Betting market update

Bryan · Monday 4 September 2006 · 5:35 am

Over the past three weeks, there was little movement to report in the betting market for the next Federal election. The average of the four bookmakers suggested a 57.3 per cent probability of a Coalition government following the 2007 Federal election (down from 57.6 per cent on 16 August).

Betting market probabilities

  • 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)
  • 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 (unchanged)
  • 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 (unchanged)
  • SportsBet is paying $1.65 for a Coalition win and $2.20 for a Labor win (was $1.60 and $2.25). The implied probability of a Coalition win at the next election is 57.1 per cent (down from 58.4 per cent)

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Betting market ·