The majority of Americans have already exercised their right to vote, but some top online bookmakers are still taking wagers on who will become the next US President.
While it is still too early to make any calls, some of the punters are showing their confidence and wager fortunes on their favourite. Bookmaker Betfair
, or to be more precise, its Betting Exchange platform has reported one of the biggest bets in its history.
The biggest online Betting Exchange reported taking a bet of £1 million ($1.29 million) on October 29. The wager backing Joe Biden winning the Election should bring the estimated £540,000 ($696,170) in winnings if won. Betfair has also reported that the hefty wager is tied to the third-largest bet in Betfair's history. The only wagers with a more massive stake were the £1.1 million bet on Rafael Nadal during the 2010 French Open, and a little over £1 million bet on Floyd Mayweather Jr. during the Conor McGregor bout (2017). Another great news for the risky punter is that all top 10 largest wagers ever taken by Betfair (however been only placed on sports) were winners. Just for the reference, the biggest political wager ever taken by the bookmaker Betfair was a £555,000 bet made on Trump during the 2016 Election.
While oddsmakers are favouring Biden to win and the industry is set to hit a £1 billion mark, we have another massive sum being wagered on the Election; however, this time on President Donald Trump. Another mysterious British punter has staked a solid amount of £3.9 million ($5 million) on Donald Trump's victory. The wager has reportedly been placed at one of the online bookmakers
after consulting with Trump's camp itself. The mind-blowing wager could bring its owner a bigger fortune of around £11.5 million ($15 m) if Trump is to defeat his opponent in the Presidential race.
Well, what do you think about these astonishing political wagers? Who is your favourite in this Presidential Election? Please, share your comments below.