What the bookies are saying about the Federal election

Posted: March 6, 2010 | Author: | Filed under: Miscellaneous | Tags: , , , , | Leave a comment

If you’re pondering who will win the next Federal election, you might want to take note of what the bookies think.  According to Pollytics yesterday, the current implied probability of the outcome (derived from the odds offered by the five main betting houses) is 74.4% ALP and 25.6% Coalition.  The ALP was 77.9% a month ago.  The trend is down for the ALP but they’re still looking damn good.  BetFair has the ALP at $1.30 and the Coalition at $4.00.