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According to Mark The Graph on Twitter (X), Australia’s betting markets have lurched strongly in favour of a Coalition win at the upcoming federal election.
As of Saturday, before the latest Victorian by-election results, the betting market had Labor on $2.62 and the Coalition on $1.50.
The probability of a Coalition election win had also risen to around two-thirds versus Labor’s one-third.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.