Portlandbet update
Latest email update from Portlandbet:
Portlandbet set the benchmark for election betting coverage last week by opening markets on all 150 seats and it has certainly attracted the attention of the punting fraternity with plenty of interest and plenty of betting.
With 150 seats to bet on, there is certainly no shortage of choice and bettors have reflected that with bets on 50 of the seats in the first week. Betting has tended to skew to the ALP early on with money running four-to-one for Kevin Rudd and his cohorts with plenty ready to take on the opinion of Portlandbet bookmakers that the ALP will struggle to win the required seats to change government.
There have been some big market movers with some fairly hefty bets radically changing some prices. The two biggest changes have been in the New South Wales seats of Greenway and Macquarie. In Greenway, the Coalition opened outsiders at $2.05 and have been bet heavily into $1.40. In Macquarie, the reverse has happened with the ALP opening at $2.22 and firming quickly into $1.83 favouritism. Other New South Wales seats to move are Lowe (ALP $1.38 to $1.28), Wentworth (ALP $7 to $3.75) and Calare (Coalition $1.45 to $1.25).
Punters have, as seen, stepped into both outsiders and favourites. The ALP have been bet as outsiders in a number of Queensland seats including Blair ($4.75 to $3.75), Bowman (3.65 to $3), Dickson ($4 to $3.50), Longman ($6.75 to $4.80) and Moreton ($2 to $1.88). Grey in South Australia (ALP $21 to $13) and Cowan in Western Australia (Coalition $2.22 to $2.08) have also seen punters attracted to the outsider.
Heavily bet favourites include the ALP in Hindmarsh ($1.60 to $1.36), the ALP in Chisholm ($1.50 to $1.30) and the Coalition in Kalgoorlie ($1.65 to $1.55).
The Portlandbet election coverage has attracted a wide varied interested with people from all walks of life keen to get set. From professional punters to political insiders to the man on the street, plenty of folk seem keen to bet politics. Log onto the Portlandbet website or give us a call if you fancy a wager.