Irish bookmaker Paddy Power is already paying out 1mln euros ($1.1mln) to customers who bet on Hillary Clinton to win the US election – with three weeks still to go before American voters head to the polls, according to the company’s blog site.
The London-listed bookmaker said “recent revelations” about Donald Trump – the Republican candidate has been forced to reject allegations of unwelcome advances towards women – have caused his chances of victory to “plummet like the value of sterling”.
Paddy Power is currently offering odds of 9/2 for a Trump victory, representing an 18% chance. This has come down from 13/8 as recently as May, implying a 38% chance of victory.
Paddy Power is paying out on single bets placed on October 18 backing Clinton to enter the White House. Read more.
Story by ProactiveInvestors