Trump New Favorite to Take Republican Nomination, Betfair Says

Cruz and Trump Pull Neck-and-Neck in Iowa Polling

Donald Trump is the new favorite to win the Republican presidential nomination, Betfair said, less than three weeks before Iowa caucus-goers cast the first votes of the 2016 election.

The odds on a Trump victory are 15/8, or 34 percent, putting the billionaire real-estate mogul as favourite in the market for the first time, Betfair said in an e-mailed statement in London on Wednesday. Previous favourite Marco Rubio widened to 11/5, or 31 percent, while Ted Cruz is 7/2, 22 percent. Betfair didn’t provide earlier odds in its e-mail.

“The market for Republican nominee has been the tightest betting contest in the 2016 presidential election so far,” said Naomi Totten, a spokeswoman for Betfair, in the statement.

A new Bloomberg Politics/Des Moines Register Iowa Poll shows Cruz and Trump racing for first place. Cruz has the support of 25 percent of those likely to attend the Republican caucuses on Feb. 1, followed by Trump at 22 percent.

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