Betfair Exchange sees remarkable £250MILLION matched on Trump vs Harris Presidential race
AN incredible quarter-of-a-BILLION pounds was matched on the Betfair Exchange during the 2024 Presidential election.
Donald Trump's victory over Kamala Harris earlier this month came after months of campaigning, a change in Democrats leader and a rollercoaster in terms of the betting.
Trump and Harris' predecessor, Joe Biden were flip-flopping favourites at the start of the year having been favourites to be the Republican and Democrats nominee, respectively.
At one stage earlier in the year, Harris was as a big as 100/1 for election success.
Those odds would quickly drop in the summer after the first Presidential debate, with Biden's horror show forcing him to step down a month later.
It was around this time that Trump hit a low of 1.44 following the failed assassination attempt at one of his rallies. It was a huge moment in the race and many commentators believed the race was won at this point.
However his stronghold in the market quickly disappeared and Harris - taking over once Biden finally, officially stood down - took favouritism.
That didn't play out for long though and despite several changes in market leader across September's debate, Trump would take a hold of the and went into election day as the 1.69 favourite.
And so it proved to be for backers, with the Betfair Exchange now predicting an impressive 23 of the last 25 major elections.
Betfair's Sam Rosbottom, who was a key part of The Sun's coverage of the race in its closing stages, , with £179million of that on Trump himself.
While a mammoth £50million was placed in the eight hours since the polls closed.
Betfair Spokesperson Sam Rosbottom said: “Punters predicted that Donald Trump would romp to victory for more than a month before the Presidential Election.
"The Republican was favourite on the Betfair Exchange from early October, right through till Election Day itself becoming shorter and shorter as the night went on.
“By the time Trump swept to victory, a quarter of a billion pounds (£250m) had been staked on the market with the overwhelming majority of bets and money on him by the time he had been declared the victor.
"It was another hugely popular election with punters and while not as big as 2020, showed how the Exchange very rarely gets it wrong when it comes to politics predictions."
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