US Presidential Election 2016 odds: Donald Trump is looking more and more likely to become President, according to bookies

James Nickerson
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Donald Trump Hosts Nevada Caucus Night Watch Party In Las Vegas
Trump is now favourite to win the Republican nomination. (Source: Getty)

The once-upon-a-time underdog of a competitive Republican pack, Donald Trump is looking more and more likely to win the Republican nomination and mount a strong bid for the White House.

After the outspoken billionaire won the Nevada caucus, his third win on the campaign trail, bookmakers have slashed the odds on him winning the nomination.

Betway cut Trump from 4/5 to 1/2 to be the Republican nominee after a decisive win in Nevada, where he picked up 14 delegates and 45.9 per cent of the vote.

Read more: Trump declares victory in Nevada Republican caucus

He's now pulled clear from his closest competitor, Florida governor Marco Rubio, who has drifted from 11/10 to 6/4 after the result. Rubio claimed seven delegates and 23.9 per cent of the vote.

Meanwhile, William Hill has also cut Trumps odds from 4/5 to 1/2, while pushing his odds down to 5/2 to become the next President.

"Political punters, who have been betting on him becoming President since he was 200/1 to do so are closing in on the biggest Presidential payout since we started betting on US Elections some fifty years ago," William Hill's Graham Sharpe said.

Read more: What’s really behind the rise of Brand Trump?

On the other side of the race, Hillary Clinton remains the clear favourite to win the Democrat nomination, with all eyes on South Carolina on Saturday. Vermont senator Bernie Sanders is now at 9/2 to win the nomination.

Overall, Clinton is still the frontrunner to enter the White House, with odds of 4/5 with William Hill, but with Trump hot on her heels.

Who would have thought it...

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