Australians will be going to the polling booths a lot sooner than expected according to the betting from Sportsbet.
The online bookmaker has made October the new favourite in the market, moving from $10 into $2.50 following the spill.
Malcolm Turnbull is now $1.55 to be leader at the election with Peter Dutton not ruled out on $2.55.
Another leadership spill is likely to happen at odds of $1.55, not occurring pays $2.25.
Labor have been the main benefactor from today, moving from $1.45 into $1.40 to win the election, the Coalition are out to $2.85 from $2.50.
“The betting suggests we’ll be voting on our next government a lot sooner than expected with October the most likely date but another challenge looks on the cards before then,” said sportsbet.com.au’s Will Byrne.
Markets courtesy of sportsbet.com.au
Will Turnbull face another leadership spill?
$1.55 Yes
$2.25 No
Month of Federal Election
$9.00 September – 2018
$2.50 October – 2018 (in from $10)
$17 November – 2018
$16 December – 2018
$51 January – 2019
$4.00 February – 2019
$4.00 March – 2019
$8.00 April – 2019
$3.50 May – 2019
$41 June – 2019
$61 July – 2019
$51 August – 2019
$61 September – 2019
$51 October – 2019
$61 November – 2019
Liberal Leader at Election
$1.55 Malcolm Turnbull
$2.55 Peter Dutton
$6.50 Julie Bishop
$8.50 Christian Porter
$9.00 Tony Abbott
$18 Scott Morrison
Others Quoted
Next Federal Election Winner
$1.40 Labor (in from $1.45)
$2.85 Coalition (out from $2.50)