Julia's leadership prevails
THE votes are in; the lady in red is still the Prime Minister of Australia, winning 71 to 31, despite Kevin Rudd's attempt to steal back the reins.
Aussies were even placing bets on who would win the vote, but Warwick TAB manager Shayne Richardson said Rose City punters weren't dabbing their toes in the political gamble.
"A couple of people have said how ridiculous it is, but I haven't had anyone bet on it," Mrs Richardson said.
Warwick punter David Cunningham said he wouldn't waste his time betting on politics.
"I don't bet on that sort of thing," Mr Cunningham said.
"It was an easy win for Gillard; I am more of a Kevin Rudd supporter, but I knew she would win."
But that didn't stop one confident Aussie punter who placed $300,000 on Ms Gillard to win and took home an extra $30,000 after the votes were counted.
Sportsbet spokesman Shaun Anderson said the lucky punter was not the only one putting big money on the Labor leadership ballot.
"We took over $600,000 worth of bets which is quite amazing," Mr Anderson said.
"The guy that put $300,000 on had actually put $200,000 first, and then five minutes later put on another $100,000 (on Gillard)."
Prior to the vote, the odds were on Ms Gillard as the clear favourite at $1.02 and Rudd was paying $11.
"Gillard was really well-backed, and all the smart money was there," Mr Anderson said.
But, it was the other novelty bets that had Australians in laughing fits across the country.
"We had some on what colour tie Rudd would wear and what colour jacket Gillard would be wearing," Mr Anderson said.
It seems most of Australia thought Mr Rudd would be choosing a black tie for his big moment, with red the second favourite colour.
"(We also had) where will Rudd go if he leaves the country and we had $1.45 on Great Britain, $21 on China and Somalia as a long shot which was $101 for $1," Mr Anderson said.
He said having these categories in which to bet made a serious issue fun.
"It's toward our novelty market and it's all a bit of fun; putting a funny edge onto something serious," he said.
"We enjoy doing it and the punters like doing it as well.
"Punting can be very serious, so it gets people to have a laugh."
Ms Gillard took over the leadership from Mr Rudd in June 2010 after he lost the support of the Labor caucus.
This vote was the largest win in Labor leadership ballot in 30 years, with Mr Rudd's 31 being the fewest votes by an ALP federal leadership contender since Gough Whitlam defeated Bill Hayden 32-30 in 1977.
Julia Gillard remains the Prime Minister of Australia, defeating Kevin Rudd 71 - 31.