There are many weird and wonderful betting markets that you can bet on outside of the traditional sports and racing markets. Novelty markets are a lot of fun and can include things like reality TV, music, entertainment and awards nights.
But the latest exotic taking off at Australian betting sites?
Election betting.
Betting on the election is a great way to spice up a rather dull election evening. Here are a few of our partners offering markets for election betting, followed by our advice on the Australian federal election.
Ladbrokes
Global Betting Giant
Highly recommended site!
Bet365
World Class Sportsbook
Huge range of markets and promos!
Neds
Take it to the Neds Level
Leading Australian sportsbook
EDITOR'S NOTE: On Friday, March 28, Australian Prime Minister Anthony Albanese called the national election for Saturday, May 3. We have updated this article accordingly.
Election Betting - 2025 Australian Federal Election
Prime Minister Anthony Albanese is aiming to lead his Labor Party into government and be re-elected against Peter Dutton and the Coalition.
Both major political parties swung into campaign mode before the date of the Australian federal election even had been announced. Similarly, sportsbooks have already set betting odds as to who will be Australia’s next Prime Minister.
Politicians will spend the next five weeks imploring the Australian public as to why they should pick their party on election day. But it appears as if Aussie punters might be making up their minds already – or at least they are according to the current federal election betting odds.
Federal election betting odds
Who's going to win the federal election? What are the latest election betting odds?
It certainly looks to be a close race this time around and markets have flipped several times during the campaign so far.
At the time of this update, if you want to bet on the overall winner of the 2025 Australian federal election, you can:
- Back the Australian Labor Party to win at $1.73 at Unibet
- Get odds of $2.10 at Ladbrokes for the Coalition to win
- Pick any other political party – which currently is offered at $201 at Bet365
If you want to try a new betting site while you try this new bet type, here are a few that we highly recommend:
TradieBET
Bet smarter, not harder!
100% Australian owned
PuntZone
Get In The Zone!
Exciting new Aussie betting site
Bet Galaxy
Fun New Betting Site
Bet out of this world!
Where can I bet on the Australian Election?
Most of the best Australian betting apps have betting markets up for the 2025 Australian Federal Election. There are hundreds of markets available at sites such as Ladbrokes, Bet365 and Unibet, as well as markets for every state electorate in the country.
Here are a few other sites to consider for your election betting adventures:
Dabble
Betting just got social
Innovative, dynamic site!
BoomBet
Feel The BOOM
Fantastic promos and offers
PlayUp
Quality betting platform
Integrated with fantasy sports
When is the Australian federal election?
The 2025 Australian federal election will take place on Saturday, May 3.
Due to the nuisances of Australian law, there were three possible dates for the Federal Election - May 3, May 10 or May 17. Federal law also stipulates there can be fewer than 33 days between an election being called and held. Elections must also be held on a Saturday. This made May 3 the earliest possible date that could be selected.
Bookmakers offering election betting of course did not need to wait to offer markets. This is why you might have seen election betting odds as far back as November 2024!
What are your election betting tips?
We’re proven sports betting experts – not political pundits. We can’t pick the election winner with confidence, but we can share a few insights to hopefully guide you to a winning pick:
- While results often have been extremely close, no first-term government has lost a re-election attempt federally since 1931, so history is on Labor's side.
- Betting markets recently got the 2024 Queensland election right.
- Election betting markets become even more accurate the closer you get to polling day as more money flows into the pot and oddsmakers adjust their books.
- The 2025 federal budget was released this week. While some think it doesn’t do enough, others say it’s a decent whack of money for voters to be thinking about on the eve of an election. If you think better days are ahead, why would you change horses mid-race?
These are election betting trends, but as they say, "past performance doesn't guarantee future results." We want to help you pick who will win the election, but this is info only.
Are election betting odds accurate?
Probably more than you think!
In the most recent US presidential election, it was argued that betting markets more accurately predicted the final result than polls.
The basic theory behind these American “prediction markets” is that a lot of people with money on the line can collectively predict an outcome better than any one expert. Even if they’re not well informed, the average of all these people’s different opinions, weighted by everyone’s shared reluctance to lose money, can create accurate forecasts for public events.
Why does this matter for Australian election betting? Because odds will change between now and election day based on which side is receiving more money wagered than the other.
Follow the changes in election betting odds, and you’re following the money. Follow the money, and you’re following a collective wisdom that can be shockingly accurate with its predictions.
But remember, even the most accurate projections can be wrong. Always remember to bet responsibly!
Can you trust the election results if they’re being bet on?
Voting in the election is mandatory and a secure process. You can be sure that the official results can be trusted - regardless of what election betting odds indicated beforehand.
As for the bookies themselves? That’s a different story.
If we go back to 2019, one major Australian sports betting site paid out early on Bill Shorten to win the Australian Federal Election at odds of $1.16 two days before voting closed. The Australian public then surprisingly chose to re-elect Scott Morrison, leading to a $5.2 million bungle by the site.
Election Betting - The Verdict
It's a unique time for global politics, to say the least. So perhaps it's fitting that, from a punting standpoint, election betting is a unique market that will give you a unique twist to campaign and voting season.
Keep an eye on the election betting odds as they change, and a finger on the pulse of where you think public opinion lies.
Good luck and be sure to go vote!
