The joke that is Donald Trump is serious business in the gambling world, as people place big bets on whether the Donald would be impeached or quit before his term is out.
Gambling houses all over the world are taking in action on whether Trump, inaugurated just last month, will resign or be impeached. And the odds aren’t as long as you might think.
Ladbrokes, the British oddsmaking giant, has Trump’s chances of leaving office via resignation or impeachment and removal at just 11-to-10, or just a little worse than even money. The odds of Trump being impeached this year in the House of Representatives are only 4-to-1, according to the Irish bookmaker Paddy Power, despite GOP control of the chamber. You can win $180 on a $100 bet with Bovada, the online gaming site, that Trump won’t make it through a full term — though the bet is off if Trump passes away during the next four years.
All in all, Trump has meant big business for the international gambling industry. There’s always been betting on politics — mostly as a novelty around election season — but professional bookies say Trump’s unlikely victory and tumultuous transition mean that gamblers are jonesing to wager on his presidency.