Betting market update
With yesterday’s stellar Newspoll, the betting market has overcome its recent bout of nerves and returned Rudd to Beazley’s pre-challange probability of winning the 2007 Federal election.
The average of the four bookmakers suggested a 57.9 per cent probability of a Coalition government following the 2007 Federal election. (It was 60.9 per cent on 9 December 2006).
- For a Coalition win Centrebet would pay $1.61 and for a Labor win it would pay $2.20. The implied probability of a Coalition win at the next election is 57.7 per cent (was 62.5 per cent)
- For a Coalition win IASBet would pay $1.68 and for a Labor win it would pay $2.15. The implied probability of a Coalition win at the next election is 56.1 per cent (was 60.3 per cent)
- SportingBet is paying $1.57 for a Coalition win and $2.30 for a Labor win. The implied probability of a Coalition win at the next election is 59.4 per cent (was 60.3 per cent)
- 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 (was 60.5 per cent)
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