With such a long time to go until the election is called, punters are clearly sitting back and waiting for polling day to get closer before placing their wagers. And up to two years is a long time to have money tied up in a bet. Having said that, if Labor are the near certainties that many of the pundits are suggesting, a 60 per cent return from a bet on Labor, over two years, is a great return. That said, for those thinking a stronger economy, a return to budget surplus and a cooling in Liberal Party infighting will see it sneek back in, 130 per cent over two years is extraordinary.
Or maybe it is the shock of the recent Brexit and US Presidential elections that are keeping punters at bay, at least until the election dates gets nearer.