Betting on elections has become a must among punters in recent times. That’s exactly what is happening in Australia, where people’s interest in wagering has spilled over into the political sphere. These days, Aussie punters are placing huge wagers on who will win the next federal elections, scheduled for late 2010 (the last general election was held in November 2007). In the meantime, the current government has proposed to limit access to internet casinos. The Australian government is dominated by two political parties – the Australian Labour Party and a Coalition made up of National Party of Australia, Liberal Party of Australia and Country Liberal Party – and the Parliament of the Commonwealth of Australia, is formed of two chambers: the House of Representatives and the Senate.
Political wagering more reliable than public polls
In recent years election betting has become one of the most common ways to predict the results of political elections. Significantly more reliable than traditional methods like public polls, such political odds are considered an effective way to monitor national opinion.The 2004 U.S. presidential election for one, was the most bet-upon race in political history. Nevertheless, the chief prediction for the upcoming Australian elections, points to a loss for the Labour Party., Despite the fact that current Prime Minister, Kevin Rudd, is the odds-on favourite, more than half of all money wagered (54.5%) is actually betting on the opposition.
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