I have been hesitating for months to put my money where my words are. For over a year now I have thought this next Australian federal election is as good as over and that Labor will be beaten but have not risked my own hard earned. No longer. The time has come to take the $1.21 on offer at Betfair about the Coalition.
$200 invested to potentially win $42.
The major risk I can see is that the Labor Caucus realises the futility of its position and replaces Julia Gillard with Kevin Rudd. As insurance against that I'll take $14 on the $15.0 about Rudd becoming the next Prime Minister. That will save my $200 stake.
Details of all my current political bets are at My portfolio