Maybe this thread hasn't come up for a reason, but I'll set the cat amongst the pidgeons:
Who do you think is going to win the election?
Who do you think is going to win the election?
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So should we be betting our fortunes on a Liberal coalition win?
19% return - payable in a few weeks time - ? better than any IP
Tax free as well
http://www.sportsbet.com.au/betting/politics
First you would have to find someone to take a worthwhile bet at a higher amount than the novelty market.
Something of about election bets
A contact from Melbourne, Andrew (full name withheld), tried exactly this exercise on Monday. And he does have $1 million. The odds were roughly the same for Andrew – although Centrebet's mystical odds appear to have shortened from $1.25 in the past few days.
Same outcome for Andrew. Our inquiries merely corroborated his claim that "the odds are not fair dinkum".
"For organisations prepared to assume a risk of only $720 it's a joke and a sick one," said the punter who found that only Sportsbet would take a bet – and a small one at that: $3000 at $1.24. Centrebet and Tom Waterhouse would not offer him any odds at all, despite their display.
"Bookies betting at say Flemington or Randwick on the rails are obligated to lay a horse for a certain amount. I accept that 'laying off' in the case of political bets is more difficult. But why don't they say in their odds display that they will lay a bet to lose a certain amount? If that were published at say $720, no one would take them seriously."
So the Centrebet rep went off to inquire with his boss if they would take any size bet on the Coalition.
"You will have to start an account first and there is a whole procedure [to go through]," came the reply.
Liberals easily
So why not $2M?
So why not $2M?
Maybe this thread hasn't come up for a reason, but I'll set the cat amongst the pidgeons:
Who do you think is going to win the election?
What will happen if abbot loses his electorate but libs win overall?
What will happen if abbot loses his electorate but libs win overall?
What will happen if abbot loses his electorate but libs win overall?