Sportsbet Blog

Sportsbet pays out early on Coalition to win 2013 Election

Tony Abbott Coalition Election Early Payout Sportsbet

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.

- Check our more of our Early Payouts

- Common Misconceptions about our Early Election Payout

- Federal Election Betting

253 Comments

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  10. John

    September 6, 2013 at 9:29 pm

    What the hell does the gambling regulations have to do with sportsbet choosing to pay out a bet ealry? Stop crying ALP supporters, you had 3 years too long and stuffed everything up, time to take your medicine for another 12 years until we are back in surpluss then you can waste our taxes again.

  11. sceptic

    September 6, 2013 at 9:00 pm

    Why not offer 100/1. Make things interesting.

  12. Neil P

    September 6, 2013 at 5:51 pm

    I am already getting used to “Phoney Maggot, PM” tag. Scary but unfortunately true.

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  14. Chrisso

    September 2, 2013 at 1:17 pm

    Now we can all see where the social media worms are plugging their sumliminal messsages supprting Rudd and his clowns. Really only emplyed Rudd campaigners would be getting specific policy remarks into this forum. How desperate are these loosers.

    • TROY

      September 3, 2013 at 10:41 pm

      QUEENSLANDERS ARE JUST BETTER THAN POMS

      • Steve

        September 6, 2013 at 10:05 pm

        ^ You are a liar and a goose.

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  16. Alan

    September 2, 2013 at 7:14 am

    Good thinking Sportsbet, the free publicity you got would have cost a fortune and the risk you took paying out early is zero. All betting people know the true odds of Labor willing this election are a million to one.

    • TROY

      September 3, 2013 at 10:38 pm

      WELL I GUESS POMS AND BOAT AND PLANE PEOPLE STICK TOGETHER TIL THE END

  17. Matt Richardson

    August 31, 2013 at 9:28 pm

    Sports bet will lose more money if people keep backing the coalition to win so this is a very smart idea on their behalf and going by there statistics on how many people are backing the coalition is clearly showing that they will win the election, use your brain people.

  18. robert

    August 31, 2013 at 9:06 pm

    abbott and that moronic smile, man its putred

    • Anna Lauren

      September 2, 2013 at 2:50 pm

      Robert, if you are going to leave comments for all the world to see, you should at least learn the correct spelling of words. It is putRID, not putRED.

      • TROY

        September 3, 2013 at 10:51 pm

        IT NOT THE SMILE YOU HAVE TO WORRY ABOUT IT’S THE 2 HI RANGE HEARING THINGS ON HIS HEAD O SORRY THERE JUST EARS PS PLEASE CHECK MY SPELLING TO ANNA THANKS

  19. chris

    August 31, 2013 at 5:29 pm

    Is this a legal way of rigging an election?

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  22. Daniel

    August 30, 2013 at 11:38 pm

    I will be PMSL if Labor wins now. I’m sure you won’t be very happy Sportsbet if you give away this money for nothing and then have to pay out on Labor hahaha!

    • Chris

      August 31, 2013 at 9:44 am

      50 to 1 on chance is pretty safe

      • Chris

        September 2, 2013 at 9:32 am

        Now 100 to 1 on!!!

  23. Matt Wilson

    August 30, 2013 at 11:04 pm

    I was already voting Labor. This has just made me want to vote for them more.

    • Denise

      August 31, 2013 at 11:26 pm

      No brains.

      • Outback Pete

        September 1, 2013 at 10:11 pm

        Loser

    • Vin

      September 1, 2013 at 12:32 pm

      Me too

      • bolo

        September 1, 2013 at 10:56 pm

        Abbott will be PM for seven years plus. ALP will never govern in its own right ever again. After Abbot the rise of the full on left. Australia loses next Saturday and post Abbott. Ha hahaha.

    • Trevor Rowe

      September 2, 2013 at 10:14 am

      Then put your money where your mouth is !

  24. Manny B

    August 30, 2013 at 10:28 pm

    Is this legal?

  25. Jason D

    August 30, 2013 at 10:23 pm

    Hope they have fun trying to explain this one to the Gambling and Racing Comission, not to mention the other regulators who aren’t going to be very happy.

  26. Blake

    August 30, 2013 at 8:04 pm

    There goes my business.

    • Chris

      August 31, 2013 at 9:46 am

      What do you do….. hug trees?

      • Elliot

        September 2, 2013 at 12:34 pm

        Any business to do with the internet doesn’t want Abbott in. His NBN plan is terrible.

        • Andrew

          September 2, 2013 at 4:45 pm

          But the labor government and their many attempts to censor the media and internet is dirt under the rug? I would say any business that is on the internet should be more concerned about labor winning then Abbott’s NBN plan.

          Not to mention the NBN will not actually affect most businesses for years having always been run on private lines which will not see the NBN until every private home is completed, there are actually a rather large number of reasons why a business could prefer the liberals strategy….

  27. solenopsis

    August 30, 2013 at 7:46 pm

    I’m all for a refund instead.

  28. brett mckee

    August 30, 2013 at 4:41 pm

    hello tony as I am on the dsp what are you going to do for me brett mckee

    • Inky

      August 30, 2013 at 10:37 pm

      Why are you asking TA questions on a betting website?Are all Labor supporters really that stupid?But thanks all the same.Every now and then you see something that makes you wonder what the hell this person on and I’m having one of them moments now.So now that you have seen the odds and your heart is broken,go and write a letter to KRudd on Reddit and ask him what he will be doing for a job next week.Giggles

      • Daniel

        August 30, 2013 at 11:37 pm

        You know, that is a very good question. He has $75,000 for those who don’t need it. He has $200 for new married couples, he has $5000 for the baby bonus, he has a bonus for those who get back into the workforce which isn’t needed. Yet he doesn’t have the $800 for the School Kids Bonus which replaced the Education Tax Refund. What has he got for pensioners?

        • Andrew

          September 2, 2013 at 4:46 pm

          You know… Superannuation so that people can actually afford to retire instead of the government fighting the impossible battle of affording the baby boomer generation

  29. Shayne O

    August 30, 2013 at 4:02 pm

    Disgusting and bordering on Fraud.
    I hope you find yourself having a very very awkward conversation with the gambling regulators on the tenth.

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  31. Coby

    August 30, 2013 at 2:04 pm

    This is fantastic! Politics reduced to its rightful place by SB. (i.E totally irrelevant regardless of the result) Has anything changed under either party for the better in living memory? Hardly. Two words to learn for all you gumbies off to the booths and still deluded enough to believe in a Democracy – Hegalian Dialectic. Congratulations slaves- you’re ALL sucked in and living in a police state! KUDOS SB- KEEPING IT REAL.

    • Chris

      August 31, 2013 at 3:28 pm

      Agree. Labor was trying to control our lives. Go to hell!