a spicy tweet for all the "centipedes" in freeper land
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.
What’s this I saw this a.m., McCain and McConnell, the pseudo Republicans, have more block busting news on Trump? (Our Two senators who definitely need term limits.) As I see it, those Republicans who are against Trump must have a lot of dirt on their hands. All this play for pay and scratch my back time will be exposed by Trump and they fear him on both sides of the aisle. That’s why there is all this pressure on the Trumps. They don’t want outsiders to interfere in their dirty business.
It is amazing to me the sheer volume of actual proven serious criminal activity and deception known to have been committed by Obama himself and all the media did was set up a smoke screen for him to hide the truth. Now there is a pattern of actual collusion. With President Trump the media repeatedly even goes after his family with ridiculous speculation about actions that are not even close to being criminal or immoral or anything at all... it is crazy.
The odds for people who make stupid bets on stupid things. Why does FR allow these useless posts?
Lol!
And don’t forget that Barron once owned a toy that was manufactured in CHINA!!! ~gasp!~
True the people have moved on but I cannot turn on ANY (are you listening, Fox?) news program without hearing Russia Russia Russia! So then I tune out, tune out, tune out.....
Instead, I watch Yogi Bear reruns from the ‘70’s!
Ha Ha!
Clearly disinformation planted in the media......no such odds exist.
Since the WSJ, WaPo, NYT, and CNN have been well known outlets for CIA disinformation operations in the past; (As exposed in the Church Committee Congressional hearings)......are those same operations currently very active through their agents placed in the MSM?
Are elements of the US Government attempting to pull off a soft-coup against the legally elected President of the United States? .......as they did with the murder of JFK?
Is President Trump being visciously attacked via disinformation agents planted in the MSM as part of a contemporary version of Operation Mockingbird?
It’s not crazy, it is one of the rules of radicals by Saul Alinsky. Problem is we have never learned how to successfully defeat it......and we better figure it out.
“RULE 8: “Keep the pressure on. Never let up.” Keep trying new things to keep the opposition off balance. As the opposition masters one approach, hit them from the flank with something new.”
This firm also paid out Hillary to win early. Not a very reliable firm.
Evidently the irish don’t have a clue how impeachment works. What they do get is 24/7 mainstream news with nothing to balance it.
So, ignorant of the truth is still ignorant.
Fortune is a Never Trump rag .
Its a rag full of Trimp hate.
If you remove OUR PRESIDENT, we will remove you....these fools had better tread carefully.
I’ll take that one. Gimme your money dope.
Shuffled out of the White house = impeachment.
What other way is there? I don’t think their taking bets on him being shot, right?
a spicy tweet for all the "centipedes" in freeper land
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