Australia: Canberra Abuzz With Election Betting Activity
William Hill saw a flurry of betting activity today following Prime Minister Turnbull’s announcement to reform the Senate voting process.
Majority of the money came in for the ALP, who dropped from $6.00 to $5.50 in betting, despite sitting equal with the Coalition in Newspoll’s two party-preferred poll released by The Australian today.
William Hill also slashed the odds of an October 22nd election from $7 to $4.50, although a pre-August 6th date remains the $3.25 favourite with speculation lingering over the PM’s possible plans for a double-dissolution election.
“The political punters steamed into the ALP following this morning’s Newspoll results and we now have the ALP taking more than double the amount of bets than the Coalition to win the next election,” said William Hill’s Tim Ashworth.
“In fact, a Labor win would be a considerable loss for us already and we still don’t even know if, or when, Malcolm will pull the trigger and call his maiden election.”
Odds courtesy of William Hill
Date of next election
$3.25 Any Other Date
$4.00 22nd October 2016 (was $7)
$7.50 17th September 2016
$9.00 15th October 2016
$10 3rd September 2016
$11 20th August 2016
$12 10th September 2016
$13 13th August 2016; 27th August 2016
$15 6th August 2016; 8th October 2016
$17+ Others not listed