Betting market update
The NSW election outcome did not affect appreciably the betting market for the Federal election. Given that the NSW election results were in line with market expectations, perhaps the disincentive of wall-to-wall Labor governments had been priced into the current odds. The average probability from the five bookies for a Coalition government following the 2007 election is 47.4 per cent. It was 46.9 per cent on Wednesday last week.
| Bookmaker | Coalition Odds | Labor Odds | Probability of a Coalition Win |
|---|---|---|---|
| Centrebet | $2.00 | $1.75 | 46.7% |
| IASBet | $1.95 | $1.85 | 48.7% |
| SportingBet | $1.90 | $1.90 | 50.0% |
| SportsBet | $2.05 | $1.73 | 45.8% |
| SportsAcumen | $2.05 | $1.73 | 45.8% |
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