Federal election 2025: Bookmakers favour Anthony Albanese over Peter Dutton one week out


One week before the 2025 Australian federal election, bookmakers favor Anthony Albanese over Peter Dutton, despite Dutton's claims of a potential upset.
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While polls may show soft votes, more than 1.8 million people had by Anzac Day cast a pre-poll ballot while 500,000 had returned a postal vote. In some electorates, such as Hinkler in Queensland and Gilmore in NSW, more than 18 per cent of people have voted.

According to Dutton, there were a “lot of quiet Australians” across outer suburbs and cities who saw the Coalition as the best managers of the economy and the only party able to bring down the price of food.

“I think this election is going to be decided this week. I think [Albanese’s] taking it for granted. I think there is a lot of anger in the suburbs,” he said.

“I do believe that we can form a majority government.”

Asked if long-shot seats such as Labor-held Whitlam (NSW) and Gorton (Victoria) would fall to the Coalition, Dutton said: “The short answer is yes.”

“Albanese has prioritised the interests of Green voters in inner-city Sydney and Melbourne, many of whom are quite affluent, and he’s abandoned people in regions and in the outer suburbs,” Dutton said.

Dutton will on Sunday hold a campaign rally in the outer-Melbourne electorate of Hawke, held by Labor’s Sam Rae on a margin of 7.6 per cent, in a suburban fringe zone dominated by the debate over the proposed Melbourne Airport rail line.

But bookies also believe the Nationals’ seat of Cowper on the NSW north coast will be won by an independent, while the Coalition is only a 50-50 chance of retaining the northern Sydney seat of Bradfield.

Labor is expected to win back the seat of Brisbane, which was picked up by the Greens in 2022. In a tight race, Labor is also favourite to hold the Sydney seat of Bennelong, which a redistribution has made notionally Liberal.

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Albanese, who started Saturday in the Labor-held seat of Chisholm and accompanied by his candidate for the nearby seat of Deakin (held by the Liberals), said only the government was delivering enduring cost-of-living relief to all Australians.

“We are offering permanent income tax reductions. [Dutton is] offering permanent income tax increases and in addition, any short-term measures are just that,” he said.

There are many seats where bookmakers have different favourites or the odds are close. They include Chisholm, Macnamara, McEwen, Lyons, Lingiari and Wills, all held by Labor

But the Coalition is also only the marginal favourite in a series of electorates including Wannon, Moore, Deakin and Leichhardt.

Famously, Sportsbet paid out early in 2019 and lost at least $5 million when its odds had then-Labor leader Bill Shorten winning that year’s election.

Despite the 2019 result, the favourite has won every other election since betting markets started ahead of the 2001 poll.

While bookmakers were largely accurate in the 2022 election, some outsiders did win. In several seats, surprise victories by the Greens caught out punters, including Stephen Bates, who was a $9 outsider in the seat of Brisbane and beat Labor’s Madonna Jarrett, who was the $1.75 favourite.

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