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Odds of Trump impeachment fall day by day

A surge in bets backing Donald Trump to be impeached at some point in the coming four years has l...
Newstalk
Newstalk

15.51 31 Jan 2017


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Odds of Trump impeachment fall...

Odds of Trump impeachment fall day by day

Newstalk
Newstalk

15.51 31 Jan 2017


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A surge in bets backing Donald Trump to be impeached at some point in the coming four years has led to a dramatic narrowing of odds in markets concerning the future of his presidency.

"Last year’s US Presidential election was our biggest non-sporting betting event in history and our customers still can’t get enough of Donald Trump following his win in November," a Paddy Power spokesperson told Newstalk.

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"The Donald has had an all-action start to his first term but our betting trends would suggest that very few of our punters have faith in his ability with his impeachment odds falling daily due to strong support," the bookmaker continued.

Before his inauguration Mr Trump was 4/1 to be impeached during his first term but those odds have been slashed to 21/10.

"We make it 10/1 for Enda Kenny to cancel the St Patrick’s Day visit," Paddy Power added.

Meanwhile the company reports that the odds of Ireland being chosen for the Republican's first international visit have moved from 50/1 to 7/2. The country is in third position - behind Canada and Russia who are both at 3/1.

The future of White House Press Secretary, Sean Spicer has also become a topic of debate, the company is offering odds on when we will leave the post (by quitting or being fired) - with the favourite being the second quarter of this year.

Paddy Power Betfair included a special note on the US election in a recent trading statement - it faced a €4.1m pay-out on winning Trump bets after it already paid some €880,000 to Clinton backers. At the time the company called him, "the biggest political liability" in the history of gambling.


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