Trump win costs Paddy Power

As the world continues to digest the reality of a Donald Trump presidency, Paddy Power are licking their wounds after the upset election result lead to what they have described in their blog as the, “biggest political payout in the company’s history“.

They have paid out $4.5 million paid to punters who backed Trump. That’s on top of the $1.1 million prematurely paid out to those who backed Clinton a month or so ago, following release of the pussy-gate tapes that had Paddy analysts calculating the chance of a Trump victory at 18%.

Losing bets on Clinton in the last month or so would have eased the pain on this line a little, but they have still taken a big bath…reportedly to the tune of $3.3 million.

Interestingly, despite being a rank outsider for the entire campaign, Trump was the favored bet (for Paddy Power’s customers anyway) attracting 44% of individual bets (versus Clinton 15%), and 44% of turnover (Clinton 35%).

Those looking to make a little more cash from the Donald at Paddy Power’s expense will be happy to know that a number of new political lines are already open, including:

• his chances of being re-elected in 2020, currently paying 4 to 1 ;
• his chances of appearing in court during presidency, currently paying 6 to 4;
• his chances of being impeached, currently paying 10 to 1;
• whether the Mexico wall is built (coast to coast), paying 20:1

Buckle up. It’s going to be a bumpy 4 years!