Political Betting Explained
Voting in Australia’s federal elections has been compulsory since 1925…but betting on political markets is a much more recent thing.
For the House of Representatives, a preferential ballot system has been in use since 1919, in single-member seats. For the Senate – the proportionally representative upper house – a single transferable vote system has been in use since 1949, with optional group voting tickets since 1984. The election will be conducted by the Australian Electoral Commission (AEC).
Bookmakers like Sportsbet offer regular markets on Australian politics including elections, referendums, budgets, as well as UK political betting, US political markets and when government legislation will be introduced for things like same sex marriage.
There are a variety of betting sites available online for Australians looking to place a bet. No matter what your interest is, there’s a site that can cater to your needs. Choosing the right betting site is important, as it will affect the odds you’re offered and the range of markets available to bet on. Our list of online betting sites in Australia includes a range of different options, so you’re sure to find one that’s right for you. With so many options available, there’s no excuse not to shop around and find the best possible deal. Read our expert bookmaker reviews for more details.