NEW YORK: In the final countdown to the US election, Americans and foreigners alike are jostling to bet on a shock Donald Trump victory, buoyed by tightening polls and memories of Brexit. While most experts predicted a tightening of the polls anyway, betting has seen an even more spectacular uptick. A futures market run by the University of Iowa for research and teaching purposes saw the probability of a Trump win rise from nine percent about 10 days ago to 40 percent on Monday. Paddy Power, which has betting shops across Britain and Ireland, said Monday that it had been one-way traffic in the past 48 hours with 91 percent of all bets placed backing a Trump win. And a Trump victory won’t only be bad news for those betting on Clinton, it would hammer bookmakers.

Source: Manila Times November 03, 2016 03:53 UTC