Betfair has this morning revealed that £3 million was traded during last night’s first US Presidential TV debate, as its exchange market shifts towards a Hilary Clinton victory.
Coming into the much-anticipated TV debate, Republican candidate Donald Trump had hit his lowest odds of 2.68 for the US Presidency.
However, the initial reaction of the TV Debate which garnered a live audience of + 100 million viewers has strongly favoured Clinton, with Betfair shortening the Democrat candidates odds to 1.45, equating to a 69% chance of a ‘Hilary Victory’ come 8 November. Trump’s poor debate showing has seen his odds drift to
Punter reaction to Trump’s poor debate showing has seen the Republican candidates odds drift to 3.3, with Betfair giving the brash New Yorker a 30% chance of winning the US Presidency.
Following last night’s TV Debate, Betfair revealed that its ‘US 2016 Election’ market had reached £47 million in wagers surpassing any of its previous US political markets.
Naomi Totten, Spokesperson for Betfair, said:
“Following the first of the live presidential debates the money being traded on the Betfair Exchange appears to favour Hillary Clinton. The Democrat candidate has shortened to 1.45, or a 69% shot, the lowest it’s been since reports of a health scare earlier this month.
“This certainly remains a tight race and despite a poor performance in his first debate Donald Trump has continually defied the odds throughout his presidential campaign. This unbelievably close race continues to throw up surprises and is attracting a huge amount of interest in the Betfair market. There is now £47m traded, with £3m traded in the past 24 hours alone.”