Weekly betting market update
The betting market again lengthened for the Coalition in aggregate (albeit only slightly). The average of the four bookmakers suggested a 56.8 per cent probability of a Coalition government (down from 57.5 per cent last week, and 58.2 per cent the week before), and a 43.2 per cent chance of a Labor government following the 2007 Federal election.
- For a Coalition win Centrebet would pay $1.60 and for a Labor win it would pay $2.20. The implied probability of a Coalition win at the next election is 57.9 per cent (up on 56.0 per cent last Monday)
- For a Coalition win IASBet would pay $1.70 and for a Labor win it would pay $2.15. The implied probability of a Coalition win at the next election is 55.8 per cent (down from 58.4 per cent)
- SportingBet is paying $1.67 for a Coalition win and $2.10 for a Labor win. The implied probability of a Coalition win at the next election is 55.7 per cent (down from 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 (unchanged)
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