Betting market update
It has been a tough week for the government. In broad terms, the betting market has moved from probabilities of almost 50-50 each way to something approaching 55-45 in Labor’s favour. The book makers are saying that if the same 2007 Federal election were repeated 20 times, John Howard would expect to win 9 elections and Kevin Rudd would expect to win 11. It is still a close contest. This is roughly where the betting market was in the six or so weeks before the Budget.
| Bookmaker | Coalition Odds | Labor Odds | Probability of a Coalition Win |
|---|---|---|---|
| Centrebet | $2.10 | $1.69 | 44.6% |
| IASBet | $2.03 | $1.77 | 46.6% |
| SportingBet | $2.00 | $1.80 | 47.4% |
| SportsBet | $2.03 | $1.75 | 46.3% |
| SportsAcumen | $2.08 | $1.72 | 45.3% |
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