Weekly betting market update
It has been a week since I last checked the betting market. There has been another small movement in Howard’s favour, notwithstanding the conventional wisdom that interest rates, petrol prices and industrial relations are fertile ground for a Labor victory in 2007.
The average of the four bookmakers suggested a 57.6 per cent probability of a Coalition government (up from 57.1 last Wednesday) 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 (unchanged on Wednesday last week)
- For a Coalition win IASBet would pay $1.67 and for a Labor win it would pay $2.20. The implied probability of a Coalition win at the next election is 56.8 per cent (up from 55.8)
- SportingBet is paying $1.67 for a Coalition win and $2.15 for a Labor win. The implied probability of a Coalition win at the next election is 56.3 per cent (up from 55.3)
- SportsBet is paying $1.60 for a Coalition win and $2.25 for a Labor win. The implied probability of a Coalition win at the next election is 58.4 per cent (unchanged)
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