In the weeks leading up to the 2016 US Presidential election, Paddy Power paid out $1.1m to customers betting on Hillary Clinton, so certain was the gambling website that she would emerge the clear winner.

Such was the bookie’s confidence in Clinton, its spokesman admitted at the time that if Donald Trump won, Paddy Power would face a double payout and “some seriously expensive egg on our faces”.

Flutter Entertainment, the £27bn [$34bn] owner of Paddy Power, will be hoping its next bet on the US proves more fruitful.

In just five years, Flutter has become one of the leading betting firms across the Atlantic.