U.K. Bookmaker: We’re Seeing ‘Same Phenomenon’ with Betting Favoring Trump as We Did with Brexit
SHARPE: "Yes. We had the polls telling us that the brexit wasn’t going to happen and the vote would be overwhelmingly in favor and would win the day. And the betting odds slightly reflected that this far out as we are now from the polling day in the U.S. Election. This far out on the brexit vote. We were looking 2 to 9. That was about an 82% chance that it remain or 3 to 1 against that it would be leave. However, the — if you analyze the way the betting has been going, it told a different story. 75% of the actual betting money was for remain but some 70% of the actual bets themselves, individual bets were for leave. Now, of course, when you had 100,000 pounds or remain as one of our clients had or one point on leave as another had, those two people only had one vote each. The more significant of the two factors was the number of individual bets. And now we are seeing much the same phenomenon in our betting on the U.S. Election. At the moment we are 1 for 6 for a Clinton win and 4 to 1 against, which is only a 20% chance for Donald Trump. Having said that again, we’re seeing overwhelmingly the individual big bets are for Hillary but the vast majority of the smaller individual wages are for trump."