Betting on politics: impeaching the US president

Matthew Partridge looks at the betting odds of America's President Trump getting impeached.

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Trump: heading for impeachment
(Image credit: 2019 Getty Images)

With the Mueller report now published, it's a good time to look at what the betting exchanges are saying about President Donald Trump (pictured) and the odds that he will face impeachment. And for the moment it's looking bad for those who think that he'll be forced out of office within the next eight months.

While the main exit-date market on Betfair has seen a lot of activity, with a total of £1.3m wagered, you can now get 14.5 (6.9%) on Trump leaving office this year and only 1.07 (93.4%) on him surviving until at least next year.

Interestingly, punters are also very sceptical that he'll go the wayof President Richard Nixon, as you can get 4.7 (21.2%) that he'll be impeached during his first term in office and 1.23 (81.3%) on himnot being impeached. It's important to note that the rules of Betfair's market only requiresthe House of Representatives topass at least one count of impeachment, so punters clearly don't think that House speaker Nancy Pelosi will allow him to be impeached.

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Betfair has also launched another market on Trump's exit date that extends until 2025. In this case, a 2021 exit date (the date he'd leave if he lost the next election) is currentlythe most favoured outcome at 2.06 (48.5%), followed by 2025 (the date he'd depart if he served a full second term) at 2.6 (38.4%). Of the irregular departure dates, 2020 has the shortest odds at 10.5 (9.5%). Of all the above bets, the one that I'd recommend is the 2.06 on him to depart in 2021.

Dr Matthew Partridge

Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.

He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.

Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.

As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.

Follow Matthew on Twitter: @DrMatthewPartri