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Coalition victory shortened after PM's poll date announcement

Sportsbet now rates the Coalition a $1.25 chance to claim victory on September 14, in from $1.30 before Julia Gillard revealed the poll date.
Sportsbet now rates the Coalition a $1.25 chance to claim victory on September 14, in from $1.30 before Julia Gillard revealed the poll date. Chris Ison

THE odds of a Coalition victory at the next election shortened on Wednesday after the Prime Minister took the unprecedented move of revealing the poll date almost eight months early.

Online bookmaker Sportsbet now rates the Coalition a $1.25 chance to claim victory on September 14, in from $1.30 earlier in the day.

Conversely, you could get $3.75 for a Labor win as its price blew out from $3.30.

Sportsbet spokesman Ben Hawes said while there had been no big bets in the wake of the announcement, the money had poured in for the Coalition. 

Mr Hawes said since the 2010 poll money had been coming for the Opposition at a ratio of 3:1.

On Wednesday it was 6:1.

Bets of up to $50,000 have been made on the Coalition in recent months, he said.

Earlier this week Sportsbet put up markets for all 150 federal electorates, with the Coalition favourite to win 91 seats.

And a JWS Research survey of the 54 most marginal seats in the country showed Labor stood to lose 18 seats, and as many as 25, at the election.

Topics:  coalition julia gillard labor sportsbet


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