A UK gambler went big on the 2020 US Presidential Election, betting $5 million on Donald Trump to be re-elected, a wager that sure looks like it’s going to bite him in the keister.
The man is a retired banker and he placed wagers at books based in Curacao, securing odds of 37/20, which could have resulted in a payout of $15 million. Reportedly, he consulted with Trump “insiders”, who told him that Donald’s odds of winning were better than they appeared. Indeed, Trump did outperform polls on election night, and at one point was even favored to win the election. However, as absentee ballots began being counted, Trump’s margin shrank and it now appears to be almost certain that he’ll lose the election to former Vice President Joe Biden.
That result will likely take weeks to resolve though, as Trump and Biden legal teams are contesting the counts throughout the country.
Commenting on the size of the wager a betting source said, “Word of this bet has done the rounds and we think it’s the biggest ever made on politics.”
While having enough money to make a bet of this size is a luxury that likely won’t interfere with the gambler’s day-to-day life, it still has to be maddening to see such a large bet go down the toilet.