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Sportsbet pays out early on Coalition to win 2013 Election
- Updated: August 29, 2013
That’s it! Sorry Sky News, apologies to the ABC, don’t bother news.com.au. We’re calling it first.
Sportsbet has declared the federal election a one-horse race and we’re paying out all bets on the Coalition nine days before Australia goes to the polls.
We’re so confident of a landslide Coalition victory for Tony Abbott and his team, we’ve paid out more than $1.5 million in bets to our members – a first in Australian federal election history.
Following last night’s third and final debate between the two leaders, the Coalition is at Black Caviar-like odds ($1.03) to claim government. (We paid out on the wonder mare as well!)
Australian Election Betting Odds
Kevin Rudd and Labor is $11.50 to win the election – their highest price since betting markets opened immediately following the 2010 federal election.
As it stands in Sportsbet’s electorate markets:
• The Coaltion are favourites in 90 electorates
• Labor are favourites in 56 electorates
• Katter’s Australian Party is favourite in 1 electorate (Kennedy – QLD)
• Independents are favourite in 1 electorate (Denison – TAS)
• 2 electorates are currently too close to call (Lyons – TAS, and Lingiari – NT)
The Coalition are favoured to win 34 more seats than Labor.
Of the 150 electorate in the 2010 federal election, 147 Sportsbet favourites went on to win the seat.
As with all our early payouts, the market remains open, meaning punters can spend their cash at the sausage sizzle next Saturday, or reinvest in the Coalition should they please.
The payout applies to all single bets placed before 9.30am on Thursday, 29 August, on the Coalition to win the 2013 Federal Election.