In the UK they bet on anything. At the last Ascot they were betting on the colour of the Queen's Hat at the main event.
See
http://www.bettingzone.co.uk/story_get.cgi?STORY_NAME=betting/07/06/20/manual_150239.html
They have already given up on the US election and paid out on Obama already!
http://www.bettingzone.co.uk/novelty/betting/story_get.cgi?STORY_NAME=betting/08/10/16/manual_095813.html
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