In “Foregone Conclusion,” Bookies Pay Out Trump Bets Early

On Tuesday, Donald Trump “schlonged” the GOP field.

After what amounted to a series of truly epic wins on the heels of a “disappointing” showing in Iowa, the GOP frontrunner stormed to victory last night, sweeping seven states and serving notice that the “protest vote”- at least on the GOP ticket – is not only alive and well, but is ascendant.

Although establishment candidate Marco Rubio and the good-natured John Kasich feigned confidence, it’s likely game over.

Trump is all but assured to lock up the nomination and now, the GOP faces an identity crisis. Neither of the two frontrunners (Trump and Cruz) represent the establishment. The preferred party candidate (Jeb Bush) was beaten so badly that he was forced to simply throw in the towel or risk further embarrassment.

For those who missed it, here’s what the delegate race looks like after Super Tuesday:

For anyone who thinks Trump won’t ultimately secure the nomination, you might want to check with the bookies, because Paddy Power has gone ahead and paid out on Trump winning the GOP nomination

“Since 1988, the candidate to clean up on Super Tuesday has always gone onto win their party’s nomination,” Ireland’s largest bookmaker said in e-mailed statement on Wednesday. As Bloomberg notes, “gambling companies pay out early when they regard the result as a foregone conclusion, in part because it draws publicity and in part because gamblers often recycle winnings into other wagers.”

Right.

And the next wager is on Trump taking the oath of office. It’s looking more and more likely that that bet will pay off early too.


via Zero Hedge http://ift.tt/1Y1E3gI Tyler Durden

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