1, 33 percent, he said.

Paddy Power, which has betting shops across Britain and Ireland, said Monday that it had been one-way traffic in the past 48 hours with 91 percent of all bets placed backing a Trump win.

The firm had already paid out $1 million to punters who bet on Clinton, assuming her victory a foregone conclusion.

Now, the company said, the Republican's current odds of 9/4 make his presidency more likely than London having a white Christmas -- generally the stuff of Christmas card fantasy rather than reality, particularly in the days of global warming.

John Mappin, a 51-year-old British businessman who has spent time in America, says he is "more confident than ever" of a Trump victory and stands to win just over 100,000 pounds (more than $120,000) if he does.

"The polls are very inaccurate. It's very, very similar to the Brexit situation that was here in England," said Mappin, who owns a hotel in Tintagel, Cornwall and a local newspaper group in London.

Final polls before the EU referendum in Britain gave the remain camp a substantial edge, yet the June 23 referendum ended with a 52 percent to 48 percent win for the leave campaign, jolting global markets, sending the pound into a tailspin and forcing the prime minister to resign.

- Nearing record bets -

Mappin has bet on Trump around 30 times in the last 16 months at William Hill, putting down the most money right after the businessman threw his hat into the race, sailing down a golden escalator in June 2015.

"I spent a long time in America and I know the Americans very, very well. I understand how fed up they are with bad leadership," Mappin said.

Sharpe says the odds now mirror betting at a similar stage for Brexit. "Some political punters are clearly gambling that the recent trend of shock political results... is going to continue," he said.

Even if the US election race is still highly volatile, which could dissuade some betting, the amounts being taken in are still approaching record highs.

At Bovada it is nearly double the amount bet in the 2012 presidential race between Barack Obama and Mitt Romney, and William Hill is on track to reach three million pounds, which would be a record for a US election.

And a Trump victory won't only be bad news for those betting on Clinton, it would hammer bookmakers.

Paddy Power said it would see the Irish bookmakers face its biggest political payout since in its 28-year history.

"Him winning would be as bad as being on the wrong side of any Super Bowl," agreed Morrow of the most watched sporting and television event in the United States -- the annual NFL final in American football.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Democracy in the 21st century at TerraDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
DEMOCRACY
Politics and social media: Americans see overload
Washington (AFP) Oct 25, 2016
The political debate on Facebook and Twitter is getting too mean for many Americans. While social networks have become a key part of the political landscape in recent years, many users are getting fed up with the tone of the debate, according to a survey released Tuesday. The Pew Research Center survey found 37 percent of social media users are "worn out" by the amount of political discu ... read more


DEMOCRACY
3-D-printed permanent magnets outperform conventional versions, conserve rare materials

Nickel-78 is a doubly magic isotope supercomputer confirms

Researchers bring eyewear-free 3-D capabilities to small screen

Towards better metallic glasses

DEMOCRACY
Lockheed Martin gets $92 million military satellite contract modification

Russia develops new satellite communication system for military use

Arizona aerospace company wins $19M Navy satellite contract

Canada defence dept selects Newtec for first DVB-S2X Airborne Modem

DEMOCRACY
Russia to face strong competition from China in space launch market

Vega And Gokturk-1A are present for next Arianespace lightweight mission

Antares Rides Again

Four Galileo satellites are "topped off" for Arianespace's milestone Ariane 5 launch from the Spaceport

DEMOCRACY
Swarm reveals why satellites lose track

No GPS, no problem: Next-generation navigation

Australia's coordinates out by more than 1.5 metres: scientist

US Air Force awards Lockheed Martin $395M Contract for two GPS 3 satellites

DEMOCRACY
China aircraft market to hit nearly $1 tn in 20 years: Airbus

Uber lays out vision for flying commuter transit

Russian Helicopters to build training center in Peru

Raytheon to produce T-100 trainer in Mississippi

DEMOCRACY
Special-purpose computer that may someday save us billions

Scientists develop a semiconductor nanocomposite material that moves in response to light

Researchers surprised at the unexpected hardness of gallium nitride

Making silicon-germanium core fibers a reality

DEMOCRACY
Satellites help scientists see forests for the trees amid climate change

Hosted Payloads Offers Remedy for Looming Air Force Weather Forecasting Gap

It's what underneath that counts

Studies offer new glimpse of melting under Antarctic glaciers

DEMOCRACY
One year on, Brazilian mine tragedy wounds still raw

UK govt loses High Court case on air pollution

Researchers invent 'perfect' soap molecule that is better for the environment

300 million children breathe heavily toxic air: UNICEF









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.