Betfair: Le Pen poses as “attractive proposition” to politics punters

3 May 2017

betfair politicsAccording to an analysis by the Betfair Politics department, almost 30% of online politics punters are backing far-right candidate Marine Le Pen as the winner of the French Presidential Elections 2017.

This is not so much matter of careful consideration however, as the most significant factors seem to be a combination of high odds (10.00 - 9/1) and belief that Le Pen will manage to pull a "Trumpesque" upset. Although these odds translate to a percentage as low as 10%, according to Betfair, politics bettors think that Marine Le Pen still poses as an ‘attractive proposition’.

Emmanuele Macron is currently being traded at 1.11 - 1/9 odds and is considered as a clear cut favorite to become the next French President. According to French news outlets, he currently holds a lead ranging from 4 to 20 points.

No matter what the final result might be, the French Elections 2017 are proving to be a fruitful market for Betfair, who have taken in £22 million in bets. This figure is already higher than the Scottish Referendum 2015 and ranks as number 3, standing behind the Brexit Referendum and the US Elections of 2016.

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If you make yourself familiar with every pink and blue box, you’ll realize why Betfair is a completely different story from any other traditional bookie. The most famous betting exchange operator, Betfair has been in the industry since 1999 and have been the pioneers of a great number of services that almost all reliable bookies offer today. These include live streaming, cash out and many more. As a betting exchange they allow every bettor to act like a bookie himself and lay bets instead of only backing them. However their bonus policy is slim and perhaps could see an impovement.

 

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