"We paid out $1.3 million early to punters who backed Labor early, but on top of that we obviously have a massive payout on the Coalition which will be at least three times that figure," Sportsbet spokesman Richard Hummerston told"Seventy per cent of the cash staked before the early payout had come for Labor, our punters had called the election early. We thought we’d simply give them their cash early.
TAB’s Gerard Daffy said the betting turnover on the total result was a record for a federal election while there was also strong interest in individual seats particularly Warringah. He also acknowledged that betting houses have had a rough run on picking political winners in recent times.
Source: News Formal (newsformal.com)
The TAB who has a stranglehold on betting would never they to busy giving punters little choice
Probably serves them right and same with polls prediction. Too much gambling’s in Australia
At least some good news has come of the election.
Doubt it will hurt them any
Oh boo hoo
Good Amen Gambling is the devil's advocate
Too bad the odds weren't placed on FIRST PAST THE POST
Punters were sure they had it in the bag. 💼 💵
Can somebody tell why gambling companies do this? What’s the catch?
Their problem. You gamble, you lose. Live with it.
Hah!
Jonatho43827873 Stuff Sportsbet. Pathetic betting company that bans anyone that wins 20 cents with them. I hope they go under!
It was rained out with all the tears from the left... They'll refund any bets.
Professionals wouldn’t bet for Bill Shorten !
Big deal $5.2 million is peanut for a betting agency !
Needs to be an investigation into this early payout , over confidence of an outcome can change the outcome of the election. Who can investigate?auspoll
At least something good came out of this result.
This is gold 😂😂😂
Zero care factor
Good
Gambling at its finest.
Election bungle Are you saying labor was meant to win regardless of what people voted for. Wow
That's what happens when you gamble sportsbet. 😳
Good!
You live by the sword.........
But they all took all ups into Kate MH on Eurovision GF. evensteven. armodan
Lol.
Publicity. So they signed up several thousand new punters and paid them all $10 to get that first sugar hit of 'winning' so they'll stick around and lose it and much more. Running ads on tv tonight to make the most of the free publicity you're giving them.
Now they know how a gambling addict feels.
Rhino72 can I get odds on the next Fed election now, cause I hear that Sportsbet will payout in June this year.... 😂🤣😂. Just wish I put an extra amount on at 6:15 when the LNP blew out to $11. Bugga.
This is gold
He should have won Bill Shorten Reckon lot went into the campaign
Suck on that Sportsbet! gamblingsucks! 😂
😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
Muppets.
Clive lost $70 million
Are they that stupid? Really?
davidbewart The whole betting process should be investigated. If this was a horse race the stewards would have stepped in and there be no pay outs.
So miffed that I missed out on a 7:1 payout but this makes things slightly better.
Best news from the election so far 😂
Well it was a nailed on cert, wasn't it? just where did he go wrong? 🤔
Surely just cfmeu members money anyway?
Happy to see them lose out.
Beautiful isn’t it.
Why are we gambling on elections to begin with?
Not a good time to ask for a BB
Maybe Billie boy and the Union can fork out some cash to help out them punters auspol betting greens = Cancer
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