Home Business News British banker bets $5m for Trump to win US election

British banker bets $5m for Trump to win US election

by LLB staff reporter
3rd Nov 20 2:35 pm

An anonymous former banker and British businessman has bet $5m on 37/20 odds on Trump to win the US election.

The British businessman place the wager at a private bookies on the Caribbean island of Curacao, which is also believed to have made history as it is thought this is the largest politics wager ever placed.

A source from the betting industry told The Sun newspaper, “Word of this bet has done the rounds and we think it’s the biggest ever made on politics.”

If the wager is won, then the Brit will be paid a whopping $15m in winnings.

Gambling firm GVC has said that the bets being placed for the 2020 US Presidential Elections are “twice as big as 2016, easily making it the biggest political event ever.”

British bookie Betfair Exchange also announced that an anonymous wager of £1m was placed on the Presidential hopeful, Joe Biden.

A Ladbrokes spokeswoman told The Sun, “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.”

So far $337m has been waged on the 2020 US Presidential election.

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