WA Election 2005: Labor firms as favourite
Labor is firming as the favourite in the WA election. This evening, Centrebet is paying $1.57 for a Labor win and $2.25 for a Coalition win. The implicit probabilities are a 41 per cent chance of a Coalition win and a 59 per cent chance of a Labor win.
Update 9 Feb 05 @ 9 pm: Centrebet is now paying $1.50 for Labor and $2.40 for the Coalition. This gives implied probabilities of 62 and 38 per cent respectively.
Update 10 Feb 05 @ 5 am: Centrebet is now paying $1.45 for Labor and $2.50 for the Coalition. This gives implied probabilities of 63 and 37 per cent respectively.
Update 10 Feb 05 @ 6 pm: Centrebet is now paying $1.40 for Labor and $2.70 for the Coalition. This gives implied probabilities of 66 and 34 per cent respectively.
Update 13 Feb 05 @ 10 am: Centrebet is still paying $1.40 for Labor and $2.70 for the Coalition.
Update 14 Feb 05 @ 7 am: Centrebet is still paying $1.40 for Labor and $2.70 for the Coalition.
Update 15 Feb 05 @ 8:30 am: Centrebet is still paying $1.40 for Labor and $2.70 for the Coalition.