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StrategyNovember 6, 2020·1 min read
Million-Dollar Bets: Wealthy Brits Back Trump and Biden in US Election
Wealthy Brits have placed massive bets on both Donald Trump and Joe Biden to win the US election. With the counting now in full flow and a result not far away the bettors will be nervously following the news as it comes in.
On October 29th, a £1 million bet was placed on Joe Biden to win on the Betfair Exchange. This late stage wager offered pretty poor odds with a profit of only £540,000. A $5 million bet was placed on Donald Trump to win the US election with a private bookmaker on the Caribbean island of Curacao.
Up to $400 million is expected to be the final total as bets can still be placed as the counting continues and until a winner is announced. Paddy Power say that 93% of late bets have been for Trump as the mood looks to have changed across the US during election day. A spokesperson for British bookmaker Ladbrokes said, “Biden looks home and hosed according to the bookies and pollsters, but even at the eleventh-hour punters are continuing to back Trump at the odds on offer,”
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Argus RivenI've spent years at the tables — cash and tournaments — and just as long shaping poker copy behind the scenes: room reviews, bonus fine print, tournament notes. At PokerInsider I write the way I wish more sites would: clear structure, honest trade-offs, no hype. Whether you're new or already grinding, I care about what the offer actually costs you — rake, variance, and the fine print — and I treat responsible play as part of the job, not a footnote.
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