President Donald Trump has survived his first 100 days in office, despite his job approval rating dipping to an all-time low for a U.S. president. And when it comes to Trump completing his first term in office, European gambling site Paddy Power indicates all bets are off.
According to the newest numbers from Paddy Power, the odds of a first-term Trump impeachment have narrowed significantly. While Las Vegas doesn’t allow betting on any events other than sports, U.K. bookies are happy to take bets about Trump’s longevity in office.
Paddy Power currently has the odds of a first-term Trump impeachment at 10/11, up from 2/1 on February 15 and 11/10 on March 21.
Not The Only One
Ladbrokes is also pessimistic about Trump’s prospects. As of March 21, Ladbrokes listed the odds that Trump will “leave office via impeachment or resignation before end of first term” and will “serve a full term” at 11/10, but the site is no longer listing odds on a Trump full term.
Bovada also no longer lists proposition bet odds that Trump completes “a full term as POTUS.” As of March 21, a $115 bet on a full term in office paid off $100, while a $115 bet that the term would be cut short also paid off $100. Bovada is currently taking bets on the year Trump will leave office. A $100 bet on 2017 pays off $350, while a $120 bet on 2020 or later pays off $100.
Following Election Day in November, Ladbrokes listed the odds that Trump would make it through his first term in office at 3/1.
The president certainly can’t be impeached for low approval ratings alone, but the latest numbers from NBC put Trump’s 40 percent job approval after 100 days at the lowest among the past 10 presidents, well below former President Barack Obama’s 61 percent approval in April 2009.
.@NBCFirstRead puts Trump’s job- approval rating in historical context –>
While smart money seems mixed on an early departure for Trump, gamblers aren’t necessarily reliable when it comes to politics. Some of the same U.K. bookies had Hillary Clinton as the heavy favorite to win the election back in November.
U.S. investors certainly don’t seem…
Click here to continue reading
Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!
