Punters turn to Liberals in Federal politics

... And the mud-slinging hasn't even started yet!

PUNTERS TURN TO COALITION AS POLLS STING LABOR

The Coalition’s odds for a shock election victory have been slashed from $3.40 to $3.00 at Sportingbet Australia after they hit the front in the two party preferred for the first time since the 2007 election.

Sportingbet Australia CEO Michael Sullivan said there had been a series of bets placed on the Coalition at $3.40 and $3.20 since the poll and he expected the money to keep coming.

“Labor are still clear favourites at $1.36 but I can’t see punters rushing to back them following this poll,” Sullivan said.

“All the money has been for the Coalition this morning with punters thinking the $3.40 looked attractive given they were ahead in the poll.

“While this is probably a rogue poll, it would still be of concern to Kevin Rudd and punters will abandon him until he starts turning things around.”

Sullivan said Tony Abbott would need to convert many of those disillusioned with Rudd the if Coalition was to challenge for favouritism.

“Tony Abbott at least has clear positions on issues, in contrast to some of his predecessors and that makes him a more dangerous opponent for Rudd,” he said.

“The perception of him as a man of action is sure to help at this time too when many are complaining that the Prime Minister is the complete opposite.

“The fact the Coalition grabbed only three of the eight points Labor lost is a concern though and until he can turn those undecided voters to the Coalition, he will remain the outsider.”

FEDERAL ELECTION
Sportingbet Australia Market
Labor 1.36
Coalition 3.00