Australian Federal Election Betting – Labor or Liberal Early Election Odds – PM Betting - Gillard Abbott
17th June 2008, by
Australian Federal Election Betting - The Basics
Betting on the Australian Federal Election is easy with the team at Centrebet. We offer the best odds online for both Labor and the Liberal Coalition, providing you more value for your betting dollar. If you are looking for Early Election betting options, we have the odds you require!
The Australian Federal Parliament is bicameral, as it has two chambers: the House of Representatives (Lower House) and the Senate (Upper House). Members of each house are determined by a compulsory secret ballot of all Australians from across six states and two territories. These votes are then tallied using a preferential system (see below).
A system of Cabinet or "responsible" government based on the British Westminster tradition is practised. The party or coalition of parties commanding a majority in the House of Representatives becomes the government and provides the ministers (including the Prime Minister), all of whom must be members of the Parliament. Elections for the House of Representatives are held at least every three years.
The Constitution requires membership of the Australian House of Representatives to be, as nearly as practicable, twice that of the Senate. The House has 150 members: 50 from New South Wales; 37 from Victoria; 27 from Queensland; 12 from South Australia; 15 from Western Australia; five from Tasmania; two from the Australian Capital Territory; and two from the Northern Territory.
A Government need not command a majority in the Senate which has an equal number of members (12) from each State. The Australian Capital Territory and the Northern Territory were not represented in the Federal Parliament until 1975 when they each gained two Senators.
Normally, Senators serve a six-year term with half the Senate retiring every three years. Senators elected to represent the Territories, however, serve a maximum of three years and their terms coincide with those of the members of the House of Representatives. In Senate elections, the people of each State and Territory vote as single electorates.
Australian Federal Election Betting - Preferential Voting
The essence of preferential voting is that voters number candidates on the ballot paper in a rank order of choice. You put the number 1 next to your first choice candidate, 2 next to your second choice, and so on. If your first choice candidate is not elected and no candidate receives half of the vote, your vote may be re-examined for its next preference. The point of the system is to elect the most preferred candidate, to choose the candidate that can build an absolute majority of support in the electorate rather than the simple majority required for first past the post voting.
Australian Federal Election Betting - Bet Types
Centrebet offers Australian Federal Election odds as to the winner of the overall election (Coalition or Labor) as well as betting odds for individual seats of parliament. Centrebet accepts bets on when an election will be held, providing you with the chance to guess the date range you think the next federal election will take place.
Early election betting odds prove to be popular amongst punters.
Bets on the election outcome – be it Tony Abbott (Liberal Coalition) or Julia Gillard (Labor) – are one of the most sought after markets. Odds are available to account holders online.
Australian Federal Election Betting - The Last Time Australia Voted - Recent History
In August 2010, Australia elected its first every female Prime Minister, voting in Julia Gillard after the nation experienced its first hung parliament since 1940. Labor ultimately formed a minority government in order to enter into its second term in charge.
Six men were key in providing Labor with a minority government. Greens MP Adam Bandt along with Independent MP’s Andrew Wilkie, Rob Oakeshott and Tony Windsor sided with Labor, whilst Indepndenet MP Bob Katter and National Party of WA MP Tony Crook aligned with the Coalition.
In October 2004, John Howard was re-elected for a fourth term as Australian Prime Minister, and once again, the Centrebet 'punter's poll' proved to be the best barometer when looking for the winner.
The news polls had the big race neck and neck right up until the morning of the vote, but a look at the betting fluctuations suggested that it was all over much earlier than that. The closing prices were $1.10 for the Coalition, and $6.00 for Labor, and when you consider that exactly one week before it was $1.45 and $2.55, it is easy to see that punters were on the mark more so than the polls.
Australian Federal Election Betting - The Next Election - Labor or Liberal Party - Gillard or Abbott
Until the election gets closer, there are two things worth noting when assessing the election betting odds and markets available. The first is the reaction of the Australian public to Labor’s leadership struggles and seeming lack of confidence in Prime Minister Gillard. The second is the Coalitions rise in the opinion polls and how that will impact the betting.
Australian Federal Election Betting – Past Prime Ministers And Ruling Parties 1966 – 2006
| Prime Minister | Party | From | To |
|---|---|---|---|
| Harold Holt | Liberal | Jan 1966 | Dec 1967 |
| John McEwen | Country | Dec 1967 | Jan 1968 |
| John Gorton | Liberal | Jan 1968 | Mar 1971 |
| William McMahon | Liberal | Mar 1971 | Dec 1972 |
| Gough Whitlam | Labor | Dec 1972 | Nov 1975 |
| Malcolm Fraser | Liberal | Nov 1975 | Mar 1983 |
| Bob Hawke | Labor | Mar 1983 | Dec 1991 |
| Paul Keating | Labor | Dec 1991 | Mar 1996 |
| John Howard | Liberal | Mar 1996 | Current |
Australian Federal Election Betting - Part Of A Bigger Range
Centrebet is the world's leading entertainment betting specialist and takes bets on a wide range of competitions, including reality television shows, beauty pageants, and song contests. As well as offering a vast array of online sports betting propositions, Centrebet are renowned for offering prices on many novelty betting events including Idol betting, Big Brother betting and odds on the Eurovision Song Contest. One of our favourite novelty betting events is the Finnish Wife Carrying Championships - a far cry from the various elections from all over the world we offer prices on. Past and current election coverage includes offering American Presidential Election odds, as well as books on the British General Election and the Canadian Federal Election.
Books for many of these events are now open for Centrebet customers. In order to bet on these sporting events, you first need to register to bet with Centrebet on our secure bet site. In order to register to bet with Centrebet, you must be 18 years of age or over. For a full list on upcoming events that Centrebet will provide odds on,you can check our online sports betting calendar.
last update : 13th October 2011 09:39