Malcolm Turnbull is now the odds-on $1.50 with Sportingbet.com.au to lead the Coalition into the next federal election.
Punters have crunched Mr Turnbull’s odds in from $7 at Sportingbet since last week.
Tony Abbott’s odds of still being Prime Minister at the next election have drifted significantly from $1.10 to $2.75 at Sportingbet.
Julie Bishop is third favourite at $3.75.
“There has been overwhelming support for Mr Turnbull and he has attracted more than 80% of bets placed in this market since Monday,” said Sportingbet’s Andrew Brown.
“Mr Abbott has been friendless and we’ve barely seen a cent for him.”
Prime Minister at the next election
Odds from Sportingbet.com.au
Malcolm Turnbull $1.50
Tony Abbott $2.75
Julie Bishop $3.75
Scott Morrison $15
Joe Hockey $34
Christopher Pyne $41
Mal Brough $51
Greg Hunt $67
Barnaby Joyce $81
Andrew Robb $101
Peter Dutton $101
Warren Truss $251