Labor Now Bolters Odds In Election Betting To Win Again

Tony Abbott continues to look likely to be our next Prime Minister, with Labor drifting out to their longest odds since the market opened at $4.65 to win the next federal election with online bookmaker sportsbet.com.au.

Labor have drifted from $4.35 to $4.65, while the Coalition have firmed from $1.22 to $1.19 after opening the market at $1.35 in January.

Abbott also looms as a chance to become Prime Minister even before the next election, into $2.90 from $3.00 to get the top job before a vote has even been placed.

“Whether it is now or after the election, there doesn’t look to be much hope for Labor, so either way we think Tony Abbott can start to prepare his acceptance speech,” said sportsbet.com.au’s Shaun Anderson.

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Who will win the next federal election?

Prices in brackets from 30th April
$1.19 Coalition (in from $1.22)
$4.65 Labor (out from $4.35)

Will Tont Abbott become Prime Minister before the next federal election?

Prices in brackets from 30th April
$1.25 No (out from $1.20)
$2.90 Yes (in from $3.00)