FED:Punters back coalition to form govt

AAP General News (Australia)
08-22-2010
FED:Punters back coalition to form govt

CANBERRA, Aug 22 AAP - Bookies have installed the coalition as the favourite to form
government following an inconclusive result from Saturday's federal election.

Sportingbet Australia has the coalition at a $1.40, while Labor is at $2.80.

Sportingbet Australia CEO Michael Sullivan said it looked very hard for Labor to form
government, and punters had instantly backed the coalition to come to an agreement with
the three re-elected independent MPs.

"The coalition are a clear favourite, as it is hard to see how a Labor government relying
on support from a Green and essentially conservative independents would ever reach a consensus
and be able to function effectively," Sullivan said.

Sportingbet opened the book on Sunday with the coalition at $1.50 and instantly took
two bets of $5000 at $1.50 and $1.45.

"Assuming the coalition wins Hasluck in Western Australia, they will have 73 seats
and it will be impossible for Labor to form government without the Greens and the independents,"

Sullivan said.

AAP cb/jl/

KEYWORD: POLL10 PUNTERS

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