Canadian election causes flurry of online bets
By abigail
In Canada there has been a rise in betting activity on the outcome of their next federal election. Betfair have announced that this weekend they experienced the level of activity usually associated with a Sunday or Monday night National Football League game. The main reason cited for the heightened betting activity is that this election battle has been the closest fought in Canada for at least twenty years, which has motivated online gamblers to take a punt on the unpredictable result.

Jordan Ferguson, the Canadian manager of Canada at Betfair commented on the reasons for the level of anticipation surrounding the result, and the ensuing popularity with online gamblers, ``This has been one of the most closely followed political markets, with massive media attention, we've ever run…A lot of volatility was centered around the odds of Stephen Harper.'' The battle has attracted a lot of attention from gamblers in Europe, as well as drawing in bets from Australia and Southeast Asia.

Polls currently rate the chances of reigning Prime Minister Paul Martin, and the challenger Conservative Stephen Harper as exactly equal. Harper’s odds fell from 4.5 to 1.05, equating to a gain of $10.50 instead of $45 from a $10 bet. Currently Martin has been offered at 1.01.

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