Wednesday, March 10, 2010

South Australian election result

It is very rare that punters get elections wrong. They're often a good way of cashing up. Bet on the upset if you dare, but we believe that to be unwise.

Here's the latest from the bookies on the South Australian election:

PUNTERS BACK REDMOND TO BEAT RANN

Isobel Redmond and the Liberals are certainly attracting the support of punters with a series of big bets seeing their South Australian state election odds slashed from $5.00 to $2.90 at Sportingbet Australia.

The Liberals were rank outsiders and given little chance by bookmakers a couple of months ago but Sportingbet Australia CEO Michael Sullivan said the tide had certainly turned and 95% of bets in the past week had been for the Liberals.

“Before the Mike Rann affair story broke, Labor looked a certainty to be returned in South Australia but he now faces a real fight with polls showing Isobel Redmond’s numbers continuing to improve,” Sullivan said.

“Labor still remain $1.40 favourites but we haven’t written a bet on them this week while there has been a number of big bets placed on the opposition.

“The party that firms in the betting market in the last couple of weeks of the campaign have a tremendous record of winning and I would expect to see the Liberals to continue to shorten.”

SOUTH AUSTRALIAN STATE ELECTION
Sportingbet Australia Market
Labor 1.40
Liberals 2.90

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