Punters with leading online bookmaker Sportsbet believe that should Labor win tomorrow’s federal election, they will have a new leader by the time Australia next goes to the polls.
However, it’s a different story with the Coalition, with Tony Abbott favoured to keep the top job for at least a full term should the Coalition win tomorrow.
“Should Labor win the election, on the whole punters don’t think Julia Gillard will be at the helm in three years time,” said Sportsbet’s Haydn Lane.
“On the other hand, if the Coalition win, Tony Abbott will be the savior and it’s hard to see his position coming under serious threat.”
In overall election betting, Labor continues to drift on the back of strong recent support for the Coalition. Labor is now out to $1.35, with the Coalition at $3.15.
All markets courtesy of Sportsbet
IF Labor win the election, will Julia Gillard be Labor leader at the 2013 federal election?
$1.47 No
$2.50 Yes
(Bets refunded if Labor lose the 2010 Federal Election)
IF the Coalition win the election, will Tony Abbott be Coalition leader at the 2013 federal election?
$1.25 Yes
$3.55 No
(Bets refunded if the Coalition lose the 2010 Federal Election)
2010 Federal Election – Winning Party
$1.35 Labor (out from $1.24 on Tuesday 17 August)
$3.15 Coalition (in from $4.00 on Tuesday 17 August)
*Update. The odds have gone into $1.10 for Julia and poor old Rudd is out to $6.25.
Anyone a singer? A remix of the 1987 Rick Asley Never Gonna Give You Up would be a massive hit today, titled Rudd Rolled, the lyrics are kinda ironic too.
Sportingbet has promptly opened a market for the Labor Leadership after the announcement last night of a potential leadership spill. The market will close just before this mornings ballot.
Bookies rarely get the odds wrong and looking at what odds Sportingbet have opened up at, Kevin is in a world of trouble.
Keven Rudd $4.20
Julia Gillard $1.20
Click here to see the latest odds
Rudd has lost support from almost the whole Labor party including the unions and is all but out so the $1.20 for Julia Gillard looks to be a sound investment with a quick payout which will likely be the same day as the ballot.
My tip is load up on Julia Gillard before the market closes, then place all your winnings on the Liberals to win this years federal election. Sorry Julia it not going to happen, I think its your voice…
Look at it as a quick 20% on your money, now that’s better than the banks!
Sportingbet is know to be the election betting specialists and this proves they are ahead of the rest as they are the only bookie with todays ballot betting. They offer bets on this year Federal Election and also the Victorian and NSW State Elections. They also have a market for the Liberal leader going into the next election with Tony Abbott paying a slender $1.05
Checkout the Sportingbet site here for more info on election betting and to get the latest odds on the Labor Leadership Ballot, but be quick the betting market will close soon!
