numbercruncher
Beware of Dropbears
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$10,000 BET SAYS RUDD’S WORKPLACE LAWS WORK FOR PUNTERS
Kevin Rudd and the Australian Labor Party have finally revealed their long awaited response to the Federal Government’s workplace relations policy and it has stimulated fresh election betting activity.
As soon as the story broke, punters got busy and Sportingbet Australia accepted a raft of wagers including one confident bet of $10,000 backing aspiring Prime Minister Rudd. An Australian Labor Party victory is now ranked at odds of $1.52 with Australia’s biggest bookmaker, in contrast to the Coalition’s price of $2.48.
CEO Michael Sullivan is not surprised that punters have flooded Sportingbet Australia with more bets for the ALP. The corporate bookmaker revealed that 71% of the money wagered on the election so far has been in support of the Labor Party, which in betting terms gives the ALP a 21% lead against the Coalition.
“It seems that all publicity is good publicity for Kevin Rudd,” commented Mr Sullivan. “Every time something controversial puts Mr Rudd on the front page – most recently his visit to a strip club and now his IR policy - the punters dive in and put the weight of their money behind him.”
“The betting would indicate that Australian punters are confident that Mr Rudd can handle the tough issues falling his way and lead his party to election victory.”
http://bettingzone.com.au/default.aspx?s=newsdisplay&aid=3625
Ruddmeister for the Win