Bookie declares opposition win in Aussie election
CANBERRA (AP) - The politicians insist an opposition victory in next week's Australian election is not a foregone conclusion. But one betting agency already is declaring a winner.
Sportsbet announced on Thursday that it paid out more than A$1.5 million (S$1.7 million) to bettors who put money on Mr Tony Abbott's Liberal Party winning power at elections on Sept 7.
Agency spokesman Haydn Lane says it took the unprecedented step of paying out beforehand because it was so confident of an election landslide.
A victory by Prime Minister Kevin Rudd's centre-left Labor Party is priced at A$11.50 - the longest odds since betting opened immediately after the last election in 2010.