US elections presidential 2016 odds
According to spokesman Rory Scott, as of last Sunday evening, Paddy Power had taken more than 5, 000 individual bets on the election. In 2012, the company said over $3 million in bets were made on the election. It expects over $6 million in bets for this race. Overall, Scott predicted betting on the 2016 race would be a $100 million industry in the United Kingdom.
For the general election, Scott said Paddy Power derived the odds based on the prices for each candidate to be his or her party's nominee and that party's odds of winning. As of Sunday evening, Clinton was the favorite, followed by several Republicans. Scott noted she received about 33% of the individual bets made on the race.
Check out Paddy Power's general election odds below.
Paddy Power is also taking bets on each party's primary. As of Sunday evening, while Clinton was the overwhelming favorite to win the Democratic contest, the Republican field was much more wide open. Former Florida Gov. Jeb Bush is a slight favorite, closely followed by Wisconsin Gov. Scott Walker and Florida Sen. Marco Rubio. According to Scott, many more people are betting on the GOP primary.
"This is where we're seeing the majority of bets placed — the open field lends itself to a much more interesting betting market, " Scott said of the Republican primary.
Scott described betting on the Democrats as "woefully slow, " which he attributed to people "waiting" to decide whether Clinton would enter the race.
Check out Paddy Power's odds for the two primaries below.
Paddy Power is also taking bets on the gender balance each party's ticket will have. As of Sunday evening, bettors seem confident that two male Republicans would run while, with Clinton leading the way, the Democratic ticket is expected to be split.
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The first Tuesday in November of 2016. We have a presidential election every four years. It is always the first Tuesday in November of every election year.
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