A great payout, to be sure, with a $100 bet returning a potential $4,000, but also indicative of Trump’s still huge – or YUGE – long-shot status.
Trump’s odds of becoming president equated to +4,000. However, he was still a long shot against not only Clinton – the +115 favorite in June 2015, meaning a $100 bet could win you $115 – but against the top Republican candidates: Jeb Bush (+500), Marco Rubio and Scott Walker (+1,500), and Chris Christie (+2,500). He moved to 40-to-1 right away with another wave of big bets. Just ahead of Trump’s declaration, he was 50-to-1 to win the presidency at Sportsbook.ag. “We wrote tickets at that price, and with those odds, you can get exposed real quickly with just a few bets,” Childs said the day after Trump officially joined the race. Peter Childs, head oddsmaker at Sportsbook.ag, told Covers that his shop opened up the presidential proposition betting market in 2012 with Trump as much a 200-to-1 long shot – meaning a winning $100 wager would bring a massive $20,000 payout. Meanwhile, the offshore sportsbooks and shops in the UK had long been all in on presidential election betting in general, and specifically on Trump, pulling in real wagers. Vaccaro pegged Jeb Bush the favorite for the nomination more than 16 months ago, at 4-to-1. Vaccaro wanted to be part of that “little different.” So he first came up with odds on who would win the GOP nomination, with Trump a 20-to-1 long shot, meaning a $100 bet would net a $2,000 payout - if you could bet it. “When Trump announced he was running, you just knew it was gonna be a little different.” “I have never paid more attention to an election than this year,” the 71-year-old Vaccaro said. The move caught everybody’s attention across the political spectrum, and it certainly piqued Vaccaro’s interest. In June, 2015, after much speculation, Trump threw his hat into an already crowded GOP presidential candidate ring. But much like the election season itself, the ebb-and-flow of the odds has been nothing if not entertaining. Of course, those odds can’t actually be posted on the big betting board, as they are for entertainment purposes only. But that doesn’t diminish Vaccaro’s point, nor his desire to put up odds on this wild campaign, which he’s been doing at the South Point Hotel Casino’s sportsbook ever since Trump joined the race. Mind you, there are other countries where you can’t bet on politics. “The thing I’m most angry about, it’s very simple: the whole world is concerned about our next president, and we’re the only country who can’t book it.” Vaccaro said.
That doesn’t sit well with renowned Las Vegas oddsmaker Jimmy Vaccaro. Except you can’t legally bet on elections there, nor anywhere else in America. Such odds and wagers would seem to be right up Las Vegas’ alley. Meanwhile, Trump is in the range of a +275 underdog – meaning a $100 bet could bring in $275. With just one week to go, at offshore sportsbooks and at shops in the betting-mad United Kingdom, Clinton remains a substantial favorite, with odds hovering around -300 – meaning one must bet $300 to win $100.
presidential election has been one for the books – but in the United Kingdom, it’s been one for the sportsbooks. Please look at the time stamp on the story to see when it was last updated. This is an archived article and the information in the article may be outdated.
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