UK betting frenzy for US election as £125m is bet on Trump to win

British punters have predicted that Donald Trump will win the US election as polls open in America today. 

A total of £125million has been wagered through BetFair on the former President beating Kamala Harris to the White House. 

A betting frenzy is expected in the UK today with the betting company predicting the market as a whole will soar to nearly £2billion.   

While pollsters can't split Trump or Harris, the odds make the Republican the clear favourite to win at 4/6. 

Only £46million of a total £185million wagered on the BetFair exchange is currently riding on Harris. 

According to the odds, Trump is also the favourite to win five of the seven key swing states: Arizona, Georgia, Nevada, North Carolina and Pennsylvania.

The US election has been a blockbuster event for the UK betting industry with £600million wagered across all markets so far.

That figure is also expected to soar today to around £2billion as tens of millions of voters stream to the polls to cast their ballots after an unprecedented electoral campaign. 

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Betfair spokesperson Sam Rosbottom said: 'The US Election is here, and punters have been heavily backing Donald Trump to win. 

'In fact, the overwhelming majority of money we have taken on the market has been for him, a total of £125m has been staked on the Don.

'While his odds drifted slightly at the weekend, the odds have swung in his favour again and he is now the clear favourite to win at 4/6, while Kamala Harris is 5/4.'

He continued: 'Looking at the swing state markets, Trump is the favourite in five of the seven that will no doubt determine the outcome of this election. 

'The punters fancy him to win Arizona, Georgia, Nevada, North Carolina, and Pennsylvania, which most commentators believe will be the key with its 19 electoral college votes.'

The heavily-anticipated result of this year's election will either deliver America's first woman president or what once appeared to be an impossible comeback for Trump.

The rivals campaigned into early Tuesday morning - with Trump giving a speech in the early hours of Election Day in Grand Rapids - during a frenzied sweep of the swing states to pick up the critical final votes that could carry them to victory.

Trump backer Elon Musk implored people to 'vote like your life depends on it,' during an almost three-hour interview with Joe Rogan, who gave his endorsement to the former President.

He argued that Harris' policies would lead to so many illegal migrants being allowed to stay in the country and given U.S. citizenship there would forever be a bias towards the Democrats across the country for decades to come.

'Vote like your future. depends on it, because it does. This is the last chance... I think this is the last election. If Trump doesn't win, this is the last election.'

Trump last night held his closing event in Grand Rapids, Michigan - the same spot he rounded off his campaigns in the last two elections.

Meanwhile Harris, 60, turned to Katy Perry, Lady Gaga, Oprah Winfrey and Ricky Martin for her star-studded final plea to voters in Pennsylvania.

Oprah issued a threat similar to one Musk has put out from the opposite side of the aisle: that democracy is on the brink if the other candidate wins.

'If we don't show up tomorrow, it is entirely possible that we will not have the opportunity to ever cast a ballot again,' Winfrey said.

She added: 'All the anxiety and the fear you're feeling, you're feeling that because you sense the danger.'

The 78-year-old former president finished up the campaign where he finished his previous two, in Grand Rapids, Michigan with a marathon rally speech that stretched well past 2am as attendees headed for the exits.

He told his loyal MAGA fans he would fix what Harris has broken while the vice president warned of the freedoms her rival would take away if elected.

'Doing four of these in one day is a little difficult because not really because the love at every one of them has been like this, it makes it a lot easier,' Trump said as he took the stage at Van Andel Arena at 12:15 am.

He remained his unpredictable self on the stump, at one point mouthing an insult toward former Speaker of the House Nancy Pelosi.

'She's an evil, sick, crazy... It starts with a B but I won't say it. I want to say it,' he said.

However, he rounded out with a message of hope for a victory for himself and his base.

'The ball's in our hand, all we have to do is get out the vote tomorrow. You get out the vote, they can't do anything about it, we win. This will be the single greatest victory, politically speaking, in the history of our country.'