Punters with online bookmaker sportsbet.com.au are clear that the Federal Election will take place in July, with 55% of wagers placed on that month alone.

July started the year at odds of $16 but has been steadily backed into the current price of $1.87 – $1.87 also the odds on offer for any other month.

Sportsbet are also offering a new market on the exact date of the Federal Election with July 2nd the tip at $4.00.

This is all due to the threat of a double dissolution being called, which is now a $1.80 chance in from $4.20 at the start of 2016.

“Our punters are pretty confident the election will take place in July and with the Coalition’s odds so short to win, it looks like Malcolm will be walking in a winter wonderland,’’ said sportsbet.com.au’s Will Byrne.

Markets courtesy sportsbet.com.au
Month of Next Federal Election
$1.87 July 2016
$1.87 Any Other Date

Exact Date of Next Federal Election
$11 Before July 2
$4.00 July 2
$11 July 9
$11 July 16
$11 July 23
$11 July 30
$14 August 6
$16 August 13
$16 August 20
$8.00 August 27
$8.00 September 3
$8.00 September 10
$9.00 September 17
$9.00 September 24
$6.00 After September 24

Double Dissolution to occur
$1.80 No
$1.95 Yes

Sworn in Government
$1.15 Coalition
$5.50 Labor