‘Largest Political Wager Ever Made’: Mystery British Gambler Bets $5Million on Trump Election Win

A mystery British businessman has bet $5 million on President Donald Trump defeating Joe Biden at 37/20 — believed to be the largest political bet ever made.

The high-stakes gambler used a private bookmaker registered on the tiny Caribbean island Curacao for his bet on today’s US presidential election.

A pal of the businessman said he had consulted with “Trump camp insiders” before making the high risk bet that could net him a cheque of almost $15million on 2.85 return.

The smart money is being placed on President Donald Trump to defeat Joe Biden, according to industry sources.

The Sun report: A betting industry source said “Word of this bet has done the rounds and we think it’s the biggest ever made on politics.

But the mystery punter was not alone in a last minute flurry of bets for the White House incumbent. 

Ladbrokes said 3 in 4 of all bets for Trump in the final week of campaign.

Jessica O’Reilly of Ladbrokes said: “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.”

And Paddy Power said the volume of wagers placed on the two candidates over the last 24-hours has seen 93 per cent of the money backing Donald Trump to get a second term, with just 7 per cent going for Joe Biden.

Biden is still firmly the bookies’ favourite though as America goes to the polls today.

It emerged today that a bet-placer has put $1million on him winning.

According to British bookmaker Betfair Exchange, an unnamed person in the UK placed £1million – or $1.29million – over the weekend on Biden beating incumbent Donald Trump.

If Biden wins the contentious race against Trump, the bet-placer will get $1,986,903. 

The bookmaker said that $337million worth of bets have been placed on the 2020 election.

“This is a huge market,” Matthew Shaddick, head of political betting at British sports betting and gambling firm GVC told AFP news agency.

“It is twice as big as 2016, easily making it the biggest political event ever.”

Political betting is illegal in the United States – but it’s not overseas.

Baxter Dmitry

Baxter Dmitry

Baxter Dmitry is a writer at News Punch. He covers politics, business and entertainment. Speaking truth to power since he learned to talk, Baxter has travelled in over 80 countries and won arguments in every single one. Live without fear.
Email: baxter@yournewswire.com
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Baxter Dmitry