What’s the London Betting Line on Trump’s Impeachment?

It’s hard to put into words the feeling you get when the impeachment proceedings against President Trump begin to gain momentum. All those long months of steadily declining markets, political deadlock and partisan bickering have finally culminated in a historic moment of truth. This could be the end of a corrupt administration and a long chapter in American history books.

The impeachment inquiry was not supposed to happen this way. Back in March, as the Covid-19 pandemic engulfed the world and the stock market spiraled downward, most people figured the chances of impeachment were minimal. After all, it’s not like the president had done anything that really warranted such a serious step. Besides, who in their right mind would want to remove a president who was already delivering record-breaking economic growth and had just signed the biggest tax cut in American history?

Well, a funny thing happened on the way to universal acclaim: the tables have turned, and impeachment proceedings are now the favored choice among investors. The UK’s betting agency, BetVictor, has just released odds for the upcoming impeachment trial of Donald Trump in the U.S. Senate. Here are the latest London betting lines.

How to Make Money From Impeachment

If you’re looking to invest in the impeachment trial of President Trump, here are a few speculative opportunities to consider. First up is British stocks. As the markets have risen in anticipation of impeachment, numerous equity indices have risen with them. You may want to buy the VXX, an especially robust long-term performance benchmark for the U.S. stock market. The security’s ticker symbol is VTSAX and it is traded on the New York Stock Exchange under the impressionistic symbol “XBT”. VTSAX has risen 12% since the beginning of this year, and it is projected to rise another 4%–6% over the next month.

Another way to profit from Donald Trump’s impeachment is to bet on the markets. The U.S. stock market is one of the most popular destinations for offshore sportsbooks and betting operators. The impeachment trial of the U.S. president is a popular topic for parlay betting (betting on multiple outcomes), and many bookmakers offer attractive odds on the Senate proceedings. For example, Bet 365, an international sportsbook, has the Senate impeachment trial of Donald Trump as a prop wager (a bet that is based on something contingent or unknown) at 6.0, meaning you would need to lay an outright bet of six British pounds (GBP) — or roughly $9 U.S. — to make a profit of one pound (GBP) on the outcome. On the other hand, if you were to bet on the president being acquitted, you would need to lay an outright bet of four pounds (GBP) to win one pound (GBP).

In the event of a tie – meaning both Trump and the GOP-led Senate are acquitted – you would need to pay out four pounds (GBP) on your original bet if you want to keep your profit. The only way to avoid a tie is with a conviction, in which case you would keep the entirety of your profits.

Why Are Investors Warming Up To Impeachment?

Well, aside from being finally able to close out a losing year on a high note, there are several market-related reasons why investors are interested in the impeachment proceedings. First, as noted above, there has been a massive uptick in public support for impeachment, according to recent polls. A USA Today/Syracuse University poll conducted last week found that 47% of registered voters say they will definitely vote to impeach Trump, while only 33% say they will definitely vote to remove him from office. Another poll, this time from Quinnipiac University, shows that 49% of registered voters say they will back impeachment, while only 38% feel that way about removal via the electoral process. These are extremely encouraging numbers for those who believe that impeachment is the only way to take down a corrupt president.

A second reason for the recent rally is the Federal Reserve. The U.S. central bank has indicated that it will not continue with its usual easy-money policies and could start tightening credit. If that happens, it will be the ultimate deterrent to a potential stock market meltdown. This has caused stock market players to wonder if the Fed will be capable of halting the ongoing rally.

Where Can I Place My Sports Bet?

Sporting bettors won’t have to look far to place their wagers on the impeachment trial of Donald Trump. The British Isle is home to a number of gambling hotspots, including the Principality of BetVictor, which is based in the UK but offers wagering opportunities around the world. The odds makers at BetVictor have released their latest listing of betting options for the Senate impeachment trial of Donald Trump, and there are a number of intriguing matchups to choose from.

The list of prop bets available from BetVictor includes everything from who will be the first to speak to the House Intelligence Committee, to who will be the first to publish a cartoon of Trump wearing a diaper.

What Else Should I Watch?

Apart from the Senate impeachment trial of Donald Trump, there are several other events that could further shake up the global financial landscape. For example, the EU may finally be able to make good on its promise to revoke Brexit. The UK could also experience a “no deal” Brexit if no agreement is reached. Finally, there is the very real chance that Britain will crash out of the EU without a deal if Parliament rejects Theresa May’s Brexit proposal and the divorce proceedings go through the courts instead. All of these events could cause extreme financial volatility – perhaps even a stock market crash – which would give you an opportunity to buy low and sell high on major market indices.

On the other side of the planet, the impeachment trial of the president of Ukraine has been largely overshadowed by events in America, but it has not gone unnoticed. The odds for Volodymyr Zelenskyy’s deposition are now available and, even though he has admitted to interfering in the 2016 U.S. election, favor an acquittal.

If you’re looking to invest in the global economy, there are numerous opportunities to do so. Whether you choose to capitalize on UK Prime Minister Boris Johnson’s divorce proceedings or the upcoming impeachment trial of Donald Trump, there are several interesting odds on the international stage that you may want to consider. A wise investor may do well to diversify their holdings across multiple markets, using offshore companies to conceal their identity while enjoying the benefits of a global economy.