Federal election 2025: Sportsbet, TAB have Anthony Albanese as odds-on favourite and no love for Dutton

On Saturday, millions of Australians will head to the voting booth to have their say in the Australian Federal election.

And, while most will be watching the results on election night to see who will be leading the country for the next three years, others might be watching to see if they have had a win on an election result punt.

Election betting odds are often seen as an alternative poll of sorts, predicting who may take out Australia’s top Federal job.

On election eve, the odds were brutally updated, appearing to be more bad news for Opposition Leader Peter Dutton.

Sportsbet and TAB have kept Labor as their favourite to form Government on Saturday night, paying $1.06 and $1.08 respectively. For the Coalition, the odds have dramatically worsened with the bookies in just a few days, with Sportsbet and TAB now paying $10.50 and $8.00 respectively for the win.

In what may come as a welcome development for Labor, if the betting odds are anything to go by, bookies now predict Mr Albanese will form a majority Government, putting the outcome at around $1.50.

Mr Dutton’s Coalition is now at $36 to form a majority.

In what could be seen as a more brutal bet, Australians are already betting on who the next Liberal leader will be.

Sportsbet has Mr Dutton not being the Liberal Leader at the next election at $1.22, listing Angus Taylor as the hot favourite to take the helm of the Party.

Although seen by some as an accurate poll, the odds are in no way a reflection of what will actually happen, as seen in the 2019 election when Sportsbet paid out on a Labor Bill Shorten win, only to hours later learn Scott Morrison had won.

The early payout meant Sportbet had paid out $5.2 million incorrectly.

The bookies predictions are in line with the latest polls held int he lead up to the election.

Federal Labor will govern with a clear majority while the coalition will suffer its worst election result in 80 years, if YouGov’s final poll before the election comes true.

YouGov’s modelling points to an 84-seat win for the government, out of 150 lower house seats, to return Prime Minister Anthony Albanese to The Lodge for a second term. The winning party needs 76 seats for a majority.

Under this scenario, the Coalition will drop to 47 seats — a net loss of 11 — meaning Opposition Leader Peter Dutton will have led his party to its worst seat total since 1946.

- With AAP