Betting agency’s kiss of death?

History repeats? In the 2016 presidential election Paddy Power paid out on an expected Hillary Clinton win two weeks early. How wrong the betting agency was. How funny to watch the one sided mainstream media switch from 90% chance for Clinton to 98% for Trump. Expensive mistake.

CM has never forgotten watching a Bloomberg screen updating tallied Brexit votes and seeing the betting agencies scramble to cover their completely wrong odds as the count swept through the Midlands.

Now SportsBet has paid out early on a Bill Shorten win over PM Scott “ScoMo” Morrison. $1.3mn in total. A great stunt but this election is about cost of living, not climate change or refugees. Labor is no slam dunk as much as we were led to believe from the string of negative polls.

To be fair this election is so hard to call. The Coalition has been terrible since the Turnbull years but Shorten, for all of the easy ride into the Lodge, has hardly shown himself to be a clear winner. What on earth made him think ScoMo’s thoughts on whether gays would go to hell was even an issue? Now his Treasurer Chris Bowen is telling people not to worry if their largest asset falls into negative equity.

ScoMo has performed very well. Strong on numbers and content. Bill Shorten couldn’t count to save himself. CM only this morning pointed out the ridiculous claims made by Labor MP Richard Marles.

SportBet May yet prove correct but history has been a poor guide in recent years.

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