Best Odds for the Next Government of Australia
It looks as if the Liberal Party, currently led by an unpopular Tony Abbott, are unbackable favourites to become the next Government and Prime Minister of Australia respectively. I doubt that many would have predicted the Coalition to be such short favourites in this election, nor would many have predicted the complete lack of faith in the Australian Labor Party by the voting public. At this present time, based on polling and betting odds, the result of Australia’s next Federal election appears to be set in stone already.
It was always going to be difficult for a minority government to make many major changes, however, to me it appears as though Julia Gillard has managed the situation reasonably well given the circumstances she was placed in. Unfortunately for the ALP, it seems like the constant internal bickering, instability and whispers of division inside the Labor Party has cost it dearly in the polls and more importantly, in the minds of us punters.
There is still some ways to go before the next Federal Election is held in September, but unless something major happens to one of the major political parties, it is hard for anyone to see the odds for this market, and the future of this country and its ever aging copper network changing too much.
Odds updated on the 23rd of August, 2013
Coalition refers to the Liberal Party. ALP refers to the Australian Labor Party.
Exotic Betting Markets for the Federal Election
- Election Winning Margin
- Total Independent Seats (in House of Reps)
- Correct Election Result (Number of Seats in House of Reps)
- Total Seats Labor Wins
- Total Seats Greens Wins
- Total Number of Seats for Each State
- Labor Performance in Western Sydney
- Percentage of Official Informal Votes
This is my first political betting post, as such, I’ve attempted to be as neutral as possible. However, the market, and quite possibly the mainstream news seem to have decided the result of this election already.
These odds were correct at the time of posting and are subject to change, however it does not appear the chances for the Labor party to win the election will change.