Betting market update
While the betting odds over the past six weeks have been unchanged, the first six months of 2006 saw the rise and rise of the Coalition in the minds of the punters. The Coalition began the year as even money favourites with Labor, following the drubbing the Work Choices legislation copped in the last quarter of 2005. Since then it is has been a slow rise in popularity until the current plateau.
The average of the four bookmakers suggests a 58.2 per cent probability of a Coalition government and a 41.8 per cent chance of a Labor government following the 2007 Federal election.
- For a Coalition win Centrebet would pay $1.57 and for a Labor win it would pay $2.25. The implied probability of a Coalition win at the next election is 58.9 per cent.
- For a Coalition win IASBet would pay $1.60 and for a Labor win it would pay $2.25. The implied probability of a Coalition win at the next election is 58.4 per cent.
- SportingBet is paying $1.62 for a Coalition win and $2.20 for a Labor win. The implied probability of a Coalition win at the next election is 57.6 per cent
- SportsBet is paying $1.60 for a Coalition win and $2.20 for a Labor win. The implied probability of a Coalition win at the next election is 57.9 per cent
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