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Bookies Don't Like Trump's Chances of Surviving His Presidential Term
Big bookies aren't offering great odds for punters looking to bet against Donald Trump making it to the end of his term in the Oval Office.
While Donald Trump's victory may have some significant political and other big-scale implications, the entire presidential campaign gave betting fans a lot to work with. Some of those who backed Trump early on ended up with a tidy profit as his win surprised many bookmakers who gave generous odds, thinking it'd never happen. Now that Trump is about to officially take over the Oval Office tomorrow on January 20, bookies have come out with odds on the new president actually completing his terms.
Although Trump managed to outrun Hillary Clinton in the last moments of the presidential race, it seems that many experts don't see him holding the position for too long. The controversial businessman has always been seen as somewhat of a wild card, and it's almost impossible to predict his moves. For all we know, he might not be able to predict them himself.
Irish bookmaker Paddy Power is one of those who had to pay a significant amount after the shocking revelation on the morning of November 9. Now, they are being very cautious with their predictions about him holding down the office. The odds on Trump being impeached before the natural end of his terms stand at 4-1, which is much lower than the odds the bookie offered for Obama (8-1). If you'd like to bet that the new president will not make it to the end of his term for whatever reason (including his resignations), the odds are just 7-4.
Allan Lichtman, a history professor who's correctly predicted presidential winners in the States for the past 32 years, seems to be in agreement with the bookies. Lichtman stated that his intuition is telling him Trump will not make it to the end and he will be impeached. The professor bases his prediction on the fact that Trump is a president who won't be controlled, and no one wants that.
Historically speaking, only two presidents were impeached (Johnson and Clinton), and Nixon was the only one who resigned (after the Watergate). These facts suggest that betting against Trump might not be such a good idea. On the other hand, the Land of the Brave never had such a controversial and unorthodox leader, so everything's in the cards.
Now that he's won, perhaps Trump decides he doesn't even like being the president after all.