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A Clinton
contract on the popular PredictIt betting market gained 6 cents
from the previous day's level to 69 cents, while a contract
favoring Donald Trump's prospects for victory tumbled 7 cents to
31 cents. Contracts are priced from 0 cents to 100 cents, with
the contract price equating to a probability of whether that
candidate will win the Nov. 8 election.
The price swings for both candidates were the largest since
early August, and placed Clinton's lead in that market at the
widest in about two weeks.
Clinton's prospects also improved on the Irish betting site
Paddy Power.
About halfway through Monday's debate, she was shown as a 1-to-2
favorite, and those odds shortened to 4-to-9 in the moments
after the debate ended. Trump's odds lengthened to 23-to-10 from
9-to-4.
The swing following the debate put the brakes on a big Trump
price rally on PredictIt that coincided with a tightening in
most public opinion polls. The implied probability of him
winning had risen to 38 cents on Sunday from just 28 cents at
the end of August.
Bets on Trump fell as low as 5 cents on February but went up as
high as 44 cents in May. Bets on Clinton, the persistent
favorite in most wagering markets, went as low as 37 cents in
January and as high as 79 cents in August.
The debate on Monday was the first of three scheduled face-offs
between the two candidates before the Nov. 8 election.
(Reporting by Angela Moon; Writing by Dan Burns; Editing by
Peter Cooney)
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