Irish bookies already paying out $1M to people who bet Hillary Clinton would win
Source: CBC News
One of the world's biggest bookies is so sure that Hillary Clinton will win next month's U.S. presidential contest that it has already started paying bettors.
Paddy Power said Tuesday it will begin to pay out more than $1 million US to people with bets on its books in favour of Clinton, whose odds of winning have risen so high that a bettor would have to put up $11 just to win $2. In decimal terms, that implies the wife of former president Bill Clinton has better than an 84 per cent chance of victory.
That's in keeping with some recent polls, with Nate Silver's FiveThirtyEight.com currently predicting an 85 per cent chance of victory for the Democrats, based on a compendium of different polls.
"With national polls showing a healthy lead for the Democratic candidate and Donald Trump's campaign running into scandal after scandal, Paddy Power believes it's a done deal and that Hillary is a nailed-on certainty to occupy the Oval Office," Paddy Power, based in Ireland, said about the Republican nominee.
Read more: http://www.cbc.ca/news/business/paddy-power-presidential-betting-1.3810006
still_one
(92,190 posts)nolabear
(41,963 posts)ColemanMaskell
(783 posts)Still I have wondered, from time to time, whether the Republican (check spelling -- RepugnantCon?) nominee might be a closet Democrat on a self-appointed mission to throw the election, hand Congress back to the Dems, and demolish his adopted party. He was once a registered Democrat, and he claims to be "a really smart person" -- no wait, he said he was LIKE a really smart person -- Oh, hang on. That was a plot for a possible novel, not a realistic possibility. My bad.
I do think he saw some potential financial benefit in putting on this whole show, though. He is apparently planning to start a Trump TV network, heir apparent to the alienated wingnut segment of the audience of the damaged Faux News. Then again, could be all he really wanted was to get into a position to eliminate his own future tax bills (now that his 18 years of deductions are running out) and the inheritance tax possibly due to be paid by his children. Or maybe, when New York banks stopped lending to him after his bankruptcies, he started borrowing heavily from the Russian mob and lost that money too, and they told him they'd cancel the debt if he would co-operate in their plan to overthrow the US government. Or maybe I'm wandering off into fiction territory again. It's so hard to tell the difference these days . . .
jaysunb
(11,856 posts)machoneman
(4,007 posts)I don't think he had enough smarts, even with I'm sure lots of professional advice, to consider how his run would open him up to a level of scrutiny he's never seen before. As a result, all of the long, long list of foibles, errors, bad business judgments, bankruptcies, sexual assaults and more have now come to light. The result has been, so far, a massive loss of the Trump brand in so, so many ways we've all read about.
Still, things are bound to get worse as multiple state and federal investigations (campaign spending, Trump U, Russian loans and influences and more) are launched. Then, I do suspect some of the women we've recently seen come forward will also sue. He'll need to spend even more money on more lawyers from now until kingdom come!
The real beauty of his run though is the near total destruction of his brands. This will absolutely kill his empire, drain his cash and keep any sane business entity from ever joining with him in any ventures. It will take his rude children down as well, although we can only hope they end up in a trailer park......down by the river!
Schadenfreude to the extreme, I say!
IronLionZion
(45,442 posts)Let's not jinx it or get complacent. We have 3 weeks left.
ColemanMaskell
(783 posts)mountain grammy
(26,621 posts)I want the fat lady to sing and that will be me on November 8th. hopefully going to bed early. Don't jinx this.
LanternWaste
(37,748 posts)During the 1948 campaign, the Democratic Party had a three-way split, with a substantial number of both the far left (Wallace's Progressive Party) and far right (Thurmond's Dixiecrats) of the party running third-party campaigns, siphoning off much needed votes.
Additionally, Truman had been gaining quite a bit of momentum in the final three months of the campaign-- polling had illustrated a dramatic rise of Truman's numbers from down 17 at the beginning of the previous month to within the margin of error by the day of the election.
Since then, the electorate has rejected such simplistic devices used at the time, such as Farley's Law which predicted Dewey's win, in favor of more mathematically precise polling methods used today.
(Source: Zach Karabell, The Last Campaign)
None of the above applies with any real relevance to the here and now. History is complex, rather than a headline subject to "jinxes".
IronLionZion
(45,442 posts)and local elections. We need our people to vote and not be complacent by thinking it's an easy win so no point voting.
We do NOT need republicans winning those other races.
ColemanMaskell
(783 posts)Sort of just a colorful way of saying it's always hazardous to get overconfident.
Thanks for the history lesson all the same though.
Gothmog
(145,256 posts)JustABozoOnThisBus
(23,340 posts)What is their motivation to pay out early? Why not invest the money until Nov 9?
Or, are there shenanigans?
OnDoutside
(19,956 posts)risk anyway, so it won't cost them much, if anything.
Princess Turandot
(4,787 posts)Divine Discontent
(21,056 posts)Especially if a billionaire bets $5 million to make a quick half mil