Betfair: the sum of bets made on the election of the President of the USA has reached £110 million

9 November 2016

The size of the betting market on next U.S. President at Betfair has reached £110.5 million (about $136.4 million).

Betfair: the sum of bets made on the election of the President of the USA has reached £110 million

One day before election expectations of the company staff that in September predicted that this value will exceed a mark of £100 million, completely proved to be true.

On the eve of the election of the president of the USA the size of the betting market on the outcomes at Betfair is constantly increasing.

At the beginning of November it has reached the level in £100 million, and now presidential election in the USA can break the record of political betting at Betfair that belongs to a referendum on membership of Great Britain in the EU. The size of the betting market on outcomes of a referendum exceeded £113 million ($156.9 million).

It should be noted that the size of the betting market on outcomes of presidential election in the USA in 2012 constituted $50 million.

Traders at Betfair estimate probability that the candidate from Democratic party Hillary Clinton will win elections with coefficient 1.2. Chances of the republican Donald Trump are equal to 5.4.

Read also: 5 disappointments of English Premier League


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