Tags: Donald Trump | trump | good | for bookies | gambling | impeachment

Gambling Sites, Bookmakers Setting Odds on Trump Impeachment

Image: Gambling Sites, Bookmakers Setting Odds on Trump Impeachment

 President Donald Trump (AP)

By    |   Sunday, 12 Feb 2017 09:22 AM

Obstructionists and detractors have talked impeachment of President Donald Trump even before he took the oath of office, but as much as talk is cheap, the odds are not as long right now, according to bookmakers taking wagers on it.

And, unlike Trump's approval rating, business is booming, Politico reported.  Trump is making political wagers great again, according to Politico.

"From a betting perspective, Donald Trump's presidency has triggered a massive boom for these kinds of markets," public relations manager Alex Donohue of British book Ladbrokes told Politico. "With Donald Trump, everything he does, it can be turn into speculation, and that can be turned into gambling."

Ladbrokes oddsmakers have Trump leaving office via resignation or impeachment at just 11-to-10 odds, meaning you win just $11 on a $10 wager if it comes to fruition. Ladbrokes has taken hundreds of thousands of dollars on Trump's presidential future, according to the report.

"With such little political experience and a rocky start in the White House, it's understandable people have their doubts on Trump," spokesman Lewis Davey at Ireland-base Paddy Power told Politico. "We're currently offering 4-to-1 for Trump to be impeached in the first six months."

Paddy Power had lost nearly $5 million on Trump's November election upset of Hillary Clinton — leaving it "with some expensive egg on our faces," Davey added — but the heavy action on impeachment is bringing the money back.

"Trump is the gift that keeps on giving," Davey told Politico. "We've got a bonanza of betting specials on The Donald. When Trump took to Twitter this week to defend [daughter] Ivanka after Nordstrom dropped her clothing line, we were out with a [betting] market on next retailer to drop the Ivanka brand."

T.J. Maxx is a 4-to-1 favorite, Walmart 5-to-1, and Amazon at 6-to-1, according to the report.

"It's a great thing for betting markets that Donald Trump is president," Davey told Politico.

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Obstructionists and detractors have talked impeachment of President Donald Trump even before he took the oath of office, but as much as talk is cheap, the odds are not as long right now, according to bookmakers taking wagers on it.
trump, good, for bookies, gambling, impeachment
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2017-22-12
Sunday, 12 Feb 2017 09:22 AM
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