Election Betting
From a look at the betting markets, punters seem to have lined up with pundits to call this week a nil-all draw.
While the campaign descended into a Fromelles-style bloodbath, the negativity of both sides also stagnated the head-to-head betting market and we’ll go to the polls with Labor paying $1.28 to win, and the Coalition pegged at $3.60.
You’ll remember that last week saw Julia Gillard’s campaign finally stem the haemorrhaging that saw her odds on next PM drift out to $1.62, which was as bad as they got under Rudd. Once Sportingbet took over $400,000 on Labor in a week including a bet of $200,000, they were always going to head into the election as favourites.
Continue reading "The punters: Labor to win, with a major loss of skin" »
In the hours following Sunday night’s Leaders Debate, a strange thing happened: punters started backing Tony Abbott for the first time since the election was called last Saturday.
In doing so, they not only pre-empted yesterday’s Newspoll but confirmed most of the analysis about the Opposition leader’s performance in the papers: it could’ve been a lot worse.
As someone who has been taking bets on elections for years, it was a hard to imagine a bigger game changer in a betting market than when the ALP changed jockeys just weeks out from this election campaign.
Continue reading "Follow the money: punters finally getting on Abbott" »
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Freeman says:
Seano, bookies often loose, and can be bankrupted. larger betting agencies never loose, no matter what the result. as there payout to the winners = betts invested from both sides -10% which is their profit. bookies are forced to offer similar odds to the larger betting agencies. Read more »
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Joel says:
@Beagle. You really are like a beagle arent you? Stupid, stubborn and unable to see the facts when they are right in front of your nose. Go away you annoying little man. Read more »
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