23:11 GMT04 July 2020
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    UK online gambling site Paddy Power will be paying out close to $1 million dollars for bets taken on Democratic nominee Hillary Clinton winning the US presidency. On Tuesday the site had the odds of a Clinton victory at 2/11.

    Paddy Power is among several groups betting on the former US Secretary of State. An electoral college projection by Reuters/Ipsos States predicted 95 percent odds that Clinton would win if the election were held this week. FiveThirtyEight.com had Clinton winning by a staggering 88 percent on Tuesday.

    "Trump gave it a hell of a shot going from a rank outsider to the Republican candidate but the recent flood of revelations have halted his momentum and his chances now look as patchy as his tan," remarked Paddy Power spokesman Josh Powell, in a statement on the site’s blog. 

    "Recent betting trends have shown one way traffic for Hillary and punters seemed to have called it 100-percent correct. Despite Trump’s Make America Great Again message appealing to many disillusioned voters, it looks as though America are going to put a woman in the White House."

    Powell also admitted that Paddy Power’s "gutsy" bets have not always panned out. He noted early payouts to bets on the 2009 PGA Championship Tournament and 2013 Premier League football title game, that both turned out opposite their predictions. 

    U.S. Senator Hillary Clinton (D-NY) places her hand over her heart during the National Anthem at the 30th annual Harkin Steak Fry in Indianola, Iowa, in this September 16, 2007 file photo
    © REUTERS / Joshua Lott/Files

    It is expected that 20 million pounds will be bet before the November 8 US election.

    The Dublin-based site is best known for being so confident in the reelection of Barack Obama in 2012 over challenger Mitt Romney that they paid out $650,000 in bets two days before results were announced.

    A spokesperson wrote on the site at the time: "Romney gave it a good shot and is doing well in the popular vote, but we suspect he’s had his moment in the sun and is likely to be remembered more for his legendary gaffes than presidential potential. The overall betting trend has shown one-way traffic for Obama and punters seemed to have called it 100-percent correct. Despite Romney appealing to the large evangelical and senior vote, America’s sticking with black and cool."


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    Election2016, gambling, Ireland, Dublin
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