Malcolm Turnbull is tipped to win tonight's leadership ballot despite National's leader Warren Truss and Treasurer Joe Hockey declaring allegiance to Tony Abbott.
Malcolm Turnbull is tipped to win tonight's leadership ballot despite National's leader Warren Truss and Treasurer Joe Hockey declaring allegiance to Tony Abbott. Twitter

Bookies pick Turnbull to win spill

THERE will be a loser and a winner in tonight's Liberal leadership spill and betting on who will walk away with the title of Prime Minister has already begun.

Online bookmaker sportsbet.com.au has opened a market on the impending ballot.

Malcolm Turnbull is expected to win the ballot, priced $1.10, with Prime Minister Tony Abbott at $6.00.

The announcement of a leadership challenge has caused a bounce for the Liberals in Canning, with Liberal candidate Andrew Hastie shortening from $1.27 into $1.20 following today's announcement while Labor's Matt Keogh has drifted back out to $4.00.

Malcolm Turnbull's decision to challenge Abbott for the Liberal leadership has seen the Coalition shorten from $1.73 into $1.50 to win the next Federal Election, while Labor has gone from $2.15 out to $2.65.

Liberal leadership ballot

$1.10   Malcolm Turnbull

$6.00   Tony Abbott

Canning By-Election

$1.20   Liberal (Andrew Hastie)

$4.00   Labor   (Matt Keogh)

Others quoted

Next sworn-in government

$1.50   Coalition

$2.65   Labor



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