A British gambler has allegedly placed a $5 million bet on President Donald Trump winning Tuesday’s election, according to Britain’s The Sun.
The bettor used private bookmakers in the small island country of Curacao to place the bet at 37/20 odds, meaning he would win about $15 million if Trump wins a second term, The Sun reports. “We think it’s the biggest [bet] ever made on politics,” an unnamed industry source reportedly told The Sun. (RELATED: Trump Races To The Finish, Holding 10 Rallies In 2 Days)
The bettor, alleged to be a former banker, made the decision after consulting with “Trump camp insiders,” per The Sun. Betting on politics is illegal in the United States but is very popular elsewhere in the world, including the UK, per the New York Post.
DON THE MONEY: Mystery Brit gambler bets $5MILLION on Donald Trump election victory in the ‘largest political wager ever made’: https://t.co/nZIeGGvRI9
— Harry Cole (@MrHarryCole) November 2, 2020
Despite Democratic presidential nominee Joe Biden being considered a strong favorite by most pollsters, about three in four bets to be placed in the past week on the election are for Trump to win, British gambling company Ladbrokes reportedly told The Sun.
While more money in total has been placed on Trump, a spokesperson for Betfair said it should be noted that the 10 highest wagers so far had all been placed on Biden prior to this $5 million mystery bettor, per Newsweek.