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Monday November 12th 2018

Punters lumping on Labor for Victorian state election

Political punters are lumping on Labor to retain leadership at the upcoming Victorian state election according to online bookmaker Sportsbet.

The Daniel Andrews led party is developing huge momentum in the betting having attracted over 97% of the total wagers forcing the price to firm from $1.52 into $1.30.

Asked about the one way traffic spokesman Sportsbet said: "The betting has been completely one sided and Labor are heavily favoured to be re-elected after punters head to the polls on November 24th."

The Coalition party lengthen dramatically from $2.50 out to $3.10 while Sportsbet have also noted a rise in bets on the $1.50 chance that it’ll be a majority government.

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