President-Elect Donald Trump - US Election Bets

US Election Bets Break Records After Trump Wins

11 Nov, 2016 - 19:00 by johntang

There’s no question that a lot of bets are made at online casinos, but when it comes to big time wagering that smash records, it’s the punters who head to the sportsbooks that really empty their wallets!

This was made more than evident in the UK during the US election campaign, particularly as the election drew closer and more and more bettors began shelling out six figure bets on who they thought would become the 45th President of the United States of America: Democrat candidate Hillary Clinton or Republican candidate Donald Trump.

Donald Trump shocked the world by winning the election on Tuesday 8th November, 2016 and this result also shook up bookmakers who will now be paying out millions to those who bet on Trump; the candidate who was not favored to win.

Although the final figures have not yet been confirmed, the UK gambling industry estimates that over £150 million was bet on the election outcome.  In fact, one London gambler made a £200,000 bet on Trump at Spreadex, winning £500,000 for his incredible wager.

Conner Campbell, the financial analyst for Spreadex, said that the US election has become the largest betting event in the bookmaker’s history.

However, Spreadex isn’t the only one who experienced this record-breaking betting event. Many bookies including Paddy Power and William Hillalso stated that the amount of US election bets made by UK punters was superior to the Euro 2016 finals, Brexit, the Derby and the royal baby.

“The US election campaign has smashed all previous election betting records, with the biggest betting turnover for any political event, with £20m riding on the outcome industry-wide,” stated William Hill spokesperson Graham Sharpe.

There is no question that the now President-Elect Donald Trump’s win may have displeased and devastated many but it has also made some people very rich!