'Nearly as safe a bet as Winx': Bold punter places a record $1MILLION bet on Labor to win the 2019 election
- A punter has placed a $1million bet on Labor winning the federal election
- Anonymous millionaire from New South Wales placed his wager with Ladbrokes
- He will win $230,000 should Bill Shorten lead the next sworn-in government
A daring punter has placed a $1million bet on Labor winning the federal election. Pictured: Labor leader Bill Shorten
A daring punter has placed a $1million bet on Labor winning the federal election.
The anonymous millionaire from New South Wales placed his wager with Ladbrokes at odds of $1.23.
He will win $230,000 should Bill Shorten lead the next sworn-in government.
The man could have stood to win even more had he bet with Sportsbet offering $1.25 or TAB offering $1.28.
Before now, the biggest bets on the 2019 election were $15,000 on the Coalition at $4 on April 23 and $10,000 at $1.53 on Labor back in August.
The previous biggest political bet struck with LadbrokesAustralia was $250,000 on the Coalition to win the last Federal Election.
On Monday a Ladbrokes client placed $800 on the United Australia Party to win at odds of 300-1.
Labor are hot favourites to win with the Coalition's odds between $3.50 and $4.50.
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Twitter users reacted the news of the man's bet by saying it was safe.
One wrote: 'Nearly as safe a bet as Winx.'
Another said: '$1.20 for Labor at the moment.. hardly even worth it now.'
The Australian's Newspoll, released late on Sunday, had Labor winning the two-party preferred vote at 51 to 49.
The anonymous millionaire from New South Wales placed his wager with Ladbrokes at odds of $1.23
According to that poll, Labor party's primary vote dropped down to 36 per cent, the lowest since August 2018 when Scott Morrison became prime minister.
Support for the Coalition remained unchanged at 38 per cent.
In Sunday's Newspoll, The Greens remained unchanged at nine per cent, Clive Palmer's United Australia Party dropped one point to four per cent while Pauline Hanson's One Nation gained one point to make five per cent.
The poll conducted between May 2 and 5 was based on a sample of 2,003 voters.
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