Latest Australian Election Betting Markets & Odds - Labor heavy favourites to win 2025 Federal Election

Bets.com.au Staff

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Last updated: 02 May 2025

Bets.com.au Staff 02 May 2025

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Latest betting markets and odds for upcoming Australian Federal Election
Labor have firmed into huge favouritism over the last month
Coalition have drifted, with Peter Dutton's campaign losing legs recently
Labor currently favoured to cover a -12.5 seats line

Expired

Australian Prime Minister Anthony Albanese shakes hands with Opposition Leader Peter Dutton (Photo by Getty Images)

With the 2025 Australian Federal Election just days away, the Labor Party are strong favourites with the bookies to secure another term in office.

Over the past month, the Australian Federal Election betting odds have shifted notably, reflecting changing sentiment and campaign developments.

Peter Dutton and the Coalition were betting favourites at the start of 2025 to overthrow Labor and current Prime Minister Anthony Albanese. However, Dutton has lost immense support around the country over the last couple of months and Labor are now almost unbackable favourites.

As of Friday May 2, the Coalition have drifted out to as much as $10 at some bookmakers, with Labor firming to as short as $1.06.

You can see the latest odds for who will win the election in the table below.

Latest Australian Federal Election Winner Odds

Bookmaker	Labor (ALP)	Coalition (LNP)	Any Other Outcome
Betr	$1.10	$7.00	$251
PlayUp	$1.07	$8.00	$251
Neds	$1.06	$9.00	$201
Elitebet	$1.06	$10	$501
Unibet	$1.10	$7.00	$201
Ladbrokes	$1.06	$9.00	$201

Odds correct from 2/5/25.

Australian bookmaker sites are also offering odds on various other election outcomes.

Punters have the opportunity to bet on the type of government formed - namely a minority or majority.

With Labor big favourites to be re-elected, the most likely outcomes are Labor Minority or Majority governments, with the Coalition long odds for both options but especially Majority.

Labor Minority was the most backed option with the bookies up until this week, where the odds shifted slightly to Majority. As of Friday May 2, a Labor Majority government is the most likely scenario with the bookies.

Type of Government Formed - Latest Odds

Bookmaker	Labor Minority	Labor Majority	Coalition Minority	Coalition Majority	Any Other
Ladbrokes	$3.00	$1.60	$10	$26	$201
Neds	$3.00	$1.60	$10	$26	$201
PlayUp	$2.30	$1.65	$9.00	$34	$201
Betr	$2.70	$1.55	$9.00	$34	$251
Unibet	$2.85	$1.65	$7.50	$21	$201

Odds correct from 2/5/25.

A hung parliament has been predicted for the bulk of the election campaign, but with Labor Majority firming in recent times, the odds continue to chop and change daily, with value on offer with some bookmakers.

As you can see in the table below, PlayUp and Betr have plus money odds for a Hung Parliament, while Neds/Ladbrokes were only offering $1.40 before pulling their markets. It's important to scan all bookmakers as there's a good chance you can find better odds for certain markets.

Hung Parliament Latest Odds

Bookmaker	Hung Parliament - Yes	Hung Parliament - No
Betr	$2.40	$1.53
PlayUp	$2.25	$1.65
Ladbrokes	-	-
Unibet	$2.25	$1.63
Neds	-	-

Odds correct from 2/5/25.

Latest Election Line Betting Odds

Betting Tip 👇

Australian Federal Election Line Betting Labor -12.5 $1.70 - BET HERE

18+ only. Ts and Cs apply. Think ! About your choices. Call Gambling Help on 1800 858 858 or visit the website. All bets accepted on behalf of PlayUp Interactive Pty Ltd Licensed in Northern Territory, Australia by NT Racing Commission. www.gamblinghelp.nsw.gov.au

Online bookmaker PlayUp are one of few bookmakers to also be offering election seat line odds.

The line is currently set at 12.5, with Labor $1.70 favourites to cover and the Coalition at $2.12.

The latest projections suggest Labor are in line to cover and win by a margin of 15 seats over the Coalition.

Labor: 75 seats (just one short of the 76 needed for a majority in the 150-seat House of Representatives)
Coalition: 60 seats
Independents: 11 seats
Greens: 2 seats
Katter’s Australian Party: 1 seat
Centre Alliance: 1 seat

Bets.com.au Election Value Bets - Latest odds

Our political experts picked out three value bets regarding Labor to win specific seats earlier this month and if you jumped on, you received some great value, with the market moving considerably.

Click the link above to see reasoning and justification for each bet.