Australia Politics By Jessie Cooper

Australia: Election Betting Watch – 19/05

Midway through the second week of Election 2016 and the money has poured in for the Coalition to be returned.

“Punters have backed the Coalition from $1.40 to $1.28 over the first 10 days of the campaign,” a William Hill spokesperson said.

“One punter has had $40,000 on at $1.30 while we have written a number of other four-figure bets for Malcolm Turnbull to be heading back to the lodge.

“The polls have certainly been favourable to the Coalition and Australia rarely throws out a government after one-term.”

The ALP have drifted from $3.30 to $3.60 with little interest in Bill Shorten pulling off a monumental upset.

Coalition Big Bets

$40,000 @ $1.30
$3,000 @ $1.30
$1,000 @ $1.30

ALP Big Bets

There has been little interest in Labor but there was still some action on the ALP.

$500 @ $3.55
$400 @ $3.40
$200 @ $3.70