Former NYC Mayor’s mooted bid could alter calculations from all sides

After another dramatic week on Betfair’s US Election markets, punters holding long-term positions about Donald Trump and former NYC Mayor Michael Bloomberg have plenty to celebrate.

With voting for the Iowa Caucus just a week away, opinion polls and markets have flip-flopped in favour of Trump, at the expense of long-term favourite Ted Cruz. From being a 1.25 chance and rated 80% likely to win Iowa a fortnight ago, Cruz’s market estimate has fallen to 36% at odds of 2.8.

Trump is now heavily odds-on at 1.59 or 63%. The billionaire also continues to shorten in the main markets, down to 2.1 (48%) for the Republican Nomination and 5.5 (18%) for to be Next President.

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