Odds Again Slashed for Trump Nobel Prize Win After Summit

Odds Again Slashed for Trump Nobel Prize Win After Summit

The long-term impacts of the United States summit with North Korea remains to be seen, but top bookies expect it could result in one of the world’s most prestigious awards.

Top bookmakers like Ladbrokes and William Hill have slashed the odds of President Donald Trump winning or sharing the Nobel Peace Prize with North Korean leader Kim Jong Un. Consensus now has the odds dropped from around 10/1 a few months ago down to as low as 6/4.

It is a stunning consideration for a man that has angered leaders of multiple allied western nations with divisive language and another that has been derided as a dictator by most of the world could be betting favorites to win the award for doing the year’s “best work for fraternity between nations.”

Trump has broken about every prediction imaginable from prognosticators in his rise from reality television personality to leader of the free world. This latest shift in odds again underscores these previously inconceivable developments.

Running a campaign and subsequent government administration with little similarity to any other modern presidential candidate, Trump seemed an unlikely candidate to earn the Nobel Prize. A year ago bookmakers had his odds for the prize as long as 100/1 - or the same as one bookie jokingly offered as a demand from Kim to have his face chiseled into Mount Rushmore.

Ladbrokes spokeswoman Jessica Bridge highlighted this latest twist, which has seen a U.S. president meeting a North Korean head of state for the first time in history. This unexpected opportunity to engage a nation that the U.S. and its western allies have long considered an existential threat have pushed Trump to the top of predictions for one of the most iconic recognitions in the world.

“Love him or loathe him, Trump has made history where others have failed. We've been left with little option but to slash his odds of landing both the Nobel Peace Prize and serving a second term in the White House.”

Noble Prize Committee Weighs In

While a group of Trump’s fellow Republican lawmakers have vocalized support for the U.S. president, the Norweigan Nobel Committee, which will determine the award’s recipient, have not been as supportive.

Committee member Thorbjoern Jagland tweeted in 2015 that Trump’s behavior was “divisive and irresponsible from a presidential hopeful.” He hasn’t commented publically about how Trump’s current behavior, including the summit, would impact his chances.

Committee Vice-Chair Henrik Syse wrote in 2016 that “President-elect Donald Trump has, with his rhetoric, lowered the threshold for moral decency so far it is downright scary,” though he told Reuters his words do not reflect his role in the committee.

In a 2017 piece in The American Interest, fellow committee member Asle Toje warned of how Trump “seems to misread profoundly how the prevailing national and international orders work” though cautioned that much of the panic about his presidency was overblown.

The two other members of the five-person Nobel committee have reportedly made no public comments.

Trump Presents Marquee Prop Bet Chances

While the committee may not have shown and outward embrace toward the U.S. president, it hasn’t stopped bookmakers from building a betting market on Trump’s chance for the award or dozens of other developments relating to North Korean relations.

Paddy Power, a leading bookmaker known for outlandish props and for paying out early on a Hillary Clinton win for the presidency in 2016, has a lineup of wagering opportunities that range from the serious to the ridiculous. Among the highlights are if Kim will form a trade alliance with the UK in the wake of Brexit or if he will place a bid for Premier League football squad.

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