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Punter set to net €561k if Donald Trump becomes US President

NewsBy Sunday World
A Donald Trump win will be very good news for one punter
A Donald Trump win will be very good news for one punter

A British gambler is hoping to net almost £500,000 (€561k) after betting £200,000 (€224k) on Donald Trump becoming the next president of the United States.

The male customer, from London, stands to make just under £500,000 after betting with Spreadex that the Republican will storm the US election on Tuesday to take the Oval Office.

A flurry of five and six-figure bets from Britons on both candidates has led the US election to smash previous election voting records, becoming some bookies' biggest betting event.

Connor Campbell, a financial analyst at Spreadex, said: "It's official, the US election is now our single biggest betting event ever and we are seeing some huge bets being placed, including one customer who has staked £200,000 on a Trump victory."

William Hill said its largest bets included a London-based telephone client who staked £150,000 on Hillary Clinton becoming America's first female president, and a Durham woman who put £183,200 on Ms Clinton in a two-part wager.

John Mappin, who owns a castle in Cornwall, could take home £100,000 after putting 30 bets on Mr Trump walking into the White House, and a Nottingham man staked £37,000 on the Republican to bring back the same amount.

William Hill spokesman Graham Sharpe said: "The US election campaign has smashed all previous election betting records, with the biggest betting turnover for any political event, with £20 million riding on the outcome industry-wide.

"William Hill alone are about to exceed a £4 million turnover for the first time on any political event, and with the result still too close to call we anticipate a political bets bonanza in the closing hours of the election campaign."

Some 69% of individual bets the firm has taken have been for Mr Trump, while 74% of stake money has been for his Democrat rival, it said.

Meanwhile, a Ladbrokes customer who staked £100,000 on Mrs Clinton taking the top spot is set to take away £125,000 if the prediction is correct.

The company said it was expecting more wagers to be placed on the US election than on the Euro 2016 final, the EU referendum or the Derby.

It estimates 35 bets per minute will be placed as Britons stay up into the early hours of Wednesday morning.

A spokeswoman said the firm had had hundreds of Americans placing bets but the majority belonged to UK and Irish punters.

The Democrat candidate goes into polling day as the favourite at odds of 1/5 with William Hill, while Mr Trump is offered at 7/2.

Ladbrokes has a Clinton win at 2/7, with Mr Trump on 10/3.