Last Saturday in November?
According to the Age, Treasurer Costello told comedian Dave Hughes that the election would be held on the last Saturday in November *ie. 24 November).
Hughes had asked the Treasurer how he was feeling. Costello replied that he was “very toey indeed”, with butterflies in the stomach.
Hughes: “What are you talking about, the election or the grand final?”
Costello: “They all culminate together this time of year, of course, the last day of September, and the last day of November, isn’t it?”
Hughes sensed a scoop. “Is it? You’ve just called it, have you?” he asked. “You’ve taken over already, have you?”
The Treasurer quickly corrected himself. “Some time between now and Christmas — and it won’t be Christmas Day.”
November 24 remains the favourite with Sportingbet.
The latest a 24 November election can be called is 22 October 2007.
A November 24 election could see another Parliamentary sitting week, from 15 to 18 October.
| Date | Odds | Raw Probabilites | Adjusted Probabilities |
| November 3rd | $13.00 | 7.7% | 5.1% |
| November 10th | $6.00 | 16.7% | 11.1% |
| November 17th | $3.00 | 33.3% | 22.2% |
| November 24th | $2.50 | 40.0% | 26.7% |
| December 1st | $4.00 | 25.0% | 16.7% |
| December 8th | $7.50 | 13.3% | 8.9% |
| December 15th | $12.00 | 8.3% | 5.6% |
| December 22nd | $101.00 | 1.0% | 0.7% |
| December 29th | $61.00 | 1.6% | 1.1% |
| Any Saturday during January or beyond | $34.00 | 2.9% | 2.0% |
| Vigorish: | 149.9% | 100.0% |