The value bet is that he won’t
A number of US commentators are taking the view that the order in which results came in on Tuesday evening is giving a distorted picture of what happened. The early news about the races in Ohio and Florida dominated the initial thinking and overshadowed what is now clear was in fact a big success for the Democrats. The party looks set to make more House gains than at any Midterms since Watergate.
The latest house seat calculations put the party on 230+ and there are good prospects that that will be exceeded. There’s also a strong chance that the Arizona senate election might produce a victory for the Democrats and now Florida is in doubt.
That Trump’s administration is going to be much more accountable to Congress is going make things much less comfortable 2 years for the incumbent and his style of government.
He made the election a referendum on himself and the voters gave their verdict which was not good however he tries to spin it. The big question now is how the Republican party establishment see him and whether the view takes hold that having him at the top of the ticket in 2020 might produce more negative results for the party than having a different candidate.
On top of that we do not know how Trump is going to cope with the extra detailed scrutiny and whether he might just feel the time is right to call it a day and not to put himself forward again. We must never forget that Trump is quite old, 72, and does not give the impression of having a lifestyle that ensures longevity. Health could well be a major problem.
With long-term positions on the Betfair Exchange I like to go with ones where there could be a fair degree of movement. One of those, I would suggest, is on the Republican nomination for 2020.
My best price secured yesterday afternoon, layng Trump at 1.38, suggests that Trump has a 72% chance of being nominated which I believe is far too high which is why I’m reinvesting part of my midterm winnings by laying Trump on the nomination market. The Betfair price has now edged to 1.45 – a 68% chance.
Bets, as I always say, are not predictions but assessments of value. My guess is that this price will bob up and down quite a lot in the next 2 years and there will be plenty of time to cash out at a reasonable profit if that seems the best option.