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BetWWTS.com Offers Updated Odds on Canadian Election

22 Jun 2004

ST. JOHN'S, Antigua – (PRESS RELEASE) -- In what many deemed a certain victory for the controlling Liberals just a few months ago, the 2004 Canadian Federal Election has quickly become a tight battle between the Conservative and Liberal parties. First handicapping the political race at the beginning of June, online bookmaker BetWWTS.com today announced updated odds on the outcome of the Canadian Federal Election.

A leading offshore gaming company for over 10 years, BetWWTS.com has seen a dramatic shift in the odds on which party will emerge victorious in the June 28 election. With polls indicating that the election could go either way, BetWWTS.com lists the likelihood of either a Conservative or Liberal Minority controlling the Canadian government at 10/11 odds (i.e., win $10 for every $11 bet). When the company opened betting on the election on June 1, a Liberal Minority was the favorite at 3/5 odds followed by a Conservative Minority at 2/1.

"When we first opened wagering on the Canadian Federal Election, the Conservative party had been gaining support across the nation, but the feeling was their momentum would wane. However, this has not been the case with the latest polls indicating a tight race, which will be decided by the vote in Ontario," said Simon Noble, CEO of BetWWTS.com. "Although the polls have the Liberals with a slight edge at 34% and the Conservatives at 28%, with 15% of voters undecided, the vote could sway in either parties favor by Election Day."

The odds that either party emerges from the election with majority control of the government remain somewhat slim, but also demonstrate an increase in support for the Conservatives across the nation. BetWWTS.com lists the odds of the election resulting in either a Liberal or Conservative Majority government at 6/1 odds. The company originally listed the odds on a Liberal Majority at 3/1 when betting opened, while the odds on a Conservative Majority assuming power were 20/1 on June 1. Bettors can also wager on the election resulting in anything other than a Conservative or Liberal Minority or Majority government at odds of 150/1.

BetWWTS.com will accept wagers on the 2004 Canadian Federal Election until Election Day, June 28th. For more information and a complete list of odds, please check the "Special Events" section at http://www.betwwts.com .

 
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