With punters so confident, as of this morning, we’ve paid out early on all bets placed on Labor to win Saturday’s Federal Election.
Since betting opened, Sportsbet’s punters have come en masse, backing Labor into Winx-like odds of $1.16 with 70% of all money wagered on the election going on Bill Shorten’s team.
This means over $1.3 million has been paid out to punters who had a flutter on Labor (before 9pm last night) and it’s already in their accounts.
Labor have attracted several large wagers including one savvy punter who walks away with over $128,000 before a vote has been counted.
“Our punters have spoken through their bets! 7 of every 10 bets on the election are on Labor. They’re supremely confident we will be paying out on Saturday so we have decided to pay them early. Punters rarely get it wrong on elections” said one of our now very squeaky bummed politics traders.
Although we’ve paid out, the Federal Election market is still very much open and for those looking to double dip, and Sportsbet’s markets currently suggest Labor will win 82 seats and the Coalition 63.
Early Payout applies to bets placed Labor before 21:00 AEST on the 15/05/2019. Early Payout is on the Sworn in Government market only. Singles only.