You don't actually have to be an idiot to be a democrat.
It's just that no one has tried it for more than 50 years.
Posted on 07/13/2017 7:30:00 AM PDT by TigerClaws
Donald Trump Jr. left many speechless when he shared his full email exchange with Russian lawyer Natalia Veselnitskaya that led to a meeting during his father’s presidential campaign in 2016.
While some are accusing Trump Jr. of collusion, others are getting out their wallets: PaddyPower, an Ireland-based betting site, has seen more users placing bets on President Trump being impeached before the end of his first term, bringing the site's total odds of the President being shuffled out of the White House by 2021 up to 60%—the highest it’s ever been, according to company spokesperson Lee Price.
"[President Donald Trump] had gone quiet over the last month, and we were starting to wonder if he might have ridden out the initial controversies – but he’s back with a bang today,” Price wrote in an email to Fortune Wednesday.
Not only are PaddyPower bettors increasingly putting their money on Trump being impeached before his first term is over, but they are also betting on him being impeached as soon as this year, bringing those odds up to 33.3%. That's despite the fact that impeachment proceedings are usually lengthy.
"Everyone is betting on the 'yes' side of impeachment," Price said, saying hundreds of thousands of pounds had been placed on that bet.
In fact, there is so little money on Trump staying on board for the full term of his presidency that PaddyPower would pay out just 37 pounds, or $47.68, to the winners.
So how much could these betting on impeachment stand to win if their bet works out? A user who made a $1 bet today would be in for a profit of 67 cents. If that user made a bet that Trump’s impeachment would be inevitable back when he was inaugurated in January, they would pick up about $10 for every $1 invested.
That might not seem like a huge opportunity lost, but lets continue scaling the bets up. A user who bet $1,000 today would make a profit of $670 if Trump were to be impeached. That would be $10,000 if they had made the bet around the inauguration.
Now let's say the bettor decided to go all-out, putting the value of a Ford Focus Sedan into the pool Wednesday: If Trump were to be impeached, they would be eligible for a windfall of about $6,700. But if they had made the call inauguration day, their payout would $100,000.
If the investor decided to place a bet as high as $100,000 today, that would result in a potential profit of $67,000—or enough to buy a Tesla Model S. Meanwhile, placing that same bet at Trump's inauguration would result in a profit of $1 million.
That said, PaddyPower is hardly a foolproof predictor. Another betting website called Predict-It sees just a 9% chance of Trump being impeached this year, down from the 30% chance it saw after then-FBI Director James Comey was fired in May.
So the euphoria of a potential windfall may be short lived for those PaddyPower bettors, most of whom are unlikely to be Americans.
Although, it's not just betting sites weighing Trump’s odds of impeachment since news of Trump Jr.'s Russia meeting.
"We believe the risk of impeachment proceedings is now higher than before," Citi Bank’s Tina Fordham wrote in a note on Wednesday, though she added that impeachment is still unlikely. "It would be highly unusual and indeed likely politically costly to the party's electoral prospects to pursue impeachment proceedings against a president of their own party, particularly with Midterm elections a little over a year away."
Meanwhile, California Democrat Rep. Brad Sherman placed a different kind of bet when he filed an article of impeachment against President Trump Wednesday.
Have they been betting against the stock market as well?
2 TERMS 2 SCOOPS 2 GENDERS
There is nothing to impeach Trump for and it won’t be happening.
Exactly.
Is this the same Irish betting site that actually paid out Hillary betters before the election took place?
Oh no! Is this the “beginning of the end” for Donald Trump (again)?
Oh My ,another , YAWN
BS! Total BS!
Bookies look for suckers every day and usually get them.
These folks are going to be jumping off rooftops in droves the night Trump is reelected.
Whenever I here this impeachment cr@p, I ask two questions:
1. WHAT did he do??
2. Where is the EVIDENCE??
Allegations from anonymous sources do not count and mean nothing.
Then the odds of CW II breaking out must be above 97%.
It’s the ‘end of the beginning of the end.’
Any day now.
Dems continue to live in denial he’s President. Some Newsweak article out about a much followed Twitter feed following the daily activity of the Hillary Clinton presidency. They believe she won and the election was ‘hacked by the Russians.’
Oh My ,another , YAWN
Agree..I can’t wait until the media proclaims that the odds are “100%!!!!”..then crickets..drama queens all.
CNN is reporting that Ivanka used Russian tampons once.
Wait til they find out Eric talked to a Chinese lady last summer. The % goes up to 75.
You don't actually have to be an idiot to be a democrat.
It's just that no one has tried it for more than 50 years.
if there is any indictments, I will be some from the Obama admin...a clear set up that the media is ignoring.....paging Sessions...nap time is over...wake up and do your job. Un recuse yourself or fire the deputy AG, and the deputy FBI director, then replace them with patriots. Also I might add, that it is not illegal to receive info from another source. It is illegal to hack it or steal it like the obama admin did.
If not impeached, that would result in an actual loss of $100,000-or enough to buy an incredibly nice real car.
I cannot believe they consider this collusion. If Hillary never did anything wrong, then no one would be trying to sell the proof.
Did they make odds on the likelihood of Comey being fired? And what exactly were they on the day before the axe fell? Likewise the election itself.
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