Betstar’s Alan Eskander says he isn’t surprised to see favourite Anthony Albanese, drift in the Federal Labor Leadership market.

Albanese opened at $1.33 with Betstar but has begun to drift in the past two weeks out to $1.42, while fellow contender Bill Shorten has firmed significantly from $3.40 into $2.80.

“I’m not surprised that Albanese has drifted from $1.33 out to $1.42”, Eskander said.

“We always expected that late money would come for Shorten, and I believe that trend will continue. The punters have gone cold on Albanese and seem to be turning more and more to Shorten in the last couple of weeks.

“Shorten opened at $3.40 and has continued to firm. We’ve had several substantial bets placed on Shorten in the last 24 hours, and he has now been well backed from $2.90 into $2.80.”

The leadership contest will be decided by a nationwide ballot of party members before the caucus meets for a vote next Thursday on October 10.