Online bookmaker sportsbet.com.au is reporting a steady flow of money placed on the Federal Election being held in August of this year.

Over 40% of total wagers has been placed on August, the price reduced from $11 into $7.00 as a result.

There’s also a large chunk of interest in September – 34% of money wagered on that option, the price now $9.00 (in from $11).

In terms of who will win the election, the Coalition have firmed from $1.65 into $1.52 (Labor now $2.40, out from $2.20).

“There has been plenty of punter interest in an election within the next few months so watch this space,’’ said sportsbet.com.au’s Will Byrne.

Markets courtesy of sportsbet.com.au: Join Sportsbet.com.au Here.

When will the next Federal Election be held?
$251 June 2015 (out from $51)
$101 July 2015 (out from $34)
$7.00 August 2015 (in from $11)
$9.00 September 2015 (in from $11)
$15 October 2015 (in from $17)
$17 November 2015 (in from $19)
$34 December 2015 (steady)
$10 January 2016 (out from $9.00)
$10 February 2016 (out from $9.00)
$10 March 2016 (out from $7.50)
$10 April 2016 (steady)
$16 May 2016 (steady)
$15 June 2016 (steady)
$15 July 2016 (steady)
$6.00 August 2016 (out from $5.00)
$5.00 September 2016 (out from $4.00)
$8.50 October 2016 (out from $7.50)
$13 November 2016 (out from $11)
$21 December 2016 (steady)
$51 January 2017 (steady)

Next Federal Election Winner
$1.52 Coalition (in from $1.65)
$2.40 Labor (out from $2.20)