The Trump impeachment odds are in your favor! If you wanted to make a bet on whether Trump will be impeached — or possibly more accurately, when he will be impeached — now is the time, as foreign bookmakers are taking a variety of bets on the issue. Play your cards right (so to speak) and you may win a few bucks!
If you live in the United States, the idea of betting on the outcome of a political matter may seem ridiculous to you — after all, here in the States, the only legal bets (or at least, the only ones legitimate bookmakers will take action on) involve the outcome of sporting events. Say, a boxing match, baseball game, or horse race. But outside of the U.S. — Europe in particular — you can legally and semi-legally make bets on just about anything, including politics. And European bookmakers are getting in on the Trump impeachment game.
For example, Irish bookmaker Paddy Power has a whole page dedicated to Trump’s impending impeachment.
- That Trump will be impeached at all (that is, the House of Representatives passes a vote to impeach, not that he is convicted in the Senate and removed from office): even money. That is, bet one Euro, win one Euro (one Euro = about $1.13 at the time of this writing).
- That Trump will be impeached in 2017: three to one.
- That Trump will be impeached in 2018: five to one.
- That Trump will be impeached in 2019: 16 to one.
- That Trump will be impeached in 2020: 30 three to one.
— Entertainment Weekly (@EW) June 6, 2017
Paddy Power has even taken things a few steps further and is offering odds on why Trump will be impeached. A one-Euro bet on Trump being impeached for Treason pays five to one, perjury eight to one, tax evasion nine to one, and bribery 20 to one.
Paddy Power isn’t the only European bookmaker offering action on Trump’s impeachment. English bookmaker Ladbrokes is also taking bets on a wide variety of Trump outcomes.
- That Trump will not be re-elected in 2020: two to seven; that is, a two-pound bet will win back seven pounds (one pound = $1.29 at the time of this writing).
- That Trump will leave office via impeachment or resignation before the end of his first term: four to seven.
- That Trump serve his first full term: five to four.
— Bloomberg (@business) June 6, 2017
In a statement, Ladbrokes spokeswoman Jessica Bridge said that so many bets against Trump surviving his term are coming in, they have no choice but to offer odds with a comparatively low payout.
“Political punters [bettors] are wondering how many more scandals can Trump overcome. And despite the short price on offer, money has poured in for the President to be impeached, leaving us with little option but to cut the odds.”
Unfortunately, if you are reading this in the United States, you probably won’t be able to make a bet on Trump’s impeachment or any other political scenario. According to Legal Betting Online, betting on politics in the U.S. exists in a legal gray area.
“Many players just want a simple explanation as to whether or not it is legal to bet on politics in the United States. The short answer is yes, betting political events online is legal in the US simply because there are no specific federal regulations that outlaw the act of online gambling.”
Of course, laws vary by state. And good luck trying to find a legitimate, legal, U.S.-based online casino that’s going to take action on that bet. Further, you can’t open up an account at either Ladbrokes or Paddy Power if you tell the truth and admit that you live in the U.S.
What do you think are the odds that Trump will be impeached?
[Featured Image by Mark Wilson/Getty Images]