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British punter bets £200,000 on Donald Trump win in US election

A man from London has bet £200,000 on a Trump victory. Credit: PA

A London punter has bet £200,000 that Donald Trump will become the next president of the United States.

Should the Republican candidate triumph at the polls on Tuesday, the unnamed man who placed the bet stands to win £500,000, on top of the return of his £200,000.

The bet comes just days after another punter gambled £37,000 on a Trump victory, prompting bookies to slash their odds.

The latest bet was made on online spread betting site, Spreadex, on the company's fixed odds prices with the bets placed at different dates and on different odds in the lead up to polling day.

Connor Campbell, Financial Analyst at Spreadex, said: “The US election is now our single biggest betting event ever and we are seeing some huge bets being placed, including one customer who has staked £200,000 on a Trump victory.

"With the US in the closing stages of the campaign and the polls seeming to change almost hourly, it should make for a very interesting few days in the lead up to the election.”