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Online bettors see Donald Trump as odds-on Republican nominee

Reuters - UK Focus

(Adds data, recasts first paragraph, adds NEW YORK to dateline)

NEW YORK/LONDON, Feb 24 (Reuters) - Donald Trump's chances of winning the Republican nomination for the White House shot to a record high at online betting sites around the world on Wednesday after his latest victory in voting in Nevada.

Betting venues in Britain, Ireland (Other OTC: IRLD - news) and New Zealand show the online wagering community coalescing around Trump, once considered a rank outsider attracting long-shot odds of 200/1.

Following his double-digit margin win in Nevada's Republican caucuses on Tuesday, his third victory in the first four early nominating contests, odds have tightened all the way to 1/2 in some cases.

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"Mr Trump has triumphed yet again, despite political analysts almost unanimously writing him off as a serious presidential contender," said Graham Sharpe from William Hill (Other OTC: WIMHF - news) , adding one customer stood to collect at least $100,000 if Trump was elected to the White House on Nov. 8.

William Hill and Betway make Trump 1/2 favourite to get the Republican nod, while Ladbrokes (LSE: LAD.L - news) cut his odds to 4/9, the same as those shown on Ireland's PaddyPower.

His nearest rival, U.S (Other OTC: UBGXF - news) . Senator Marco Rubio from Florida, featured odds of 6/1 on Ladbrokes. U.S. Senator Ted Cruz of Texas, who has been battling with Rubio for the No. 2 spot in the early voting states, has sunk to a deep longshot. Paddy Power gives Cruz odds of 33/1, its site shows.

Bettors also markedly cut the odds on Trump becoming president, although he still trails Democratic front-runner Hillary Clinton, who won Nevada's Democratic caucuses on Saturday.

Jessica Bridge from Ladbrokes said Trump was on a roll heading into Super Tuesday on March 1, when several U.S. states hold nominating contests.

On PredictIt, a site operated by Victoria University in Wellington, New Zealand, Trump's chances of winning the Republican nod were the highest since it started tracking the race in October 2015.

A Trump bet there, on a scale of $0.00 to $1, stood at 72 cents, up 4 cents, while Rubio tumbled 7 cents to 24 cents and Cruz sank a penny to 4 cents, matching a record low. (Reporting by Michael Holden in London and Dan Burns in New (KOSDAQ: 160550.KQ - news) York; Editing by Guy Faulconbridge and Howard Goller)