Betting market weekly update
I am on the road this week doing the family holiday thing. So there are no graphs or detailed analysis.
- Centrebet was not posting odds on the next Australian election when I just checked. However, commentator Kapunda cited $1.65 and $2.10 in the Coalition’s favour from this afternoon, a change from $1.57 and $2.25 last week.
- IASBet was unchanged on $1.60 to $2.25 in the Coalition’s favour.
- SportingBet was unchanged on $1.62 to $2.20 in the Coalition’s favour.
- SportsBet was unchanged on $1.60 to $2.20 in the Coalition’s favour.
Interestingly, Gerard Daffy from Centrebet had this to say on 5 July 2006:
The latest polls released in Australia have Labor surging ahead of the Coalition and that has seen a change to the betting to win the next election.
It was a smart move of the Howard Government to push their new workplace reforms through well ahead of the next election, as they are copping plenty of flak in the press over it. At least they get an extended period of time to let the dust settle before we go off to the polls, very much like what happened with the GST.
The Coalition remain favourites at 1.60, having eased from 1.55 but the only reason they aren’t a much bigger quote is because of the $50,000 bet we took for them at 1.65 before Christmas. Having said that, we haven’t really seen a surge of support for Labor either so they still have some work to do on impressing the public.
The usual graphs are here. You may need to hit the refresh or reload button on your browser to see the latest graphs.