Betting market movement
I just noticed the betting market odds have moved slightly.
At the beginning of March 2005 Centrebet had the Coalition on $1.45 for the win, and Labor on $2.55. Giving implied win probabilities for the 2007 election of 64 per cent for the Coalition and 36 per cent for Labor.
This morning the odds are $1.50 for the Coalition and $2.40 for Labor. The implied win probabilities are 62 per cent and 38 per cent respectively.