It’s over! Sportsbet pays out THREE DAYS early on Bill Shorten's Labor to win the Federal Election Gambling giant Sportsbet has already payed out for an ALP Federal Election win Seven out of every 10 bets placed on Saturday's election were for the ALP Sportsbet opted to pay out based on past results showing majority bets win out Despite paying out two days before the election the market remains open
By Adam Mccleery For Daily Mail Australia
Published: 07:20 BST, 16 May 2019 | Updated: 07:44 BST, 16 May 2019
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Gambling giant Sportsbet has already paid out a staggering $1.3 million to punters who backed Labor to win the Federal Election despite it still being days away.
Sportsbet made the call after 70 per cent of all bets were placed on the ALP to win, at odds of $1.16.
One bet placed on the ALP to win managed to score a lucky punter a pay-out of $128,000 before a single vote has been counted for the May 18 election.
Sportsbet decided to pay out early based on the history of majority betting on elections, a politics trader from the
