If you're keen on the Coalition to win the next election, and many now are, now would be the time to get on. Only one warning, however: Never underestimate the power of incumbency.
ELECTION: COALITION BACKED TO TAKE OUT NEARLY $100,000
A string of big bets has been placed on Tony Abbott to be Australia’s next Prime Minister with the Coalition shortening from $2.75 to $2.40 in the past week at Sportingbet Australia.
The Coalition has been backed to take out nearly $100,000 at Sportingbet in the past month and CEO Michael Sullivan said there had been next to no money for Kevin Rudd and Labor during the same period.
“We took one bet of $15,000 at $2.60 on the Coalition as well as multiple bets of $5000 and a huge amount of smaller bets,” Sullivan said.
“There is only one side punters want to back and at this rate it might not be too long before Tony Abbott is favourite to move into the Lodge.
“We can’t write a bet on Labor and they have drifted out to $1.55 after being as short as $1.15 in November last year.
“I can’t see us writing a decent bet on them until they start to turn things around.”
Australian Federal Election
Sportingbet Australia market
Labor 1.55
Coalition 2.40
Tuesday, June 22, 2010
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