Yet again, Sportsbet has beaten Sky News, the ABC, Fairfax and Newscorp to the punch, we’re calling it:

Labor will saunter to a comfortable victory in the Victorian election and as a result we’re paying out on them early.

At 6am we paid out over $100,000 on Dan Andrews sweeping to power after Saturday’s vote.

Victoria election betting odds

Despite us paying out on Labor, our Victoria election markets are still open.

Still fancy a punt on the Liberals to take it? You can still bet on them, they’re a tasty $5.50.

You can have a punt on everything from seats, to the upper house majority, the last declared seat, and each individual Victorian electorate.

Political betting

And if you’re a bit of a political eagle, then why not have a flutter on our other politics markets – everything from the gender of the next US President to the Republican Party nominee.

There’s surely some value in Ted Cruz as an outside bet at $17.