The topsy-turvy election is finally becoming more clear with the odds according to online bookmaker sportsbet.com.au shifting in Malcolm Turnbull’s favour.
- Coalition now their shortest price to form government with Sportsbet, priced at $1.03 – in from $1.15.
- Labor blow out from $4.50 to $10 as results tip towards a Coalition win.
- Hung parliament now expected not to occur at odds of $1.75 – in from $3.00 yesterday.
The Coalition were $1.15 to form government before voting resumed today but are now a short $1.03 – their shortest price of the whole election campaign.
Labor have drifted from their outside chance of $4.50 to now stand at odds of $10 – their largest price of this election.
A hung parliament is now not expected to happen but it is still close, with no paying $1.75, in from $3.00 on Tuesday and yes out to $2.00 from $1.35.
“The majority of money is backing there to be no hung parliament and Hindmarsh could be the seat that sees the Coalition just get over the line to form a majority government but it’s touch and go,’’ said sportsbet.com.au’s Will Byrne.
Markets courtesy of sportsbet.com.au
Sworn In Government
$1.03 Coalition (in from $1.15)
$10 Labor (out from $4.50)
$1.75 No (in from $3.00)
$2.00 Yes (out from $1.35)