SECOND SPILL TIPPED AND OCTOBER ELECTION MOST LIKELY

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Australians will be going to the polling booths a lot quicker than expected according to the betting.

The odds suggest we’ll be voting on our next government a lot sooner than expected with October the most likely date for an election, but another challenge looks on the cards before then.

View Election betting here.

October is the new favourite in the market, moving from $10 into $2.50 following the spill.

Malcolm Turnbull is now $1.55 to be leader at the election with Peter Dutton not ruled out on $2.55.

Another leadership spill is likely to happen at odds of $1.55, not occurring pays $2.25.

Labor have been the main benefactor from today, moving from $1.45 into $1.40 to win the election, the Coalition are out to $2.85 from $2.50.

What do you think?