Bookmakers in the United Kingdom believe that the odds of President Trump leaving before completing his full Term In Office are very high. Some claim as high as 55% but this information has not been verified since there are so many bookies in the UK giving different odds.
The betting activity
Betfair has reported that British gamblers have already bet more than £5,000 (approximately $6,450) in just a few hours on President Trump leaving office before January 2021.
Ladbrokes, another bookmaker, has reported that until now they have taken bets of around £50,000 (approximately $64,500) on various bets from gamblers who believe that President Trump will leave office early.
Bookies explain the odds
Betfair has reported that betting activity on President Trump not finishing his full term in office spiked right after he asked the former Director of the FBI James Comey to stop an investigation into alleged ties between former White House national security adviser Michael Flynn and Russia.
Bookmakers believe that the odds are as they are because there is a risk that the President’s economic reforms may slow down and the demand for dollars may fall. As a result, they think that the President might face impeachment.
A Ladbrokes spokesperson explained that the odds are there and gamblers are betting because 'barely a day goes by without a Trump scandal, but money talks and gamblers are becoming increasingly convinced that the president could be impeached sooner rather than later.
Of course, these are all theoretical and are based on the beliefs and expectations of gamblers. However, it is still very interesting that so many people abroad are willing to bet money on President Trump not finishing his term in office.
The reality
It seems that many people abroad do not fully understand that the system in the United States is a Presidential Democracy where the President is elected directly by the people to serve his term and that it is extremely difficult to remove a president from office before completing his/her term.
Most people abroad live in countries where the system is a Parliamentary Democracy. In such systems, it is much easier for a Prime Minister to lose support from the majority of the Members of Parliament and be forced to leave Office before completing his/her full term.
Furthermore, President Trump is not very popular in Europe and all of these bets may just be an expression of “wishful thinking.”
Whether you like President Trump or not, the fact is that he was elected democratically by the American people to serve a term of 4 years. It is up to the American people to decide if he will continue as President in the next presidential elections.
