Labor red hot favourite to form Government at Sportsbet

In an astonishing turnaround, Labor is now the overwhelming favourite to form a minority government after Tasmanian independent MP Andrew Wilkie pledged his support to Labor.

Labor has shortened from $3.20 into just $1.25 with Australia’s number one betting agency Sportsbet since Wednesday morning, while the Coalition’s price has blown out from $1.31 to $3.65.

“The swing to Labor in the past 36 hours has been absolutely remarkable and as far as punters are concerned it appears Julia Gillard will get the required 76 seats after all,” said sportsbet.com.au’s Haydn Lane.

Party to form minority government

$1.25 Labor (in from $3.20 Wednesday morning)

$3.65 Coalition (out from $1.31 Wednesday morning)

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