Betting markets ease further from Turnbott

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Cross-posted from Mark the Ballot:

…here are the weekly betting market statistics for the Coalition’s likelihood of winning the next Australian election.

House Coalition Odds ($) Labor Odds ($) Coalition Win Probability (%)
2016-04-29 Betfair 1.38 3.28 70.39
2016-04-29 CrownBet 1.34 3.20 70.48
2016-04-29 Ladbrokes 1.35 3.15 70.00
2016-04-29 Luxbet 1.31 3.30 71.58
2016-04-29 Sportsbet 1.33 3.25 70.96
2016-04-29 TABtouch 1.34 3.10 69.82
2016-04-29 William Hill 1.34 3.25 70.81
% Fr 22-Apr Sa 23-Apr Su 24-Apr Mo 25-Apr Tu 26-Apr We 27-Apr Th 28-Apr Fr 29-Apr
Betfair 71.61 71.00 70.37 71.31 70.37 67.76 69.28 70.39
CrownBet 72.92 72.92 72.92 72.92 72.92 72.92 72.92 70.48
Ladbrokes 69.82 69.82 69.82 69.82 69.82 69.82 70.96 70.00
Luxbet 74.45 74.45 74.45 76.02 73.65 71.58 71.58 71.58
Sportsbet 72.92 75.25 75.25 75.25 75.25 75.25 70.96 70.96
TABtouch 69.48 69.48 72.04 72.04 72.04 72.04 69.82 69.82
William Hill 70.48 70.48 72.92 72.92 72.92 72.92 70.81 70.81
Average 71.67 71.91 72.54 72.90 72.42 71.76 70.90 70.58

I have added an average row to the bottom of the second table. In this row we can see it has been an up-down week, ending about a percentage point down on where we began in terms of the probability of a Coalition election win.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.