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Odds of Donald Trump winning presidency getting better for those betting on
election, but Clinton still the favorite

   Odds of Trump winning presidency getting better for bettors
   BY Edward Glazarev
   NEW YORK DAILY NEWS
   Thursday, November 3, 2016, 7:04 AM
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   BY Edward Glazarev
   NEW YORK DAILY NEWS
   Thursday, November 3, 2016, 7:04 AM

   Donald Trump is not only surging in the polls — he’s also gaining favor
   with those betting on the presidential election.

   Odds on the one-time long-shot Republican candidate have dropped to 9-4
   with British bookmakers after the most recent revelations in Hillary
   Clinton’s email saga added another twist to the bizarre race.

   ELECTION MAP: Latest poll averages from key swing states

   “The closer to the day of election, the more people jump on the betting
   bandwagon,” said Alexander Kostin, global gambling authority for Better
   Collective, a Denmark-based firm that creates apps and tools for the
   online gaming industry.

   Trump tells supporters to 'pretend we're slighty losing' and vote

   “For example, Trump attracted 81% of bets in the U.K. due to Clinton’s
   emails investigation last week,” he said, citing data compiled by
   Bonuscodebets.co.uk.
   Trump was a long-shot at one time, but thanks to the latest email
   revelations against Hillary Clinton his odds have dropped all the way
   to 9-4 to win the presidency.

Trump was a long-shot at one time, but thanks to the latest email revelations
against Hillary Clinton his odds have dropped all the way to 9-4 to win the
presidency.

   (Patrick Semansky/AP)

   The Democrat remains the prohibitive favorite at 4-11, according to
   bet365.com.

   Those odds were good enough for one “punter,” in the parlance of the
   Brits, to bet more than $600,000 on the former First Lady, according to
   Time.com.

   The largest individual amount bet on Trump is $12,156, according to
   bookmaker William Hill.

   Tight Trump-Clinton race could see winner losing popular vote

   Kostin expects the sum wagered on the 2016 U.S. election to exceed the
   amount bet four years ago.
   Donald Trump promises that Putin, who invaded Ukraine in 2014, won't
   invade Ukraine.
   93 photos view gallery
   New York Daily News front pages on the presidential election

   “It’s difficult to give an exact number, but we can see the . . .
   stakes across the industry are already surpassing the $61 million mark
   wagered on the 2012 race.”

   However, punters on this side of the Pond are shut out from the betting
   windows. Federal law prohibits online gambling on all sports, including
   politics. Not even the sportsbooks in Las Vegas, epicenter of a crucial
   swing state, are allowed to accept bets.

   That’s a stark contrast from the days of the Founding Fathers, when
   gambling on elections was a way for voters to put their money where
   their mouths were, according to a pair of economics professors.

   Hillary Clinton, Donald Trump tied in new poll

   “The 1916 election was the high point, with some $165 million (in 2002
   dollars) wagered in the organized New York markets,” wrote Profs. Paul
   Rhode and Koleman Strumpf of the University of North Carolina in
   “Historic Presidential Betting Markets,” which was published in the
   Journal of Economic Perspectives in 2004.

   Tags:
          donald trump
          hillary clinton
          2016 election

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