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class="entry_header"> <h1 class="entry_header__title">US President Betting: £200m traded as market smashes Betfair record</h1> <ul class="entry_header__meta"> <li><a href="https://betting.betfair.com/authors/naomi-totten/">Naomi Totten</a></li> <li><time datetime="2016-11-09">09 November 2016</time></li> </ul> <script type="application/ld+json"> { "@context": "http://schema.org", "@type": "NewsArticle", "headline": "US President Betting: £200m traded as market smashes Betfair record", "name": "US President Betting: £200m traded as market smashes Betfair record", "description": "The Exchange 'Next President' market obliterated the record for the most money ever to be traded on any political and sporting event, with just under £200m ...", "url": "https://betting.betfair.com/politics/us-politics/200m-us-president-market-breaks-all-time-betfair-record-091116-745.html", "mainEntityOfPage": "https://betting.betfair.com/politics/us-politics/200m-us-president-market-breaks-all-time-betfair-record-091116-745.html", "datePublished": "2016-11-09T12:08:00+00:00", "articleBody": "The Exchange 'Next President' market obliterated the record for the most money ever to be traded on any political and sporting event, with just under £200m traded - around £75m of that traded once polls had closed... The pattern of the market throughout the campaigns were reminiscent of the Brexit market which showed a clear favourite in a Remain vote right up until 02:00 as the results were being announced when the odds flipped and history was written. Barry Orr, Spokesmanfor Betfair, said: "The past 18 months have seen some extraordinary things happen in the world of politics and this morning's Presidential Election was certainly no different. "The Presidential market mimicked the pattern of a Remain vote in the Brexit market with its confidence in Hillary Clinton, with the Democrat trading at a staggering 93% chance of being elected as the Florida declarations trickled through. When polls closed during the referendum there was a 94% chance of a vote to Remain. "Trump's odds officially flipped at 2.24am (GMT), seemingly in response to the Republicans winning the Georgia Electoral vote. "The market has attracted an unprecedented volumes of bet and, although 60% of the money staked was on Clinton, Trump attracted 54% of total bets. "Initially this was attributed to bettors being happy to back an outsider because Brexit was so fresh in their minds, however it appears that the opposite was true; the market simply could not accept that the status quo could be wrong again." The biggest individual winner won over £2m - a Betfair Exchange customer who first backed Trump during the Primaries. ", "image":[ "https://betting.cdnppb.net/politics/Trump clenched fist 640.728x410.jpg", "https://betting.cdnppb.net/politics/Trump clenched fist 640.547x410.jpg", "https://betting.cdnppb.net/politics/Trump clenched fist 640.410x410.jpg" ], "publisher": { "@type": "Organization", "name": "Betting.Betfair", "logo": { "@type": "ImageObject", "url": "https://betting.cdnppb.net/assets/img/betfairlogoblack.ea48b4e0.png" }, "url": "https://betting.betfair.com/" }, "author": { "@type": "Person", "name": "Naomi Totten", "url": "https://betting.betfair.com/authors/naomi_totten" } } </script> </header> <div class="two_column_layout"> <main class="entry_main"> <div class="entry_img"> <img src="//betting.cdnppb.net/politics/Trump clenched fist 640.640x480.jpg" srcset="//betting.cdnppb.net/politics/Trump clenched fist 640.450x338.jpg 450w, //betting.cdnppb.net/politics/Trump clenched fist 640.600x450.jpg 600w, //betting.cdnppb.net/politics/Trump clenched fist 640.640x480.jpg 728w" alt="Trump was matched as high as 12/1 after the polls closed"> <figcaption class="entry_img__caption">Trump was matched as high as 12/1 after the polls closed</figcaption> </div> <div class="entry_actions"> <div> <a class="button button--dark" href="https://promos.betfair.com/promotion?promoCode=ACQZBGC01B10G30A&prod=90&rfr=2573">Join</a> </div> <div> <a class="button btn--market" data-market_full="https://www.betfair.com/exchange/" href="https://www.betfair.com/exchange/">View market</a> </div> <div class="entry_actions__social entry_actions__social--twitter"> <a href="https://twitter.com/intent/tweet/?text=US%20President%20Betting%3A%20%C2%A3200m%20traded%20as%20market%20smashes%20Betfair%20record&url=https%3A%2F%2Fbetting.betfair.com%2Fpolitics%2Fus-politics%2F200m-us-president-market-breaks-all-time-betfair-record-091116-745.html" target="_blank" title="Twitter"><span class="sprite_icon sprite_icon--twitter">Twitter</span></a> </div> <div class="entry_actions__social entry_actions__social--facebook"> <a href="https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fbetting.betfair.com%2Fpolitics%2Fus-politics%2F200m-us-president-market-breaks-all-time-betfair-record-091116-745.html" target="_blank" title="Facebook"><span class="sprite_icon sprite_icon--facebook">Facebook</span></a> </div> <div class="entry_actions__social entry_actions__social--reddit"> <a href="https://www.reddit.com/submit/?url=https%3A%2F%2Fbetting.betfair.com%2Fpolitics%2Fus-politics%2F200m-us-president-market-breaks-all-time-betfair-record-091116-745.html" target="_blank" title="Reddit"><span class="sprite_icon sprite_icon--reddit">Reddit</span></a> </div> <div class="entry_actions__social entry_actions__social--whatsapp"> <a href="https://api.whatsapp.com/send?text=https%3A%2F%2Fbetting.betfair.com%2Fpolitics%2Fus-politics%2F200m-us-president-market-breaks-all-time-betfair-record-091116-745.html" target="_blank" title="WhatsApp"><span class="sprite_icon sprite_icon--whatsapp">WhatsApp</span></a> </div> <div class="entry_actions__social entry_actions__social--telegram"> <a href="https://t.me/share/url?url=https%3A%2F%2Fbetting.betfair.com%2Fpolitics%2Fus-politics%2F200m-us-president-market-breaks-all-time-betfair-record-091116-745.html&text=US%20President%20Betting%3A%20%C2%A3200m%20traded%20as%20market%20smashes%20Betfair%20record" target="_blank" title="Telegram"><span class="sprite_icon sprite_icon--telegram">Telegram</span></a> </div> </div> <div class="entry_body has-odds"> <div class="entry_body__intro"><p>The Exchange 'Next President' market obliterated the record for the most money ever to be traded on any political and sporting event, with just under £200m traded - around £75m of that traded once polls had closed...</p></div> <div class="entry_body__quote"> <blockquote><p>• £200m traded on the Next President market<br/> • Biggest individual winner won over £2m - a Betfair Exchange Customer who first backed Trump during the Primaries<br/> • Hillary Clinton hit a low of <b class="inline_odds" title="1/12"><span class="inline_odds__main">1.08</span><span class="inline_odds__tooltip">1/12</span></b> (93% chance) at 1am when Florida results were coming through<br/> • Trump became odds-on favourite at 02:24 GMT having hit a high of <b class="inline_odds" title="12/1"><span class="inline_odds__main">13.0</span><span class="inline_odds__tooltip">12/1</span></b> an hour after polls closed</p></blockquote> </div> <div class="entry_body__content"> <div class="editor"> <p>The pattern of the market throughout the campaigns were <strong>reminiscent of the Brexit market</strong> which showed a clear favourite in a Remain vote right up until 02:00 as the results were being announced when the odds flipped and history was written.<p>Barry Orr, Spokesmanfor Betfair, said: "The past 18 months have seen some <strong>extraordinary things</strong> happen in the world of politics and this morning's Presidential Election was certainly no different. </p><p>"The Presidential market mimicked the pattern of a Remain vote in the Brexit market with its confidence in Hillary Clinton, with the Democrat <strong>trading at a staggering 93% chance</strong> of being elected as the Florida declarations trickled through. When polls closed during the referendum there was a 94% chance of a vote to Remain. </p><p>"Trump's odds <strong>officially flipped</strong> at 2.24am (GMT), seemingly in response to the Republicans winning the Georgia Electoral vote.</p><p>"The market has attracted an unprecedented volumes of bet and, <strong>although 60% of the money staked was on Clinton, Trump attracted 54% of total bets</strong>. </p><p>"Initially this was attributed to bettors being happy to back an outsider because Brexit was so fresh in their minds, however it appears that the opposite was true; the market simply could not accept that the status quo could be wrong again."</p><p>The biggest individual winner won over £2m - a Betfair Exchange customer who first backed Trump during the Primaries.<br> </p></p> </div> </div> <section class="betting_copy"> <div class="editor"> <h2 class="promo-name bf-sportsbook" data-qa="promo-name">New customers can get £20 in free bets!</h2> <p>New customers can earn £20 in free 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Most read stories
Football Betting Tips
Premier League Big Match Focus: How to back a 13/2 Bet Builder in Man City v Tottenham
Football Betting Tips
West Ham v Crystal Palace: Hammers to avoid defeat in capital clash
Football Betting Tips
Newcastle v Man Utd: Back Toon to take it and 9/2 Bruno Bet Builder
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West Indies v England First ODI Tips; England's reserves a dreadful price
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Saturday Racing Tips: 23/1 Twig leads Tony Calvin's Coral Gold Cup pair
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