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Politics : Politics for Pros- moderated

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To: Neeka who wrote (75645)	10/8/2004 2:35:17 AM
From: kumar	of 793916

Punters haven't deserted Latham, say bookies October 8, 2004 - 4:23PM The big money might be on John Howard but bookmakers say small-time punters have not deserted Mark Latham in Australia's greatest federal election betting spree. Betting agencies expect to have taken almost $4 million by the time the books close on the election tomorrow morning. The coalition finished the six-week campaign firm favourites with Centrebet, which had Prime Minister Howard at $1.20 to retain office and Labor at $4. Mr Howard's pledge to protect Tasmanian forestry jobs was seen as influential in the final week of the campaign. Rival agency Sportodds had the same prices on the major parties while Sportingbet Australia was offering $1.22 on the coalition and $4 on a Latham win. About 75 per cent of the total betting pool of the three agencies is on a coalition win, with two Sydney punters both putting $200,000 on a Howard victory. But Centrebet form analyst Gerard Daffy said today hundreds of small time punters had been placing bets on Labor. "They've got plenty of support," Mr Daffy said. Sportingbet Australia CEO Michael Sullivan said his agency had taken around $2 million on the election. He said the biggest bet on Labor had been $100,000 at $2.35 three months ago. Mr Sullivan said Labor's price had been as high as $4.50 with $1.80 offered on the coalition at one stage. "The fluctuations have been so wild," he said. Mr Daffy said last month's Jakarta bombing and the logging decision in Tasmania had been key moments for punters during the election campaign. He said news stories in July concerning Mr Latham's private life also had resulted in support for the coalition. Betting agencies also have had a lot of interest in the US presidential election next month with George W Bush clear favourite to beat Democrat rival John Kerry. AAP

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