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Here are the odds of who will win in 2016
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Now that the first major candidate has made things official, the 2016 presidential race is in full effect.
Business Insider reached out to Paddy Power, Ireland’s largest bookmaker, for its odds on the election. So far, Hillary Clinton is the overwhelming favorite.
According to spokesman Rory Scott, as of last Sunday evening, Paddy Power had taken more than 5,000 individual bets on the election. In 2012, the company said over $3 million in bets were made on the election. It expects over $6 million in bets for this race. Overall, Scott predicted betting on the 2016 race would be a $100 million industry in the United Kingdom.
For the general election, Scott said Paddy Power derived the odds based on the prices for each candidate to be his or her party’s nominee and that party’s odds of winning. As of Sunday evening, Clinton was the favorite, followed by several Republicans. Scott noted she received about 33% of the individual bets made on the race.
Check out Paddy Power’s general election odds below.
Paddy Power is also taking bets on each party’s primary. As of Sunday evening, while Clinton was the overwhelming favorite to win the Democratic contest, the Republican field was much more wide open. Former Florida Gov. Jeb Bush is a slight favorite, closely followed by Wisconsin Gov. Scott Walker and Florida Sen. Marco Rubio. According to Scott, many more people are betting on the GOP primary.
” This is where we’re seeing the majority of bets placed — the open field lends itself to a much more interesting betting market,” Scott said of the Republican primary.
Scott described betting on the Democrats as “woefully slow,” which he attributed to people “waiting” to decide whether Clinton would enter the race.
Check out Paddy Power’s odds for the two primaries below.
Paddy Power is also taking bets on the gender balance each party’s ticket will have. As of Sunday evening, bettors seem confident that two male Republicans would run while, with Clinton leading the way, the Democratic ticket is expected to be split.
Business Insider will have fresh odds next week.
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POLITICO’s coverage of the race for the Republican presidential nomination.
The 2016 Blast
The latest POLITICO scoops and coverage of the 2016 elections.
Prediction markets bullish on Trump as GOP nominee
02/24/2016 01:07 AM EST
Republicans are scrambling to knock Donald Trump off his glide-path to the party’s presidential nomination, but the prediction markets don’t seem to buy it — especially after his resounding Nevada win.
PredictWise, a real-time analysis of betting markets and polls, gives Donald Trump a 62 percent chance to win the GOP nomination, his strongest position yet and nearly double the odds of Marco Rubio, his next-closest competitor.
It’s a reflection, in some ways, of a growing sense of inevitability surrounding Trump’s path to the nomination. Trump saw a dip in his odds of becoming the nominee after Feb. 1, when he finished second in the Iowa caucuses despite a strong lead there, but he’s rapidly rebounded and is again the odds-on favorite.
Ted Cruz, who early returns show finishing in third in Nevada, has plunged meanwhile to just a 1 percent chance of becoming the nominee, according to PredictWise.
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