A BRITISH punter has misplaced $5million after betting on Donald Trump to defeat Joe Biden within the US presidential election.
The previous banker, who relies offshore, used a personal bookies registered on the Caribbean island Curacao to position his dangerous gamble – believed to be the biggest political punt ever made.
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Donald Trump’s loss within the presidential election value a British punter $5million Credit score: Splash Information
A good friend of the fluttering financier stated he had consulted with “Trump camp insiders” earlier than making the excessive danger guess that would’ve netted him a return of virtually $15million at odds of two.85.
A betting industry source told The Sun: “Phrase of this guess has completed the rounds and we predict it is the most important ever made on politics.”
The punter was not alone in putting a flurry of bets forward of the nail-biting November 3 election.
One UK punter positioned a whopping £1.54million on Democratic nominee Joe Biden defeating the incumbent Donald Trump.
Alex Kostin of Americangambler.com stated: “As Joe Biden has been elected the forty sixth President of American, UK bookmakers breathe a sigh of aid; with 90% of the cash backing Trump, the end result marks one of many greatest windfalls for the bookies.
“With greater than £600m wagered on the election, a Trump victory would have been a disastrous consequence for any bookmaker as they saved Trump’s odds comparatively lengthy all through all the marketing campaign – regardless of the huge quantity of bets backing Trump.
“However it paid off. The trade will likely be paying out round £180m, whereas if Trump had come out because the winner, they’d be seeking to half with about £400m in payouts – if not ever extra.
“One punter that could be celebrating greater than others this night is the one who put down a £1m guess on Biden a number of days earlier than Election Day on the odds 8/15.”
Ladbrokes confirmed that three in each 4 bets went on the Republican through the last week of the marketing campaign.
Political betting is unlawful in america however it’s permitted abroad.
Final week, Betfair election knowledgeable Paul Krishnamurty told Newsweek that the massive betting sums have been coming in within the finals days forward of Election Day due to “rising confidence within the betting market”.
“That is what we all the time see on the finish of an election the place the folks get extra assured in regards to the market and the large hitters enter,” Mr Krishnamurty stated.
One Brit positioned over £1million on Joe Biden successful Tuesday’s contestCredit score: AP:Related Press