Spreadex trader bets £200,000 on Donald Trump to win the US election
The US election was named the single biggest betting event of the year
by Abi Moses on 15th November, 2016
As many know, the political landscape boasts the biggest bearing on financial markets, with the US election seeing the dollar partake on a rollercoaster-type ride over the course of the last few months. However, one benefit of such shifts is the great betting possibilities that open up, with the long odds of the unknown enticing all type of bettors and traders.
With Donald Trump being the massive underdog to take the crown as US president many Spread Betting customers have made a great deal of money from this surprise vote, with one Spreadex customers placing £200,000 on the outcome of a Trump triumph.
As the biggest Trump-favoured bet wagered the unknown bettor is said to have received £500,000 for his outlandish prediction; a gamble that certainly paid off. This bet came just days after someone gambled £37,000 on a Trump victory, seeing many big bookies slash their odds as a result.
Speaking before the decision was announced Connor Campbell, Financial Analyst at Spreadex, said:
“The US election is now our single biggest betting event ever and we are seeing some huge bets being placed, including one customer who has staked £200,000 on a Trump victory.
"With the US in the closing stages of the campaign and the polls seeming to change almost hourly, it should make for a very interesting few days in the lead up to the election.”
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