Right now, I plan to bet about 0.5oz gold worth (approx. AUD$800) into betting on a Coalition electoral victory in September. I've divide the time between now and election day into a number of blocks, if the odds remain above a certain threshold I'll bet another unit. Basically I'm treating it like a savings plan with an element of risk. Its reduces my exposure if any adversarial developments occur. Much as I dislike her policies and her person, I did bet on Julia to win in the ALP leadership spill. I received odds playing 3.25 (or +225 ML for our US readers), which I considered excellent value since she did survive a more serious leadership challenge from Rudd in 2012. If I may say so myself, this is a prime example of betting based on an outcome you rationally consider likely to happen as opposed to what you emotionally want to happen.
The Earth would have to stop spinning for a start and then proceed to spin in a clockwise for Labor to win the next election and that is a rational assumption.
Ahh, it's nice to see the odds getting shorter. Sportsbet seem pretty sure she hasn't got a chance in hell now.
The odds have again shortened: Sworn in Government: Coalition 1.08 ALP 7.00 Greens win zero house of reps seats: 1.40
