Bookmaker Portlandbet is offering seat by seat election betting, and the figures are interesting. Bookmakers always tend to play it safe with predictions on the elections, and thus are taken more seriously by most political commentators than polling results. This habit is especially true this year, as the ALP's constantly high polls are too positive to be taken with anything but a grain of salt. Or a fistful of salt, in Portlandbet's case.
Portlandbet is predicting a Coalition victory with a six-seat buffer from Labor. It's incredibly cautious, considering that the latest Morgan poll would see the ALP sweep in with 117 seats.
At the moment, Portlandbet are looking to lose more than the Coalition.
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