Punters pin their hopes of a win on Prime Minister
Punters are backing Prime Minister Malcolm Turnbull to lead the Coalition to victory this year, according to online betting agency Sportsbet.
With an election slated for this year, the Coalition is priced at short odds of $1.10 to be returned to Government, with Labor a long shot at $6.
Mr Turnbull is long odds at $21 to be the next Federal leader to step down, but at $2.50, a punt on Bill Shorten would be a good bet.
Sportsbet.com.au spokesman Ben Bulmer said political punters had plenty to sink their teeth into this year.
“Punters are telling us Malcolm Turnbull will be leading Australia and Donald Trump leading the US this time next year,” he said.
“Win, lose or draw, it is going to be a big year in politics.”
As to who will replace Mr Shorten, Tanya Plibersek is paying $1.90, followed by Anthony Albanese at $3.
Eighty per cent of punters think Tony Abbott won’t contest the next election, with Sportsbet pricing him retiring at $1.70 and staying at $2.05.
There is no market on the likelihood of Pilbara MLA Brendon Grylls contesting a Federal seat, though political pundits have long tipped him to make the move.