NSW: 56% chance of a Labor Government in 2007
Now that was something I have not seen in a while. The next New South Wales election is due on 24 March 2007 and Centrebet is posting odds. It is paying $1.65 for a Labor win and $2.10 for a Coalition win. The implied win probabilities are 56 per cent for Labor and 44 per cent for the Coalition.
The last time I saw odds on the next NSW state election was in August 2005. Interestingly, I have not seen odds on the three state elections before NSW: South Australia, Tasmania and Victoria; all in 2006.