Bookies have installed the coalition as the favourite to form government following an inconclusive result from Saturday's federal election.
Sportingbet Australia has the coalition at a $1.40, while Labor is at $2.80.
Sportingbet Australia CEO Michael Sullivan said it looked very hard for Labor to form government, and punters had instantly backed the coalition to come to an agreement with the three re-elected independent MPs.
"The coalition are a clear favourite, as it is hard to see how a Labor government relying on support from a Green and essentially conservative independents would ever reach a consensus and be able to function effectively," Sullivan said.
Sportingbet opened the book on Sunday with the coalition at $1.50 and instantly took two bets of $5000 at $1.50 and $1.45.
