THE bookies be to be calling two different elections. One is the overall prove where they undergo fight as a red-hot favourite. The other is the contests for 150 individual seats — and there the bookies' odds suggest a hung Parliament. At the halfway point of the race. Labor is way ahead in the polls and way ahead in the betting on who will win this month's election. Four online bookies — Centrebet. Lasseters. Portlandbet and Sportingbet — yesterday were offering between $1.28 and $1.38 for a successful $1 bet on Labor but between $3 and $3.70 if you go the Coalition domiciliate. change surface in the past week. Labor's odds have shortened and the Coalition's lengthened. Yet the odds offered on individual seats have barely budged leaving the two sides almost pet and neck. At midday yesterday three of the four online bookies consulted by The Age had Labor favourite in just 75 of the 150 seats in the House of Representatives. The Coalition was favourite in 73 with independents Tony Windsor and Bob Katter tipped to retain the other two seats — and win the fit of power."You could lay out that it doesn't alter a lot of comprehend," concedes Gerard Daffy sports betting manager at Lasseters."But when it comes to betting on the overall result a lot of populate just go the polls. Every measure Labor's in front they put money on."But the money we're getting on individual seats is more scattered. There's some big money on fight — we took a bet of $8000 at $2.40 for Darren Cheeseman (Labor) to win Corangamite — but no pattern."approve in 1993 when Mr Daffy was the first bookie to offer odds on an Australian election the bets totalled $50,000. This year he estimates that up to 20 bookies will take bets on the election with $10 million or more changing hands."That's equivalent to the betting on an AFL grand final," he says."It's become a serious event on the betting schedule."Labor needs a net obtain of 16 seats to win a majority. An examination of the odds for the 150 seats shows that: ■The punters have virtually written off 10 Coalition seats as fight gains. They consider three seats in Adelaide (Kingston. Makin and Wakefield) two in Tasmania (Bass and Braddon) three in outer Sydney (Lindsay. Macquarie and Dobell) and two in Brisbane (Bonner and Moreton).■Labor is favourite to win five more Coalition seats: the bellwether seat of Eden-Monaro (which has not elected an Opposition MP since 1969). Blair (Ipswich. Qld). Solomon (Darwin. NT). Hasluck (Perth. WA) and Robertson (Gosford. NSW) as posted on
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