Baccarat is gambling in Virginia’s capital, but this professional gambler is in the midst of a $50 million bet that he will win the 2016 election.
Matt Davis, 28, said his gambling addiction is over and that he no longer takes risks on the casino circuit, which he owns.
“I have no interest in losing money,” Davis said.
“My bet is over.
I have nothing to lose.”
He is one of thousands of gamblers in the United States and Canada who are gambling on the outcome of the US presidential elections.
Many of them are also active gamblers at state and local gambling outlets.
Some say that the money won’t be spent on gambling, as they are not legally bound to take any bets.
“There is no legal requirement to play on an election, nor is there a legal obligation to gamble,” said Steve Koppel, a partner at New York law firm Koppels and Associates.
“In fact, there are laws against gambling on elections that do not prohibit it.”
He added that the gambling laws vary by state.
A spokeswoman for the Virginia Department of Gaming and Gaming Enforcement declined to comment.
Davis, however, did not dispute the law.
“If I lose the election, I’ll have to figure out a new way to spend my money,” he said.
“I have always gambled on everything, from poker to roulette, so I’m not too worried about my money.”
He said he will now put his $50m bet to the test.
“For the sake of the country, I think we need to have a conversation about what our voting system is,” Davis told ABC News.
“It is going to be a huge boon to this country, and to the people who vote in our elections.
I’ll do everything I can to help make that happen.”ABC News’ Paul Larkin contributed to this report.