Betting market update
It is a bit difficult to provide a betting market update when Centrebet is down until 10am for maintenance, and IASBet has taken down its Australian election odds.
SportingBet has moved in Howard’s favor immediately post Budget, offering $1.85 each way.
SportsBet has also moved Howard’s way, offering $1.85 for Labor and $1.90 for the Coalition.
On the other hand, SportsAcument has moved in Rudd’s favour. It is offering $1.77 for a Labor win and $1.95 for a Coalition win.
Update 5.30am 10 May 2006:
| Bookmaker | Coalition Odds | Labor Odds | Probability of a Coalition Win |
|---|---|---|---|
| Centrebet | $1.90 | $1.87 | 49.6% |
| IASBet | $1.90 | $1.85 | 49.3% |
| SportingBet | $1.85 | $1.85 | 50.0% |
| SportsBet | $1.80 | $1.95 | 52.0% |
| SportsAcumen | $1.90 | $1.85 | 49.3% |
The average probability of a Coalition win from the five bookmakers is 50 per cent.
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