Since Dave Sharma won the Liberal party pre-selection for the Wentworth by-election a massive 51% of the money placed has supported a Liberal victory.
That margin is just shy of their overall hold so far which stands at 55% for a election where they are the $1.65 favourite with Sportsbet.
Labor ($3.00) have only attracted 16% of the money since the pre-selection but have received 21% of the total so far.
Weight of Money since Liberal pre-selection
51% Liberal
33% Independent
16% Labor
Weight of money overall
55% Liberal
22% Independent
21% Labor
2% Green
“Dave Sharma wasn’t expected to win pre-selection but the punters are right behind him winning the by-election,” said sportsbet.com.au’s Will Byrne.
Market courtesy of sportsbet.com.au
Wentworth by-election winner
$1.65 Liberal
$3.00 Labor
$5.00 Independent
$24 Greens
$81 Arts Party
$101 Science Party
$251 CDP