Wagering On Australian Elections Growing Everyday

Wagering on just about everything these days seems to be the normal way to play for a lot of punters. What makes all this betting interesting is when it gets into the political sphere. Australian's love their various forms of vice and gambling is no exception. In Australia people are placing huge wagers on who will win the next election in that art of the world. Online gambling has become a hot issue with the current government doing it's level best to control offshore wagering with draconian and unfair methods. The productivity Commission will soon hand down it's recommendations regarding the status and future of the activity in the county. Meanwhile people are betting the government of the day may be toppled by it's proposal to filter the internet and stop punters from accessing their favourite internet casinos. The very fact that internet censorship may happen has many Aussies crying foul, and looking for a change in leadership. Unfortunately when it come to political situations there is no such thing as a guaranteed result.

Australian bookies and the average man on the street has determined that there's at least a reasonable chance that the Labour Party will be thrown out of office at the next election. Current Prime Minster Rudd has even publicly and privately said that there's a chance they will loose the election. Although Mr. Rudd is still the odds-on favourite, returning just $1.20 from Centrebet if he stays in The Lodge. But the Coalition with Mr. Abbot has tightened to $3.85 - the first time it has been under $4 in more than a year. The betting market suggests a modest turnaround in political fortunes. Centrebet's Neil Evans said the agency had been forced to reassess its prices after several big bets recently. Mr. Evans said, "It's the first crucial sign the Coalition is getting right back into the battle after the Labour government had dominated with punters for two years."